NameScan Insight

Politically exposed persons have long been a focus of AML compliance programmes in the banking sector. Under Australia’s expanded AML/CTF regime, PEP screening Tranche 2 Australia obligations will apply to a much wider range of businesses from 1 July 2026 — including real estate agents, accountants, lawyers, and trust and company service providers. For many of these...

For small and medium-sized enterprises entering the world of AML compliance — whether due to regulatory obligation, investor requirements, or customer due diligence demands — the market for AML screening software can be overwhelming. Dozens of vendors promise comprehensive coverage, low false positive rates, and seamless integration, but the real question for an SME is simple...

Knowing who ultimately owns or controls a business is no longer just good practice — it is a regulatory obligation for a growing number of entities in Australia. Beneficial ownership verification Australia requirements have expand...

Real estate agents in Australia are facing their most significant compliance overhaul in decades. The Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 extends Australia’s AML/CTF regime to a new cohort of “Tranche 2” entities — and real estate agents are among the first in scope. With the 1 July 2026 deadline approaching, understanding what AUSTRAC Tra...

When a compliance team approves a customer without conducting adverse media screening, they may be onboarding someone who has been publicly linked to fraud, bribery, or human trafficking — without ever knowing it. Adverse media screening AML processes exist precisely to close ...