Setting up AML compliance for a real estate business can be complex, requiring the right combination of staff with financial crime expertise, robust technology for identity verification (IDV) and watchlist screening, as well as manageable processes for recordkeeping, reporting and ongoing monitoring.

 

It’s not just about meeting regulatory requirements — it’s about implementing a comprehensive framework that addresses risk assessment, customer due diligence and staff training, all while ensuring that every part of your AML/CTF program is aligned with AUSTRAC's expectations.

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This AML Compliance Implementation Checklist is a downloadable, practical guide that simplifies this process. It outlines each step, from AUSTRAC registration and developing an AML/CTF program to deciding between in-house compliance and outsourcing.

 

The checklist covers essential areas like KYC, ODD, ECDD, staff onboarding, privacy policy updates, ongoing compliance monitoring and annual audits. If you need clarification or expert support as you work through the steps, the live chat feature on the home page of this website connects you directly with WhiteLight AML specialists who can guide you.