What financial service firms does ABM Global Compliance support?

We assist firms in banking, payments, electronic money, capital markets, and other financial-services sectors with compliance, regulatory authorisation, AML/CTF, risk management, governance, and ongoing compliance support.

Do you help with regulatory licensing and authorisation?

Yes. We provide support with preparing applications, understanding requirements, capital, governance, policies, and liaising with regulators for financial services licensing.

What AML/CTF obligations do financial service firms need to meet?

They need to have customer due diligence (KYC/KYB), transaction monitoring, reporting of suspicious transactions, sanctions screening, risk assessment, record keeping, staff training, and internal oversight.

How often should financial service firms review and update their compliance frameworks?

At minimum annually, or sooner if there are regulatory changes, internal incidents, or business model changes that affect risk or operations.

What is regulatory reporting and how can you help?

Regulatory reporting includes periodic or ad-hoc filings required by regulators. We help firms prepare, review, submit these reports accurately and on time, and advise on new reporting requirements.

Why are governance & internal controls important in financial services?

Good governance ensures accountability, oversight, risk awareness, and helps maintain regulatory compliance. Internal controls help prevent errors, fraud, non-compliance, and protect the firm and its customers.

Financial Services Advisory | ABM Global Compliance

Regulatory Licensing & Registration

ABM assists clients in obtaining the required registrations and licences with Australian regulators such as the Australian Securities and Investments Commission (ASIC), the Australian Transaction Reports and Analysis Centre (AUSTRAC), and the Australian Prudential Regulation Authority (APRA) where applicable. We guide firms through complex application processes for Australian Financial Services (AFS) licences, Australian Credit Licences (ACL), and registration as a Remittance Service Provider or Digital Currency Exchange (DCE) with AUSTRAC. Our experts ensure compliance with the Corporations Act 2001, AML/CTF Act 2006, and other relevant laws, helping clients meet fit-and-proper requirements and maintain strong regulatory relationships.

Compliance Framework Development

We design and implement customised compliance programs tailored to your operations and Australian regulatory obligations. This includes drafting robust policies and procedures covering Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), Know Your Customer (KYC), data privacy under the Privacy Act 1988, and risk management standards. Our frameworks equip businesses to proactively identify and address compliance risks, ensuring ongoing alignment with ASIC, AUSTRAC, and APRA expectations.

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Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF)

ABM develops comprehensive AML/CTF programs that meet the requirements of the AML/CTF Act 2006, AUSTRAC guidance, and Financial Action Task Force (FATF) recommendations. We assist with implementing effective customer due diligence (CDD) and enhanced due diligence (EDD) processes, sanctions and PEP screening, transaction monitoring systems, and suspicious matter reporting (SMR) protocols. These measures strengthen financial crime detection and mitigation across your business.

Internal Audit & Compliance Reviews

Our independent audit services assess the effectiveness of your compliance controls, AML/CTF program, and governance framework. We perform gap analyses against ASIC, AUSTRAC, and APRA regulatory requirements, delivering detailed remediation plans. Regular compliance health checks prepare organisations for regulatory audits and help avoid enforcement action.

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Ongoing Compliance Support & Outsourcing

ABM offers outsourced compliance roles including Compliance Officer, Money Laundering Reporting Officer (MLRO), and Data Protection Officer (DPO). We provide ongoing monitoring of regulatory changes, conduct compliance impact assessments, manage AUSTRAC reporting obligations, and support governance reporting to boards and senior management. This is an ideal solution for start-ups and mid-tier firms seeking cost-effective, expert compliance support without the overhead of in-house teams.

Regulatory Inspections & Enforcement Preparation

We prepare clients for regulatory inspections by conducting readiness reviews and mock audits based on ASIC, AUSTRAC, and APRA expectations. Our team assists with developing response strategies, drafting submissions, and implementing corrective action plans. This proactive approach minimises enforcement risks and strengthens your organisation’s regulatory readiness.

Training & Capacity Building

ABM provides tailored training programs to enhance compliance awareness and capability across your organisation. Training covers AML/CTF obligations, sanctions compliance, market conduct standards, breach reporting, and ethical business practices. We also deliver board and executive briefings to ensure leadership is informed and prepared to meet their governance and compliance responsibilities.