2nd August 2024 | Sydney
WhiteLight AML Partners With One AML To Deliver Gold Standard AML Compliance
In response to the impending AML/CTF Tranche 2 legislation, WhiteLight AML has partnered with One AML to deliver a comprehensive AML compliance solution for the real estate, accounting and legal sectors. This collaboration aims to simplify AML compliance for these industries by offering fully outsourced AML services.
The new service will encompass all aspects of AML compliance including Risk Assessment, AML/CTF Program and Policy development, staff training, customer Identity Verification (IDV) and Ongoing Due Diligence (ODD). This robust approach ensures that businesses are not only compliant with the new legislation, but also protected against the evolving threats of money laundering and terrorism financing.
Akash Khushal, One AML’s Managing Director said, “One AML brings industry-leading experience in developing effective AML/CTF risk assessments and AML Programs and policies that are tailored and functional for WhiteLight AML’s clients. We’re excited to be part of an initiative which will simplify AML compliance for the Tranche 2 impacted businesses.”
Colin Fannon, CEO of WhiteLight AML, added, “By combining One AML’s expertise in AML Program development and maintenance with WhiteLight AML’s operational expertise and existing pool of AML analysts, we believe that our full-service AML solution will not only meet the needs of Tranche 2 businesses, but it will represent a gold standard approach to AML compliance for SMEs.”
This initiative comes at a critical time, as the Australian government intensifies efforts to prevent money laundering through high-risk sectors like real estate. The partnership between WhiteLight AML and One AML will play a pivotal role in equipping businesses with the necessary tools and expertise to navigate the complex landscape of AML compliance.
About WhiteLight AML
WhiteLight AML specialises in providing comprehensive AML solutions tailored to meet the unique needs of businesses across various sectors. With a focus on operational excellence and regulatory compliance, WhiteLight AML is dedicated to helping clients meet their AML/CTF obligations.
About One AML
One AML is a leading provider of AML/CTF risk assessments, program development and policy creation. With a strong emphasis on creating tailored and functional compliance solutions, One AML is committed to supporting businesses in achieving and maintaining AML compliance.
For more information about WhiteLight AML, please contact:
Tomas Jordan
+61 474 532 958 or tomas.jordan@WhiteLightaml.com.au
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