Your obligations

Australia's AML/CTF reforms extend obligations to a new set of businesses, known as Tranche 2 reporting entities. RAVEN Compliance helps you understand what applies to you and meet those obligations without needing to be a compliance expert.

Core obligations

Reporting entities are generally expected to:

• Verify customers: confirm who you are dealing with, quickly and consistently.
• Apply due diligence: carry out deeper checks when the level of risk requires it.
• Assess risk: understand and document your exposure, per customer and overall.
• Monitor on an ongoing basis: keep watching for changes in risk over time.
• Keep records: maintain complete, traceable records of decisions.
• Report: produce regulator-ready reporting when required.

How RAVEN helps

RAVEN Compliance turns each obligation into a guided workflow, so the right checks happen at the right time and every decision is recorded.

Obligation	In RAVEN
Customer checks	Verify identity in minutes, not days.
Due diligence	Deeper checks with a full audit trail.
Risk assessments	Document exposure per customer and overall.
Ongoing monitoring	Track changes in risk automatically.
Record keeping	Complete, traceable records, retrievable on demand.
Reporting	Regulator-ready reports without the spreadsheet scramble.