The timeline varies depending on your business size and complexity. Typically, a fully customised AML/CTF program can be developed and implemented within 3-6 months. With AML Shield's automated workflow tools, we can reduce this timeframe to hours, in line with AUSTRAC's guidance and starter kits. We recommend starting early to ensure you're compliant before the Tranche 2 deadline.
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Ready to start your compliance journey? Have questions about Tranche 2 obligations? We're here to help. Get in touch with our team for an initial consultation.
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Frequently Asked Questions
Quick answers
Don't get buried in paperwork. Our system will guide you through the Tranche 2 compliance process in hours, not months.
- How long does it take to implement an AML program?
- Our business has more than 15 employees. Can we still use the AML Shield compliance programs and workflow tools?
AML Shield's Starter Kits can be used for businesses with 15 or fewer employees. Larger firms can still use our platform to customise the AUSTRAC kits to the size, nature and complexity of their business.