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Wemara AML Outsourcing
Clear, cost-effective compliance for AML/CTF compliance.
Done for You AML/CTF Compliance for Australian Businesses
Australia's AML/CTF Tranche 2 reforms will require approximately 70,000-90,000 additional businesses across the legal, accounting, real estate, and other sectors to comply with regulations by July 2026. At Outsource Compliance BPO, we transform these complex requirements into transparent, manageable processes that protect your business without disrupting your core operations.
Key Benefits
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Regulatory Expertise You Can Trust
Our specialists are dedicated exclusively to Australian AML/CTF regulations, providing you with the confidence that your compliance program meets all AUSTRAC requirements.
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Cost-Effective Compliance
Save significantly compared to in-house implementation, which is estimated to cost the accounting sector alone AUD $2.88 billion. Our offshore delivery model offers substantial savings while maintaining complete compliance integrity.
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Seamless Integration
We design compliance processes that integrate smoothly with your existing workflows, minimising disruption to your client relationships and core business activities.
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Peace of Mind
Sleep soundly knowing your AML/CTF compliance is handled by specialists who understand both the letter and spirit of the regulations, protecting you from penalties and reputational damage.
Our Services
- AML/CTF Program Development: Custom-built compliance programs tailored to your specific business
- Customer Due Diligence: Expert verification and screening processes
- Transaction Monitoring: Ongoing surveillance and alert management
- Suspicious Matter Reporting: Professional support for regulatory reporting obligations
- Record-Keeping & Documentation: Comprehensive compliance documentation management
Who We Serve
- Legal Professionals: Law firms and conveyancers involved in financial transactions
- Accounting Services: Accounting firms providing designated services
- Real Estate: Agencies, buyers' agents, and property developers
- Trust & Company Service Providers: Professionals managing corporate structures
- Dealers in Precious Metals & Stones: High-value goods retailers
- Virtual Asset Service Providers: Crypto-asset businesses
The Philippines: Our Secure Outsourcing Destination of Choice
We've strategically established our operations in the Philippines, recognised globally as a premier destination for compliance outsourcing services. Our choice offers Australian businesses unique advantages:
Data Security and Confidentiality
Our Philippine delivery centre maintains rigorous security protocols that meet international standards, ensuring your sensitive compliance data remains protected. All staff undergo comprehensive background checks and regular security training.
English Proficiency
Our team members are fluent English speakers with excellent communication skills, ensuring clear, effective engagement with both your team and your clients when necessary.
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FAQ
What are the key compliance requirements under Tranche 2?
Businesses must develop an AML/CTF Program, implement customer due diligence processes, report suspicious transactions, maintain comprehensive records, and establish governance frameworks. The specific requirements vary by sector, but all newly regulated entities must enroll with AUSTRAC by 31 March 2026.
How much will compliance cost my business?
In-house implementation costs vary significantly based on business size and complexity, but industry estimates suggest figures ranging from $50,000 for small practices to over $250,000 for larger firms. Our outsourced model typically reduces these costs by 50-70% while ensuring full regulatory compliance.
Can we handle compliance in-house?
While possible, in-house compliance requires significant expertise, systems, and ongoing resource commitment. Most newly regulated businesses lack the specialised knowledge needed for effective AML/CTF compliance, making outsourcing a cost-effective alternative that reduces compliance risks.
What makes your Philippine operations different from other outsourcing providers?
Our teams focus exclusively on Australian AML/CTF compliance, with specialised training in AUSTRAC requirements and Australian business practices. Unlike general BPO providers, we offer dedicated compliance specialists who work as an extension of your team, not just as a transactional service.
How will outsourcing affect our client relationships?
We design our processes to be minimally intrusive while meeting regulatory requirements. Our teams operate as an extension of your business, with client communications handled according to your preferences. Many clients appreciate the professional approach to compliance, which demonstrates your commitment to regulatory standards.
What happens if AUSTRAC changes the requirements before implementation?
Our service includes ongoing regulatory monitoring and program updates. If AUSTRAC modifies requirements during the consultation period throughout 2025, we will automatically adjust your compliance program to ensure it remains fully compliant with the latest guidance.