The key to AML Outsourcing is WhiteLight AML

Gold Standard Outsourced AML/CTF Compliance Services

When it comes to meeting your anti-money laundering (AML) obligations, business owners need a solution that minimises impact on daily operations, customers and management focus while still ensuring full compliance.

At WhiteLight AML, we offer a Full-Service AML/CTF Outsourcing Solution that combines financial crime expertise, cutting-edge technology and proven processes to deliver a seamless, gold-standard compliance experience.

That solution is called AML as a Service (AMLaaS).

Why Choose Outsourced AML Compliance Services?

Managing AML compliance in-house can be complex and time-consuming, distracting you from your core business activities. With Whitelight AML’s outsourced services (AMLaaS), you gain peace of mind knowing that every aspect of your compliance program is handled by experts.

Our Full-Service AML/CTF Outsource Solution includes:

Comprehensive AML Risk Assessment
We identify, assess, and categorise money laundering and terrorism financing risks tailored to your industry and business operations. This helps ensure a robust foundation for your AML/CTF program.

Compliance Documentation
We draft, implement and maintain all necessary documentation, including:

AML/CTF Programs
Policies and procedures
Ongoing updates to meet regulatory requirements

Staff AML Training
Your team will receive tailored AML training to understand their obligations, recognise red flags and identify unusual activity.

Know your Customer

Using best-in-class technology, we perform:

Initial KYC checks to verify customer identity including Customer Identity Verification (IDV) and watchlist screening
Continuous monitoring to manage ongoing customer due diligence.

Reporting Obligations
We manage reporting obligations on your behalf, ensuring compliance with AUSTRAC and other regulatory bodies.

This may included reporting suspicious transactions (SMRs), threshold transactions (TTRs) and international funds transfer instructions (IFTIs).

Whether you’re a small enterprise or a larger organisation, outsourcing AML compliance allows you to focus on growth while we handle the complexities of financial crime prevention.

Why Whitelight AML?

Expertise You Can Trust

Our team consists of seasoned financial crime specialists with extensive industry experience.

Best-in-Class Technology

We utilize advanced tools for ID verification, due diligence, and transaction monitoring.

Tailored Solutions

Our services are customised to meet the unique needs of your business and industry.

Regulatory Compliance

We ensure alignment with AUSTRAC guidelines and Australian AML/CTF legislation.

End-to-End Support

From program creation to ongoing maintenance, we manage every aspect of your compliance journey.

We Simplify AML Compliance
Don’t let AML compliance slow down your business. Trust WhiteLight AML to deliver reliable, efficient and hassle-free outsourced AML services that keep you compliant while you focus on what you do best.

Key Features of AMLaaS:

Expertise: AMLaaS provides teams of experienced compliance professionals who understand complex regulatory requirements and provide expert guidance.

Technology: AMLaaS uses advanced AML technology for tasks such as identity verification (IDV), transaction monitoring and ongoing due diligence.

Cost Efficiency: Businesses save costs associated with hiring, training and retaining dedicated AML staff and acquiring compliance technology.

Scalability: Services can be tailored to meet the needs of businesses of different sizes and industries, from small startups to large enterprises.

Comprehensive Solutions: AMLaaS typically includes:

Risk assessments and AML/CTF program development.
Know Your Customer (KYC) and Enhanced Due Diligence (EDD).
Ongoing watchlist screening and transaction monitoring.
Reporting suspicious activities (SMR/SARs) to regulators.
Regular compliance reviews and audits.

Compliance Assurance: By leveraging the expertise and infrastructure of an AMLaaS provider, businesses can stay updated on regulatory changes and mitigate the risk of non-compliance.

Benefits of AMLaaS:

Regulatory Compliance: Ensures compliance with local and international AML/CTF laws

Focus on Core Business: Frees up internal resources, allowing businesses to concentrate on their primary operations.

Reduced Risk: Minimises the risk of regulatory fines, reputational damage and operational inefficiencies.

Flexible and Tailored Solutions: Customised services to address industry-specific challenges, such as those faced by financial services, real estate, or cryptocurrency businesses.

AMLaaS is particularly valuable for small to medium-sized enterprises (SMEs) and industries newly subject to AML regulations, like the designated non-financial businesses and professions (DNFBPs) covered under Tranche 2 AML/CTF legislation.