On-demand access to trusted financial crime expertise.
The key to regulatory compliance is having a clear strategy, access to expert advice, and ongoing support. KordaMentha’s Compliance Counsel helps clients achieve financial crime compliance without having to invest in costly and limited resources. Compliance Counsel is KordaMentha’s innovative approach to financial crime consulting. Through a yearly engagement, we assemble a dedicated team to provide ongoing and on-demand expert advice and practical assistance. We leverage clients’ existing resources to uplift capability and/or capacity, identify improvement opportunities, and recommend relevant industry approaches to manage ongoing financial crime risks and compliance obligations.
How we can help you
Over a 12-month period, we meet on a regular basis and provide a range of services tailored to each client’s needs. These may include the following, with scope and topics agreed in advance:
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This may include an AML/CTF Program Independent Review, policy, procedure and AML/CTF Program updates, ML/TF risk assessment refresh, diagnostic review of existing financial crime framework, help with regulatory response, or role-specific training across nominated business areas.
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Tailored workshops with actionable outcomes. Topics may include general compliance training, role-specific training, designing a transaction monitoring program, undertaking oversight and testing, or how to effectively implement an AML/CTF Program or sanctions compliance framework.
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We combine technical knowledge with sound commercial advice. Whether it is to understand an industry view or regulatory strategy, we assist with the most pressing questions or challenges, as and when required.
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We provide insights into regulatory change, enforcement, and compliance activities that may directly impact our clients. Our regular networking events enable connections between financial crime professionals, broadening their own networks and their understanding of financial crimes.
Our experience
We bring an evidence-based approach to our work with a strong emphasis on action and results.
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Elevating compliance capability
KordaMentha is working with a national gaming operator, with licensed venues across Australia. Now in their second year leveraging our Compliance Counsel service, we partner with the gaming operator to improve their ML/TF risk assessment, AML/CTF Program, and training.
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Actioning Independent Review findings
A national remittance business engaged KordaMentha for ongoing and sustainable support to develop and uplift their AML/CTF capability and capacity. This included tailor-made deliverables addressing recommendations arising from their AML/CTF Independent Review.
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Developing ongoing AML/CTF maturity
An Australian Wealth Management business have engaged KordaMentha’s Compliance Counsel membership for the third consecutive year. The major deliverable was to focus on assisting the client with their response to a scheduled AML/CTF Group Audit.
The Compliance Counsel model provides us with a consistent, strategic approach to uplifting our AML/CTF capability on several levels.
