The FinCrime Connection

Author: Jade ThirdEye

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Beyond compliance: What effective AML really means, ANZ, Feb 2026
Episode 47
Tuesday, 24 February, 2026

Australia's AML/CTF reform deadlines are approaching fast. 31 March for existing reporting entities and Tranche 2 enrolment. 1 July when Tranche 2 obligations take effect. But meeting these dates isn't about achieving perfection—it's about having an effective programme in place and demonstrating genuine progress. In this episode, Jing Zhang and Colin Dixon explore what AUSTRAC really means by "effective, risk-based, and outcomes-focused" compliance. Using practical transaction monitoring examples, Colin breaks down the difference between ticking compliance boxes and genuinely preventing financial crime. Key topics covered: • Critical deadlines for Tranche 2 and existing reporting entities • How to use AUSTRAC's starter kits and guidance effectively • What risk-based, effective, and outcomes-focused really mean in practice • Practical transaction monitoring: the cash example • How to tune rules to reduce noise and uncover real threats • Why analyst capability and capacity matter as much as your controls The reforms are an opportunity to build programmes that genuinely protect our communities. That starts with understanding what effectiveness really means. Read the full blog post: https://jadethirdeye.com/view/beyond-compliance-what-effective-aml-means/ AUSTRAC reforms guidance: https://www.austrac.gov.au/amlctf-reform/reforms-guidance About ThirdEye: ThirdEye is a complete AML compliance platform designed for financial institutions in Australia, New Zealand, and the UK. We help organisations build effective, risk-based financial crime programmes that protect communities while meeting regulatory requirements. Learn more: https://jadethirdeye.com #AML #FinancialCrime #Compliance #AUSTRAC #AMLReforms #RiskManagement #TransactionMonitoring #FinCrime #RegTech