Schedule A Free Call

FAQ

When would an adviser or AFSL need a full AML/CTF Program?

You (or your AFSL) would need a full standard AML/CTF Program (Parts A & B) only if you begin providing a designated service directly, such as:

  • Operating a managed discretionary account (MDA)
  • Issuing, providing, or operating a financial product yourself
  • Providing remittance or payment services
  • Dealing directly with client assets or funds in a way that constitutes a designated service

If your AFSL provides any designated service beyond the item 54 arranging service, a full AML/CTF Program is required.

Subscribe

Every fortnight “Three Hit Tuesday” delivers thought leadership, considered analysis and insights that will help you improve your advice, more effectively manage your regulatory risks and make you better informed than your peers.

AS-Subscribe Form

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

We respect your privacy. We know everyone says that, but we promise that we won’t sell your contact details to dodgy telemarketers, spam your email or otherwise exploit your trust.

Step 1 of 8 - Your Role

This field is for validation purposes and should be left unchanged.

Assess your ASIC exposure

Answer a few targeted questions to identify where your compliance may not stand up under ASIC review.

Takes less than 2 minutes. No preparation required.

What best describes your role?