AML Risk Assessment Software
Smart Risk Assessment
Confident compliance starts with understanding your risk
Every business is different, and under Tranche 2, AML/CTF compliance must follow a risk-based approach. That means assessing your specific exposure to money laundering and terrorism financing risks — then putting appropriate measures in place.
Our smart risk engine makes this easy. In just a few clicks, you’ll get a clear, tailored risk profile and actionable next steps to keep you moving forward.
How does smart risk scoring help with AML/CTF compliance?
easyAML supports your risk-based approach by:
- Identifying key areas of exposure across your business
- Suggesting control measures that match your risk profile
- Generating audit-ready outputs that align with AUSTRAC’s expectations
This approach keeps your AML/CTF program practical, thorough and compliant – focused on what matters most.
What goes into your risk score?
Your risk score is the foundation of your AML/CTF compliance program. easyAML uses smart risk assessment to automatically calculate this score based on the specific risks your business faces.
easyAML supports your risk-based approach by:
| Key Inputs | What the engine considers |
| Customer Type | Individual, company, trust, PEP, etc. |
| Business Geography | Local or international clients; high-risk jurisdictions |
| Sanctions Screening | Matches against global watchlists and PEP databases |
| Products & Services | Nature and complexity of services provided |
| Transaction Patterns | Volume, frequency and types of activity |
What do you get out of it?
Your risk score doesn’t just sit in a report. easyAML turns it into clear, practical outputs that guide your next steps and help you stay compliant with confidence.
| Key Outputs | How they help you stay compliant |
| Risk Rating (Low/Med/High) | Tailors your AML/CTF program based on exposure |
| Suggested Controls | Aligned with AUSTRAC guidance and your risk level |
| Risk Register | Automatically updated and exportable |
| Clear Compliance Roadmap | Know exactly what steps to take next |
ID verification, monitoring and reporting in one place
Your risk score drives essential compliance tasks in easyAML. Together, these features provide a complete solution to meet your Tranche 2 AML/CTF obligations from start to finish:
Digital ID Verification
We start by verifying each client’s identity — a key input for assessing risk. By confirming who you're dealing with upfront, easyAML builds an accurate risk profile from day one. This helps you meet your due diligence obligations and reduces the chance of onboarding sanctioned or fraudulent clients.
Ongoing Monitoring
Smart risk assessment isn’t a one-time task. easyAML continually monitors client behaviour and transaction patterns, automatically updating risk scores as new data emerges. This dynamic assessment helps you identify red flags early and stay aligned with regulations across the entire client lifecycle.
Suspicious Matter Reporting
When our risk engine detects suspicious activity, easyAML streamlines your next steps. You’ll receive clear alerts and guidance to help you prepare and submit Suspicious Matter Reports (SMRs) to AUSTRAC — accurately and on time. This removes uncertainty and supports your legal reporting duties.
Record Keeping
Maintaining detailed and secure records supports your risk assessments by providing a clear audit trail. Our platform keeps your documentation organised and audit-ready, so you can clearly demonstrate your efforts whenever needed.
Why use easyAML for smart risk assessment?
Protect your business from risk
easyAML helps you meet your obligations under the AML/CTF Act by guiding you through a structured, risk-based approach. With automated assessments and built-in checks, you reduce the chance of breaches — and the penalties that come with them.
Avoid costly enforcement actions
With smart scoring and real-time monitoring, easyAML helps you catch issues early — before they become expensive problems. This AML risk assessment solution helps you meet AUSTRAC requirements while safeguarding your business from legal and financial setbacks.
Reputational risks
In trust-based industries like real estate, legal and financial services, being publicly named for non-compliance can damage hard-earned relationships and credibility. One slip-up can have lasting consequences. easyAML helps you stay ahead of your risks and avoid public enforcement outcomes that could damage your credibility with clients, partners and regulators.
Take charge of compliance with easyAML
Our all-in-one solution makes managing risk-based AML obligations simple. easyAML’s smart risk scoring shows you your current status and guides your next steps, helping to keep your business secure and on track with regulatory requirements.
FAQs
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How does AML risk management work?
AML risk management is all about understanding your exposure and putting controls in place to reduce it. That means verifying client identities, monitoring transactions and adjusting for changes over time. With the right solution, managing your risks simply becomes part of everyday business as usual.
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What does “risk-based AML compliance” mean under Tranche 2?
Risk-based AML compliance under Tranche 2 means tailoring your anti-money laundering efforts to the specific risks your business faces. This approach helps you focus on higher-risk areas while meeting legal requirements efficiently. If you’re unsure whether it applies to you, our team can help you get clarity.
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Do I need to do a risk assessment for every client?
Yes. Every new client should be assessed individually to understand their level of risk. This helps you apply the right level of due diligence and keeps your AML/CTF program aligned with AUSTRAC expectations. It’s a practical way to stay protected and demonstrate a risk-based approach from the start.
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How often should I update my AML risk assessment?
Risk assessments shouldn’t be a set-and-forget task. You should review them regularly – especially when laws change, you launch new services or client behaviour shifts. easyAML’s tailored approach fits your industry’s specific needs, and pricing includes more than just ID checks, unlike many providers who focus only on customer due diligence. This supports an AML program that evolves with your business and meets regulatory expectations.
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How does client geography impact my AML risk?
Where your client is based can significantly affect risk. Clients from high-risk jurisdictions, tax havens or sanctioned countries are subject to more scrutiny. Geography can also influence transaction patterns and regulatory exposure, so it’s an important input in your overall risk profile.
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How can I prove I’ve done a risk assessment correctly?
Keep a clear and well-documented record of your risk assessments, including client data, risk ratings and the reasoning behind decisions. Using a solution like easyAML helps standardise the process and generates audit-ready logs that show you’ve followed AUSTRAC-aligned procedures.