In 2025, compliance felt like a project. Policies were updated, risk assessments refreshed, board packs referenced reform milestones, vendors were onboarded and systems configured. For many organisations, it was a year of visible progress, activity that could be tracked, reported and measured.   In 2026, however, progress becomes proof. Reform activity may be quantifiable, but execution discipline must be demonstrated, and demonstration requires evidence. The Quiet Test Late

’Twas the year of red flags, fines, and frantic compliance teams… NAUGHTY LIST: 1. Coinbase Gets a €21.5M Christmas Surprise Coinbase Europe ended the year with a regulator-sized lump of coal after failing to monitor 30+ million transactions. When 31% of your trades aren’t screened properly, regulators tend to notice and they absolutely did. “Transaction monitoring is optional” is no longer a viable business strategy. 2. Global AML Fines Hit US$1.23 Billion - The Biggest Spik

Queue Jump Now or  Queue Forever A smart person learns from their mistakes - a wise one learns from New Zealand’s. When New Zealand rolled out its Phase 2 AML/CFT obligations back in 2018–2019, things got awkward pretty quickly. Real estate agents, lawyers and accountants were all scrambling to find someone - anyone - who could help them get AML ready before the deadline. It was like Tinder for compliance. Everyone suddenly realised they were single and the AML advisors were

As Australia’s Tranche 2 AML/CTF legislation looms on the horizon, a wave of new compliance requirements is set to crash upon the shores of small and medium-sized enterprises (SMEs) in the real estate, accounting and legal sectors. These industries are largely made up of SMEs and they are about to navigate the same turbulent waters that earlier reporting entities faced under the original AML Act. And based on our experience at WhiteLight AML, the challenges they’ll encounter

In a story published on Accountants Daily  on 29 November 2024, accountants have been urged to start preparing for significant changes to...

The Law Council of Australia (LCA) has pushed back against proposed requirements for Australian lawyers to report on clients under the...

The Tranche 2 legislation, currently under scrutiny by parliament, has raised alarms with the Coalition warning of increased costs and...

“The Law Council is concerned about the impact increased regulatory costs will have on the viability of 93 per cent of Australia’s law...

According to a story today from Accountants Daily, accounting firm clients should brace for rising fees as the Anti-Money Laundering and...

An interesting article published last weekend in the Australian Financial Review highlights a significant yet known issue within...

In a significant move, AUSTRAC has begun recruiting resources to prepare for the impending Tranche 2 reforms to the Anti-Money Laundering...

The gambling industry faces unique challenges when it comes to maintaining Anti-Money Laundering (AML) compliance, especially during peak...

Money laundering is a significant concern in industries dealing with high-value goods, such as luxury cars, fine art, jewellery and...

The fight against money laundering and terrorism financing in Australia is governed by a robust legal framework under the Anti-Money...

High-value dealers in Australia, including those trading in precious metals, jewellery, antiques and luxury vehicles, operate in sectors...

For businesses operating in high-risk sectors, such as bullion dealers, jewellery and precious stone traders, vintage and luxury car...

As the sale of precious metals continues to grow as a legitimate investment, so too does the need for vigilance in monitoring...

In the domain of anti-money laundering (AML) compliance, technology often garners much of the spotlight. From sophisticated algorithms to...

2nd August 2024 | Sydney WhiteLight AML Partners With One AML To Deliver Gold Standard AML Compliance In response to the impending...

PRESS RELEASE 30 July 2024 | Sydney WhiteLight AML Launches Australian Anti-Money Laundering Outsourcing Service WhiteLight AML is...