Specialised Risk & Compliance Solutions.
Empowering Businesses Through Regulatory Complexity | CPS 230 | AML/CTF Reforms | FAR Implementation
We deliver strategic Risk & Compliance advisory and consulting services focused on Australia’s financial sector, our tailored solutions help APRA-regulated entities and ASIC-overseen businesses navigate evolving regulatory obligations.
Prudential Standard CPS 230 Operational Risk Management
Scheduled to take effect from 1 July 2025, CPS 230 introduces significant operational risk management requirements for APRA-regulated entities. Specifically, this standard requires organizations to enhance resilience against operational risks and disruptions through comprehensive planning. Furthermore, it mandates the maintenance of critical operations during severe disruption scenarios, ensuring continuity under pressure. Non-Significant Financial Institutions will benefit from an extended 12-month compliance period for certain requirements, providing additional time for implementation. For organizations preparing for implementation, read our quick insights on CPS 230 here, and visit APRA for additional resources here.
Tranche 2 AML/CTF Reforms
The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024, passed in November 2024, significantly extends AML/CTF obligations to ‘Tranche 2’ entities such as lawyers, accountants, and real estate agents. As a result of these legislative changes, new regulations will largely take effect in March 2026. Subsequently, specific obligations for Tranche 2 entities will come into force on July 1, 2026. This expansion will substantially broaden Australia’s financial crime prevention framework, ultimatley enhancing the country’s ability to combat illicit financial activities. Read our compliance guide for Real Estate, Legal, and Accounting Professionals here (3-Minute read).
The Financial Accountability Regime (FAR)
FAR is a significant regulatory framework that came into effect for authorized deposit-taking institutions (ADIs) and their non-operating holding companies (NOHCs) on March 15, 2024. It will extend to insurance entities, their licensed NOHCs, and superannuation trustees on March 15, 2025.
Integrated Risk Management and Compliance Strategies
Simplifying Complexity
Clear Risk and Compliance frameworks that empower better decisions, improve efficiency, and ensure regulatory alignment.
Building Resilience
Tailored Operational Risk solutions that help organisations anticipate risks, recover quickly from disruptions, and maintain operational excellence.
Strengthening Trust
Strategies that align compliance culture with risk management to build trust, uphold ethical standards, and achieve long-term growth.