Get a precise, compliance-aligned money laundering risk assessment tailored for your operational risks and AUSTRAC expectations.
Money laundering and terrorism financing risks vary significantly across industries, customer types, products, and delivery channels. Our ML/TF Risk Assessment Services provide Australian reporting entities with a structured, defensible way to identify, assess, and manage these risks in line with regulatory expectations.
We conduct comprehensive, risk-based assessments that evaluate your inherent ML/TF risks, existing controls, and residual risk exposure. Each assessment is tailored to your business model and operating environment, ensuring outcomes are practical, proportionate, and aligned with your AML/CTF obligations under AUSTRAC guidance.
Our assessments cover key risk areas, including:
The result is a clear, documented risk profile that supports informed decision-making, strengthens compliance frameworks, and provides confidence during audits and regulatory reviews.
Conducting a formal ML/TF risk assessment is a regulatory expectation and a critical foundation of an effective AML/CTF program. Without a clear understanding of where your risks lie, it is difficult to apply appropriate controls or demonstrate a genuine risk-based approach.
A well-executed ML/TF risk assessment helps your organisation:
Beyond compliance, ML/TF risk assessments provide strategic value. They improve visibility across your operations, support resource allocation, and ensure your compliance efforts remain effective as your business grows, diversifies, or enters new markets.
A strong AML/CTF framework starts with a clear understanding of your exposure to ML/TF threats. Our money laundering risk assessment services help Australian businesses identify, measure, and manage financial crime vulnerabilities across their operations.
We conduct a complete, evidence-based analysis of your customers, products, delivery channels, and jurisdictions. The outcome is a structured AML risk rating that supports better decision-making, controls optimisation, and audit-ready compliance.
Whether you’re setting up a new AML/CTF program or strengthening an existing one, our assessments ensure you meet AUSTRAC’s requirements with confidence.
Businesses in Australia face stricter scrutiny and higher expectations around AML/CTF compliance. A comprehensive risk assessment AML approach delivers:
Our goal is to provide a practical, defensible assessment that supports long-term resilience—not unnecessary complexity.
We offer end-to-end support to design, implement, and maintain a comprehensive AML/CTF framework tailored for Australian businesses.
We conduct a complete enterprise-level assessment that evaluates your customer types, product offerings, delivery channels, geographic exposure, and operational environment. This structured money laundering risk assessment gives you a clear understanding of where your organisation faces the highest exposure and how your controls currently perform. The final output includes an AML risk rating supported by evidence and guided by AUSTRAC’s methodology, ensuring your program remains aligned with regulatory expectations.
Our customer-level AML assessment provides a clear and consistent approach to assigning risk ratings across your customer base. We review your onboarding practices, KYC processes, customer activity patterns, and enhanced due diligence requirements to determine whether your current approach is aligned with AUSTRAC guidelines. This helps ensure every customer receives an appropriate AML risk rating and that your AML check procedures are both effective and proportionate to the risks involved.
We analyse how your products, delivery channels, and geographic footprint impact your ML/TF exposure. This includes reviewing digital onboarding processes, cash-based activity, complex transactions, and any cross-border elements that may increase vulnerability. By mapping jurisdictional risks using credible international sources, we provide a realistic view of where threats originate and how they interact with your current control environment. This deeper insight supports stronger monitoring, reporting, and overall compliance management.
Your final report includes tailored, AUSTRAC-aligned recommendations designed to strengthen your controls in a practical and achievable way. Instead of generic checklists, we provide improvements tied directly to your operating model—covering governance, reporting accuracy, KYC processes, EDD procedures, monitoring workflows, and training requirements. Our aim is to give you a clear roadmap that supports ongoing compliance and enhances the effectiveness of your AML/CTF program.
Regulatory expectations evolve, and your AML/CTF framework must evolve with them. We support your organisation with periodic risk reviews, independent assessments, and compliance advisory designed to maintain your program’s effectiveness over time. This includes annual risk assessment updates, control testing, and guidance during AUSTRAC enquiries or audits. With this ongoing support, you remain prepared, responsive, and fully aligned with regulatory requirements.
We bring deep expertise in AUSTRAC’s risk-based compliance requirements and apply practical, industry-specific insights to every engagement. Our assessments are clear, actionable, and focused on the real risks that impact your business. This is not theoretical frameworks that complicate your operations.
We emphasise transparency, tailored recommendations, structured delivery timelines, and long-term compliance alignment. Our approach ensures you receive a defensible, easy-to-understand assessment that strengthens your AML/CTF posture and supports sustainable business resilience.
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Tranche 2 Consultants
Table of Contents Partnership Explained — At a Glance Meaning: A partnership is an association of persons, other than a company or limited partnership, carrying on business as partners or receiving income jointly, or it can be a limited partnership. Why it matters for Tranche 2: Many law firms, accounting
Table of Contents Box In simple terms: A money mule is someone who moves illegally acquired money on behalf of someone else, often to hide the criminal source. Why it matters: mules are frequently used in scams and can create “clean looking” payment trails through legitimate accounts. Definition A money mule
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 ML/TF risk assessment identifies and evaluates a business’s exposure to money laundering and terrorism financing risks across customers, products, services, delivery channels, and geographic locations.
Yes. Australian reporting entities are required to identify, assess, and document their ML/TF risks as the foundation of a risk-based AML/CTF program.
It should be updated regularly and whenever there are significant changes to the business, such as new services, higher-risk customers, or expansion into new markets.
It should be updated regularly and whenever there are significant changes to the business, such as new services, higher-risk customers, or expansion into new markets.
Yes. Many organisations engage AML specialists to conduct independent, defensible ML/TF risk assessments aligned with regulatory expectations.
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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