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.”