Accountants & Auditors — Client Funds & Entity Formation
ARCaml for accounting & audit: CDD for client money and formations, exportable logs and assurance-friendly outputs.
Accounting & Audit Overview
- Service-line risk profiling
- CDD/EDD/OCDD alignment
- Assurance-friendly outputs
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We’ll provision a sector-ready pack and onboarding checklist tailored to your business.
Accounting & Audit — AUSTRAC flow
Service-line risk, SMRs, 7-year records.
- 1
Enrol & appoint compliance officer
Complete AUSTRAC enrolment and nominate a responsible AML/CTF lead.
- 2
Risk assessment by service line
Assess ML/TF risk for client money handling, entity formation, assurance, and cross-border work.
- 3
AML/CTF Program
Define risk-based controls and detailed CDD procedures including beneficial ownership and PEP screening.
- 4
CDD before engagement
Collect and verify KYC/KYB; resolve discrepancies using reliable and independent sources.
- 5
EDD for higher-risk scenarios
Apply EDD where complex structures/adverse media/PEP exposure exist.
- 6
Ongoing monitoring & refresh
Rescreen and refresh CDD on triggers or per risk cycle; maintain evidence trails.
- 7
SMR reporting
File SMRs for new suspicions; follow AUSTRAC’s guidance on quality and cross-referencing.
- 8
Retention, training, independent review
Keep AML/CTF records 7 years; train staff; schedule independent reviews of Part A proportionate to risk.