AML Program
Your legally required AML/CTF Program — risk-based, unified, and always current
The Problem
Every reporting entity must have a written AML/CTF Program — but most treat it as a document exercise. A program that sits in a drawer, disconnected from day-to-day operations, provides no real defence when AUSTRAC asks whether your business actually operates by it.
A static Word document that predates your current products and customer types
Annual review forgotten — last update was 3 years ago
No connection between your written policies and what your team actually does
Why It Matters
Under the AML/CTF Amendment Act 2024 (effective 1 July 2026), the old Part A / Part B structure is replaced by a unified, risk-based program built directly from your ML/TF Risk Assessment. AUSTRAC now expects the Risk Assessment to come first — and the program to be proportionate to the risks it identifies. A static document no longer meets the standard.
How Verigo Solves It
VeriGo builds your ML/TF Risk Assessment first — from your industry, customer types, products, and transaction profile — then generates your unified AML/CTF Program directly from it. As your risk profile changes, the program updates. The document AUSTRAC sees reflects exactly how your business operates today.
How It Works
ML/TF Risk Assessment
Industry-specific risk matrix pre-populated. Customer types, products, channels, and jurisdictions scored. MLRO reviews and signs off.
Unified AML/CTF Program
Single program generated from your risk assessment — governance, accountability, CDD procedures, and monitoring rules in one document.
Customer Due Diligence procedures
CDD and EDD rules embedded in the program and enforced by the platform — not just written in a policy.
Registers & Training
Employee DD register, training log, and high-risk customer register maintained automatically as your team works.
Annual Review
Automated reminder. Guided review workflow. Risk Assessment updated first, program updated from it. Signed off and dated.
Audit-ready output
Current, complete program exported on demand — AUSTRAC receives a document that reflects live operations.
Key Benefits
Risk Assessment comes first — your program is proportionate to your actual ML/TF exposure, not a generic template
Unified program structure aligns with the AML/CTF Amendment Act 2024 — no outdated Part A / Part B references
Program updates when your risk profile changes — new products, new customer types, new corridors
AUSTRAC audit requests take minutes — produce a complete, current program on demand
New staff are guided by the same program your compliance team built — no knowledge gaps
Industry Examples
First-ever AML/CTF Program built from a guided Risk Assessment in a day — compliant with the new unified structure before the 2026 deadline.
MLRO updates the Risk Assessment to reflect new crypto products. Program regenerates automatically — AUSTRAC inspection ready in under an hour.
New payment corridor added. Risk Assessment updated, program reflects the change — without engaging a compliance consultant.
Try AML Program free for 7 days
A living, risk-based AML/CTF Program aligned with the 2026 reforms — built from your Risk Assessment and instantly producible for AUSTRAC.