AML (Anti-Money Laundering)

With money laundering and terrorism financing becoming a more and more widespread around the world today the necessity of conducting Anti-Money Laundering due diligence checks are very important for any business. The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) covers the financial sector, gambling sector, bullion dealers and other professionals or businesses that provide services covered by the Act.

AML Reports with InfoTrack

The AML/CTF Act is part of a legislative package which brings Australia into line with international best practice to deter money laundering and terrorism financing. InfoTrack’s Anti-Money Laundering Search ensures that whomever you are dealing with has not been recorded as having laundered any money in accordance with the Anti-Money Laundering (AML) and Counter-Terrorism Act 2006.

  • ACN / ABN and / or ASIC incorporation details
  • Organisation’s address and contact details
  • Ownership and ultimate parent information
  • Share structure
  • Directorships
  • Lodged annual returns
  • Line of business
  • Standard industry classification
  • Past credit enquiries
  • Adverse summary information
  • Import and export details

Knowing your clients can be the key to the successful running of your business and so on-going customer due diligence is critical in weeding out suspicious behaviour to decrease business risk.