AML as a managed service
Helping you stay ahead of reform with confidence and clarity
With upcoming reforms to Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regulations, robust and proactive AML compliance is critical for affected businesses.
KordaMentha’s AML as a Managed Service is a comprehensive and scalable, end-to-end solution designed to help our clients meet their AML/CTF compliance obligations while maintaining operational efficiency.
Delivered by our onshore team of AML specialists, KordaMentha’s AML as a Managed Service is a turnkey solution designed to flex with your needs and deliver tangible benefits while maintaining strong compliance oversight.
It can be tailored to suit different business requirements, allowing for flexibility and scalability depending on how your organisations seeks to manage its AML obligations.
By outsourcing AML obligations, businesses reduce operational cost and complexity, gaining immediate access to AML/CTF experts and purpose-built technology platforms.
Digital onboarding tools
Streamline customer onboarding with secure, compliant digital tools:
- Customer Due Diligence (CDD);
- Know Your Customer (KYC);
- remote client onboarding with digital document scanning and biometric tools;
- Sanctions Watch Lists checks;
- Politically Exposed Persons (PEP) checks; and
- adverse media checks.
Obligation management
We help you build and maintain robust compliance
frameworks:
- alert triaging and investigations
- creating and maintaining document repositories
- establishing bespoke reporting standards
- Enhanced Customer Due Diligence (ECDD)
- establishing Unusual Matter Registers (UMR)
- new and ongoing staff training.
Support service
Scale your team and strengthen your operations with:
- operational and systems support
- surge support
- AML advisory and AML Compliance Officer support
- AML training
- remediation project assistance.
Why choose AML as a Managed Service
Flexible, streamlined and timely KYC
Whether you manage AML obligations in-house or outsource them entirely, our flexible KYC solutions and training programs help you meet compliance requirements with speed and precision.
Expert support from a dedicated team
Access a dedicated team of experienced and qualified AML professionals for ongoing support and advisory services to help enhance the handling and improvement of:
- CDD
- exceptions
- escalations through robust case management
- approval processes.
Advanced reporting and quality assurance
Our advanced reporting and assurance checks give compliance officers and supervisors greater visibility, accuracy and control.
