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Advisory Services Case Study
From Global Search to Winning Solution
AML Strategic Technology Review
50,000
Alerts Remediated
30
Analysts
4 Months
Completed
Audit Approved
By Big 4
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At A Glance
One of Australia’s largest wagering platforms launched a strategic review of its financial crime technology in response to rising costs and evolving regulatory requirements. WhiteLight AML was engaged to lead the review, evaluate global vendors and guide the procurement process.
Challenges
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Escalating compliance technology costs
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Need to assess global AML/CTF vendor solutions against future regulatory needs
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Requirement for robust procurement governance and audit trail
Solutions
WhiteLight AML chaired the review project, leading a cross-functional team of compliance, operations, technology and procurement staff. A detailed RFI document was created through workshops, functional analysis and future needs mapping, informed by WhiteLight AML’s deep expertise in screening, CDD, transaction monitoring and reporting.
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Over 30 vendors from around the world were assessed in an initial pass, narrowed down to a shortlist of 10. These vendors were scored against the RFI requirements, and the top three presented detailed demonstrations to the review team. Throughout the process, WhiteLight AML ensured clear governance, documentation and fortnightly reporting to procurement and senior compliance stakeholders.
Analysis
Stage One
Designed a vendor review framework aligned with both strategic goals and procurement requirements. Produced a comprehensive RFI capturing current gaps and future needs.
Execution
Stage Two
Evaluated 30+ global AML/CTF technology vendors, shortlisted 10, scored RFI responses, and facilitated detailed demonstrations from the top three.
Review
Stage Three
Maintained probity and a full audit trail, with progress reported via fortnightly control group meetings. Enabled clear, defensible vendor selection and regulator-ready documentation.
The WhiteLight AML Advantage
WhiteLight AML brings decades of experience helping BFSI and gambling organisations assess, design and implement financial crime technology. By combining operational expertise, lean process design and robust procurement frameworks, we deliver strategic reviews that withstand scrutiny and set businesses up with future-ready compliance solutions.
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