Flagship AML is practical, risk-based AML/CTF compliance software designed for Australian professional firms and businesses providing newly regulated designated services. It brings beneficial ownership, KYC, ML/TF risk assessment, enhanced due diligence, screening, monitoring, governance and audit-ready reporting together in one structured platform.
Whether you are a law firm, accountant, conveyancer, real estate professional, buyer’s agent, trust and company service provider, jeweller or precious-metals dealer, Flagship AML helps turn your AML/CTF program into daily workflows your team can understand and apply.
Designed by lawyers, Flagship AML supports professional judgment, privacy-conscious customer verification, defensible senior manager decisions and clear compliance records - without enterprise complexity.
If you are a sole practitioner, micro firm or independent practice, start with why Flagship AML is designed for small and independent firms.
AML/CTF compliance is now part of professional practice
Australia’s AML/CTF regime now applies to designated services provided by law firms, accountants, conveyancers, real estate professionals, trust and company service providers and dealers in precious metals, stones and products. Being part of one of these industries does not automatically make every activity regulated, but businesses that provide designated services must operationalise customer due diligence, risk assessment, governance, reporting and record-keeping obligations.
For smaller professional firms, the challenge is rarely a lack of intelligence or integrity. It is turning a detailed AML/CTF program into repeatable work that busy people can complete consistently. Flagship AML provides a structured, end-to-end compliance platform designed around the way Australian professionals actually open files, identify clients, assess risk, escalate concerns and record decisions.
The result is a practical compliance system that supports professional judgment rather than replacing it. Your team remains responsible for the decisions. Flagship AML helps ensure those decisions are informed, documented, reviewable and ready to explain.
One platform for the complete customer risk lifecycle
Flagship AML connects beneficial ownership, KYC, screening, ML/TF risk assessment, enhanced due diligence, senior manager approval and ongoing monitoring in one workflow. Information is captured once and carried through the customer file so your firm can understand not only who the client says they are, but who ultimately owns or controls them, what risks the relationship presents and what controls are required.
The platform supports multiple customer types, including individuals, companies, trusts, partnerships, listed entities and other legal arrangements. It provides structured pathways for manual and electronic identity verification, politically exposed person and sanctions screening, source of funds and source of wealth enquiries, high-risk escalation and risk-based review scheduling.
When risk is elevated, Flagship AML supports enhanced due diligence and senior manager decision-making. Key approvals, reasons, conditions and monitoring decisions are recorded so the firm can demonstrate how it considered and managed the risk rather than relying on an undocumented conversation or an isolated identity check.
Built for audit readiness and defensible decisions
AML/CTF compliance is not complete merely because a box was ticked. A firm must be able to show what it knew, what it assessed, what it decided, who approved the decision and what happened next. Flagship AML creates audit-ready reports and a clear compliance history across the customer and engagement lifecycle.
Structured monitoring tasks help firms review customers at intervals that reflect their risk. KYC information can be updated, changing circumstances can be considered and unusual conduct can be escalated. The platform also supports the internal identification and recording of matters that may require a suspicious matter report or threshold transaction report, while the reporting entity retains control of any report lodged through AUSTRAC Online.
A written AML/CTF program and staff training are essential, but they must be reflected in daily conduct. Flagship AML helps staff apply the firm’s procedures consistently, recognise escalation points and create records that allow the compliance officer, senior manager and governing body to oversee the program with confidence.
Explore AML/CTF software for your industry
Law firms
Risk-based AML software for legal practices, conveyancing, business transactions, trust money and complex client structures.
Explore AML software for law firms →
Accountants
AML workflows for company and trust formation, business transactions, ownership structures and ongoing professional relationships.
Explore AML/CTF compliance software for accountants →
Real estate professionals
Practical KYC, risk assessment and monitoring for real estate agents, buyer’s agents, property advisors and direct-selling developers.
Explore AML software for real estate agents →
Buyer’s agents
Fast client onboarding, source of funds enquiries and beneficial ownership for property acquisition mandates.
Explore AML/CTF software for buyer’s agents →
Conveyancers
Efficient AML compliance for high-volume property files and time-sensitive settlements.
Explore AML compliance for conveyancers →
Trust and company service providers
Advanced beneficial ownership tracing, control analysis, KYC, EDD and governance for complex structures.
Explore beneficial ownership software for trust and company service providers →
Jewellers and precious-metals dealers
Customer and transaction workflows for regulated high-value cash and virtual asset transactions.
Explore AML software for jewellers and precious-metals dealers →Frequently asked questions
Who must comply with Australia’s AML/CTF laws?
AML/CTF obligations apply to businesses that provide a designated service with the required geographical link to Australia. A business is not automatically regulated merely because it is a law firm, accounting practice, real estate business, conveyancer, jeweller or trust and company service provider. The services it provides determine whether the obligations apply.
What does AML/CTF software need to do?
Effective AML/CTF software should support the full risk lifecycle: onboarding, beneficial ownership, customer identification and verification, screening, ML/TF risk assessment, enhanced due diligence, senior manager escalation, monitoring, reporting support and reliable record keeping.
Is an electronic identity check enough for AML/CTF compliance?
No. Identity verification is one part of customer due diligence. A reporting entity may also need to identify beneficial owners, understand the purpose and nature of the relationship, assess ML/TF risk, screen relevant people, conduct enhanced due diligence and monitor the relationship over time.
Does Flagship AML make compliance decisions for the subscriber?
No. Flagship AML structures information and supports consistent decision-making, but the subscriber retains professional judgment and responsibility. The platform records the basis, outcome and approval of key decisions so they can be reviewed and defended.
How does Flagship AML support audit readiness?
Flagship AML creates structured customer, risk, KYC, EDD, monitoring and approval records. It produces reports and a clear audit trail showing who completed each step, what information was considered, what decision was made and what controls or follow-up actions were selected.
Does Flagship AML support SMRs and TTRs?
Flagship AML supports internal identification, escalation, decision recording and preparation for suspicious matter reports and threshold transaction reports. The reporting entity remains responsible for determining whether a report is required and lodging it through AUSTRAC Online within the required timeframe.
Ready to operationalise AML/CTF compliance?
Contact us for a free trial or view our transparent pricing for small and growing firms.
Flagship AML provides software and practical compliance workflows. It does not provide legal advice. Businesses should consider their own circumstances and obtain professional advice where required.