Build a strong internal compliance function with our end-to-end AML Compliance Department Setup services.
A well-designed AML/CTF compliance department is essential for managing financial crime risks, meeting regulatory obligations, and maintaining operational integrity. We provide complete support in planning, implementing, and optimising your internal compliance structure—from governance design to policy development, staffing guidance, and operational workflows.
Our AML Compliance Department Setup service ensures your business has clear roles, defined responsibilities, structured reporting lines, and practical processes that support day-to-day compliance activities. Whether you are launching a new function or upgrading an existing one, we provide the strategy, tools, and structure needed for long-term compliance success.
Our goal is to help you build an internal compliance environment that is proactive, efficient, and capable of managing ML/TF risks across every stage of your operations.
With increasing regulatory scrutiny, Australian businesses must demonstrate a strong, documented, and well-governed compliance management system. An effective AML Compliance Department ensures that your organisation can identify risks early, manage customer due diligence obligations, escalate suspicious matters, and maintain accurate records.
Setting up a structured in-house compliance function also supports better decision-making, reduces operational bottlenecks, and ensures your organisation responds quickly to AUSTRAC updates and industry changes. Our in-house AML Compliance Department setup services are designed to streamline your governance and give you a scalable compliance framework.
An internal AML compliance department plays a central role in protecting organisations from money laundering and terrorism financing risks while ensuring ongoing compliance with regulatory obligations. Its purpose goes beyond policy ownership and focuses on embedding a strong, risk-based compliance culture across the business.
The key objectives of an internal AML compliance department include:
Maintain alignment with Australian AML/CTF obligations and regulatory expectations set by AUSTRAC, including reporting, record-keeping, and governance requirements.
Oversee ML/TF risk assessments and ensure controls are proportionate to customer, product, and transaction risk.
Ensure customer onboarding, due diligence, and monitoring processes are applied consistently and effectively across the organisation.
Identify suspicious activity, manage internal escalations, and ensure regulatory reports are accurate and submitted on time.
Promote AML/CTF awareness by supporting staff training and reinforcing compliance responsibilities across teams.
Maintain documentation, testing, and review processes that support audits, regulatory reviews, and ongoing framework improvement.
Clearly defined objectives help AML compliance departments operate effectively, demonstrate accountability, and support strong governance across the organisation.
We help Australian businesses establish a structured, effective, and fully compliant in-house AML framework that aligns with AUSTRAC expectations and industry best practices.
We help you design a clear governance model that defines roles, responsibilities, escalation points, and reporting lines. The structure ensures accountability, independence, and effective oversight across all AML/CTF functions.
We create or refine your internal AML/CTF documentation, including policies, due diligence procedures, monitoring workflows, and reporting guidelines. Every document is aligned with AUSTRAC expectations and tailored to your business model.
We provide guidance on key roles such as Compliance Officer, MLRO, analysts, and onboarding specialists. Whether you’re building a new team or reorganising an existing one, we advise on responsibilities, competencies, and operational coverage.
We help you implement practical workflows covering KYC, CDD, EDD, transaction monitoring, suspicious matter reporting, sanctions screening, and recordkeeping. These workflows ensure consistency, efficiency, and compliance-readiness.
We train your internal team to operate the compliance function effectively. This includes AML/CTF foundation training, role-specific training, KYC/CDD training, and ongoing compliance responsibilities.
We support your team through the entire setup phase, including documentation rollout, operational testing, control implementation, and readiness checks. Our ongoing guidance helps ensure a smooth transition into a fully functioning compliance department.
Setting up an AML compliance department requires more than appointing a compliance officer. It involves designing clear structures, responsibilities, and processes that reflect the organisation’s size, complexity, and risk exposure.
Our AML Compliance Department Setup Services in Australia follow a practical, risk-based approach designed to support long-term compliance and operational efficiency.
Our setup approach typically includes:
We review your services, customer base, transaction activity, and ML/TF risk exposure to determine the appropriate compliance structure.
We help establish clear accountability across compliance, senior management, and operational teams, including reporting and escalation lines.
This includes KYC/CDD processes, monitoring procedures, reporting obligations, and internal controls aligned with regulatory expectations.
Policies, procedures, role descriptions, and reporting templates are designed to be practical, defensible, and easy to implement.
We assist with embedding the compliance function into day-to-day operations and ensuring staff understand their responsibilities.
This structured approach ensures your AML compliance department is scalable, audit-ready, and aligned with both regulatory requirements and operational realities.
We combine regulatory knowledge with practical, real-world operational experience. Our approach focuses on building an AML Compliance Department that is both effective and manageable—no unnecessary complexity, no vague frameworks. Every structure, workflow, and recommendation is tailored to your industry, operational reality, and level of AML/CTF exposure.
We deliver clear guidance, detailed documentation, and hands-on support to help your organisation establish a strong, sustainable compliance foundation.
Real Estate
Dealers in Precious Metals and Stones
Bullion Sectors
Solicitors
Lawyers
Accountants
Conveyancers
Trust and Company Service Providers
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Table of Contents Money Laundering Key Insights In simple terms: Money laundering is turning proceeds of crime into funds or assets that appear legitimate. Why Tranche 2 should care: property, corporate structures, and professional services are commonly used to disguise beneficial ownership and the origin of funds. What Is Money
Contact us to discuss your ML/FT Risk Assessment in Australia.
An AML compliance department is responsible for managing a business’s AML/CTF obligations, including risk assessment, customer due diligence, monitoring, reporting, and regulatory oversight.
Many Australian reporting entities require an internal AML compliance function, particularly where business size, customer risk, or transaction volumes make dedicated oversight necessary.
Common roles include an AML Compliance Officer, reporting officers, analysts, and staff responsible for KYC, monitoring, and regulatory reporting, depending on business size and risk.
Setting up an AML compliance department involves assessing risk exposure, defining governance and responsibilities, implementing AML/CTF processes, and ensuring staff are trained and supported.
Some AML compliance activities can be outsourced, but overall accountability remains with the reporting entity. Many organisations use a hybrid model combining internal oversight with external support.
A well-structured AML compliance department maintains documentation, testing, and reporting processes that demonstrate effective oversight and support audit and regulatory reviews.
A Simple, Supportive Way to Work Together
We’re happy to answer any questions you may have and help you determine which of our services best fit your needs.
Your benefits:
What happens next?
Tranche2consultants begins by learning how your business works and what challenges you face.
Frameworks, processes, and training are created around your actual needs, not generic templates.
Ongoing support ensures your business stays aligned with AUSTRAC requirements as they evolve.
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