Your obligations
Australia's AML/CTF reforms extend obligations to a new set of businesses, known as Tranche 2 reporting entities. RAVEN Compliance helps you understand what applies to you and meet those obligations without needing to be a compliance expert.
Core obligations
Reporting entities are generally expected to:
- Verify customers: confirm who you are dealing with, quickly and consistently.
- Apply due diligence: carry out deeper checks when the level of risk requires it.
- Assess risk: understand and document your exposure, per customer and overall.
- Monitor on an ongoing basis: keep watching for changes in risk over time.
- Keep records: maintain complete, traceable records of decisions.
- Report: produce regulator-ready reporting when required.
How RAVEN helps
RAVEN Compliance turns each obligation into a guided workflow, so the right checks happen at the right time and every decision is recorded.
| Obligation | In RAVEN |
|---|---|
| Customer checks | Verify identity in minutes, not days. |
| Due diligence | Deeper checks with a full audit trail. |
| Risk assessments | Document exposure per customer and overall. |
| Ongoing monitoring | Track changes in risk automatically. |
| Record keeping | Complete, traceable records, retrievable on demand. |
| Reporting | Regulator-ready reports without the spreadsheet scramble. |
The focus is not the legislation itself, it is making compliance simple to do. RAVEN handles the process so your team can focus on your business.