AML/CTF Starter Kit

2Shakes Guide to Getting Set up for AML/CTF

If you provide designated AML/CTF services (see Blog) then AML/CTF applies - follow our 5 steps to get set up to comply with AUSTRAC.

  1. If AML/CTF applies…

  1. View our Program on a page diagram to see everything covered for you AML/CTF program using 2Shakes

  2. Sign up: Use this link to get a 10 free 2Shakes account and set up your 2Shakes profile,

2. Next create your AML/CTF Policy, assign roles and register

  1. Download & Brand: Click to download the 2Shakes Policy Template. Save it in the correct folder. Open it and add replace the yellow highlighted text with your practice name and/or logo.

  2. AML/CTF roles. Go to section 1.1 to add staff names to Roles table. You can add the same name against several roles. For example if you are a sole trader or single employee practice you can add your name to all four roles.

  3. Review, Approve & Upload. Read the whole document and update if needed. Ensure that your T&C’s meet the requirements of section 2.7.2.. Send it to your senior manager for approval. After approval, record who approved it, date and other details in the version control section. Then upload to 2Shakes AML documents..

  4. Register with AUSTRAC and Let then know who your compliance office is, set up an Online account.

3. Then confirm your AML/CTF Risk Assessment

  1. Download & Brand: Click to download the Risk template. Save & add your practice name/logo as above..

  2. Designated services: Ensure this section covers all designated services you might offer.

  3. Types of clients: Confirm what types of client entities you work with.

  4. Countries: Include all countries that your current or future clients may have links too.

  5. Review, Approve & Upload. Read the whole document and update as needed, get the document approved as store it as you did for the Policy above AML documents.

4. Set up AML/CTF Processes & Personnel Due Diligence

  1. Download & Brand: Click to download the Processes template. Save & add your practice name/ as above.

  2. Review, Approve & Upload: Read the whole document and update if need for your practice. Save a copy and send it to your senior manager to approve. Record the approver, date and other details in the version control section. Then upload to 2Shakes AML documents.

  3. Staff Vetting: Use 2Shakes to complete ID verification for staff in AML/CTF roles. When the results are received complete the AUSTRAC PDD form and upload the results to 2Shakes AML documents.

5. Training

  1. Training Plan: Click to download our AML/CTF Training Plan. It includes reviewing your program, AUSTRAC free resources, as well as 2Shakes online AML Support and How To guides. Check if your professional body or association also offer free resources.

  2. Record: Our template includes a tab you can use to record staff training record. Each time your staff undertake training, you should record it and can upload it in 2Shakes AML documents.

More Help

Didn’t find what you need here? You can find lots more help on our AML Support Page.

Or you can Contact us or email us at support@2shakes.com.au and we can help you with what you need to know.