Anti-Money Laundering

Money laundering affects everyone, everywhere. The proceeds of every single crime need to be laundered, and no matter what sector that money goes into, this distorts the market as a result.

BDO has a specialist anti-money laundering service that has helped businesses and financial institutions minimise risks from criminal activity. We work to ensure you are meeting your risk and compliance obligations, monitoring suspicious activity effectively, knowing your customers and any potential hazards inside and out.

How BDO can help

BDO offers a full range of anti-money laundering services, from designing Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) risk assessments and compliance programs, to working on audits and training.

Our services include:

  • Risk identification and assessment - we look at all aspects of your organisation to identify and assess the extent of any risks that may be present, taking into account new technologies, identity fraud and overseas trends.
  • Independent reviews - we conduct AML/CFT independent reviews for regulated institutions to ensure they comply with their independent review requirements under the AML/CTF Act. BDO will also help clients respond to any irregularities raised by AUSTRAC and assist clients with their preparations.
  • PEP screening - we undertake politically exposed person (PEP) screening to ensure you can assist customers under high scrutiny while still keeping to your compliance obligations.
  • Adverse media screening - we monitor news and media releases to help institutions track press regarding both individuals and entities.
  • KYC advisory - the team at BDO are experienced Know Your Customer (KYC) advisers and can provide a detailed analysis to help financial institutions build a profile of an individual customer or entity.

Each of these service offerings is tailored to the individual needs of the client in question, taking into account any changes in the regulatory and anti-money laundering landscape.

Contact our team today for a confidential discussion.

Contact us

Contact our team to discuss your needs using the request for service form. Alternatively, call us on 1300 138 991 to speak with an adviser in your nearest BDO office.

Meet our team