AML Risk Solutions was founded in Melbourne, Australia, on August 2019 by former AUSTRAC Senior Intelligence Analyst, Aron Cranenburgh. Their mission is to help support and educate industry to better understand the AML/CTF and Financial Crime risks they face.
While managing the AML/CTF and Financial Crime programs for a leading wealth management firm, Aron was quick to observe the considerable gap between industries' understanding of their AML/CTF risks and obligations and the expectations of the regulator, AUSTRAC.
Australia's Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) regulatory regime is complex and the ML/TF risks faced by businesses are broad and ever evolving.
While AUSTRAC does provide some guidance and educational materials, the onus is firmly placed on businesses to make themselves aware of their risks, educate their staff and put in place appropriate controls to protect their business and the Australian community from Financial Crime.
All of these processes and procedures need to be documented in a Part A and/or Part B written program/s, and independently reviewed at regular intervals.
As an experienced former AUSTRAC Intelligence Analyst, Certified Anti-Money Laundering Specialist and Registered Teacher, Aron is uniquely qualified to simplify and streamline these processes to the satisfaction of the regulator. To this end, AML Risk Solutions offers a suite of targeted services to help you meet your key obligations under the Anti-Money Laundering and Counter Terrorism Financing Act 2006 (Cth), in the most efficient and cost effective way possible.