Tranche 2 refers to the expansion of Australia’s AML/CTF regime to new professions, including real estate agents, lawyers, accountants and conveyancers. If your business facilitates transactions involving property, funds or corporate structures, it is likely you will fall within scope. This means you will be required to implement and maintain a compliant AML/CTF program, conduct client verification and manage ongoing risk.

AML/CTF compliance goes far beyond initial client checks. It requires ongoing identity verification, risk assessments, enhanced due diligence for higher-risk clients, internal policies and procedures, staff training, and continuous monitoring and reporting. It is not a one-off task, but an operational function that must be maintained consistently over time.

Yes. Under AML/CTF obligations, businesses are required to appoint a designated compliance officer responsible for overseeing and maintaining the program. In many cases, this responsibility is added to an existing role, which can create pressure if the function is not properly supported.

WhiteLight AML provides end-to-end AML/CTF outsourcing, acting as the operational layer behind your compliance obligations. We manage onboarding, KYC, enhanced due diligence (ECDD), investigations, reporting and ongoing program support, ensuring your compliance is not only in place, but actively managed and defensible.

Our pricing is based on the work completed, not fixed subscriptions or retainers. You only pay for the AML and KYC work carried out, with each case handled end-to-end by experienced analysts. This removes the need for internal resourcing, reduces backlog risk and avoids paying for unused capacity.

In most cases, outsourcing is more cost-effective. Building an internal compliance function requires hiring, training and managing specialist staff, often for work that fluctuates in volume. Our model gives you access to a full team of experienced analysts without the overhead, allowing you to scale up or down as needed.

We can onboard quickly, depending on the size and complexity of your business. Our team will guide you through the initial setup, gather the required information and begin supporting your compliance function without disrupting your day-to-day operations.

Failure to meet AML/CTF obligations can result in regulatory action, financial penalties and reputational damage. Beyond that, it increases exposure to financial crime risk. Effective compliance is not just about meeting requirements, but protecting your business and the systems you operate within.

Yes. Many of our clients already have technology in place but require support managing the operational workload. We step in to handle the complexity, from enhanced due diligence to investigations and ongoing oversight, ensuring the system is supported by real execution.