top of page
Jan 63 min read
Sink or Swim: Tranche 2 AML Legislation and the Challenges Facing Small Business
As Australia’s Tranche 2 AML/CTF legislation looms on the horizon, a wave of new compliance requirements is set to crash upon the shores...
Dec 3, 20244 min read
Anti-money laundering reforms pass both houses
In a story published on Accountants Daily  on 29 November 2024, accountants have been urged to start preparing for significant changes to...
Nov 1, 20242 min read
Lawyers can’t be covert informers on their clients
The Law Council of Australia (LCA) has pushed back against proposed requirements for Australian lawyers to report on clients under the...
Oct 14, 20241 min read
Coalition warning - AML will impose additional costs on accounting firms
The Tranche 2 legislation, currently under scrutiny by parliament, has raised alarms with the Coalition warning of increased costs and...
Sep 17, 20242 min read
The Cost of AML Compliance - A Threat to Small Law Firms – Fact or Fiction?
“The Law Council is concerned about the impact increased regulatory costs will have on the viability of 93 per cent of Australia’s law...
Sep 17, 20241 min read
Accountants Daily Reports: AML Compliance Costs Set to Increase for Accountants’ Clients
According to a story today from Accountants Daily, accounting firm clients should brace for rising fees as the Anti-Money Laundering and...
Sep 3, 20241 min read
MCG-sized gap in Australia’s anti-money laundering laws
An interesting article published last weekend in the Australian Financial Review highlights a significant yet known issue within...
Aug 28, 20242 min read
AUSTRAC Prepares for Tranche 2 AML Reforms: What’s Next?
In a significant move, AUSTRAC has begun recruiting resources to prepare for the impending Tranche 2 reforms to the Anti-Money Laundering...
Aug 27, 20242 min read
Spring Racing Carnival: Outsmart Backlogs by using Short-Term Outsourced Crime Analyst Capacity
The gambling industry faces unique challenges when it comes to maintaining Anti-Money Laundering (AML) compliance, especially during peak...
Aug 23, 20242 min read
Red Flags: Identifying Money Laundering in High-Value Goods Transactions
Money laundering is a significant concern in industries dealing with high-value goods, such as luxury cars, fine art, jewellery and...
Aug 20, 20242 min read
Unmasking Risk: The Critical Role of Employee Due Diligence in AML/CTF Compliance in Australia
The fight against money laundering and terrorism financing in Australia is governed by a robust legal framework under the Anti-Money...
Aug 15, 20243 min read
Regular AML/CTF Training is Essential for High-Value Dealers in Australia
High-value dealers in Australia, including those trading in precious metals, jewellery, antiques and luxury vehicles, operate in sectors...
Aug 12, 20243 min read
Independent Reviews are a Regulatory Necessity, Not an Option
For businesses operating in high-risk sectors, such as bullion dealers, jewellery and precious stone traders, vintage and luxury car...
Aug 8, 20242 min read
Australian Bullion Dealers: Be Aware of Structuring
As the sale of precious metals continues to grow as a legitimate investment, so too does the need for vigilance in monitoring...
Aug 5, 20243 min read
Technology Is Only Part of the AML Compliance Story
In the domain of anti-money laundering (AML) compliance, technology often garners much of the spotlight. From sophisticated algorithms to...
Aug 5, 20242 min read
WhiteLight AML is pleased to announce its partnership with One AML.
2nd August 2024 | Sydney WhiteLight AML Partners With One AML To Deliver Gold Standard AML Compliance In response to the impending...
Jul 30, 20242 min read
Whitelight AML is pleased to announce the launch of its Anti-Money Laundering (AML/CTF) outsourcing service.
PRESS RELEASE 30 July 2024 | Sydney WhiteLight AML Launches Australian Anti-Money Laundering Outsourcing Service WhiteLight AML is...
Jul 25, 20242 min read
The Basics of Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF)
In anticipation of new AML/CTF legislation expected in the coming months, Whitelight AML will be publishing a series of posts to help...
bottom of page