Seven Years, Three Days: AML/CTF Records You Can Prove AUSTRAC’s AML/CTF reforms are accelerating toward 2026, and record-keeping has become a live risk for advice practices, licensees, and other professional services. If you can’t produce complete evidence within days—not weeks—you face onboarding delays, remediation costs, audit pain, and potential civil penalties. Here’s how to turn
Audit-Ready: The AUSTRAC Compliance Playbook for Small Advice Firms With AUSTRAC stepping up reviews across the advice ecosystem, this practical story shows how a small advice firm clarified its designated services, modernised its AML/CTF program and embedded monthly spot-checks so every KYC, beneficial ownership, PEP screen, transaction monitoring note and SMR decision is complete and
Seven-Year Proof: Make Your AML/CTF Records Audit-Ready With AML/CTF reforms advancing and AUSTRAC sharpening supervision, advice firms can’t rely on tax-era retention habits. Here’s how one small firm rewired its record-keeping to meet 7-year AML/CTF obligations—and how you can do the same, fast. 1) The Monday Letter: A Wake-Up Call “We’re increasing our supervision focus.”