Kit Legal launches AML/CTF solution for advice firms

Kit Legal has launched a new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) subscription and implementation package, designed to give financial advisers, accountants and law firms greater clarity and confidence about, and a seamless way to manage, their AML obligations.

Reflecting Kit Legal’s commitment to accessible and practical legal advice and compliance, the offering combines state-of-the-art technology with clear and simplified guidance to make a complex regulatory area easier to navigate, at a price even the smallest of businesses can afford.

Catherine Evans, Kit Legal founder and head of legal, said: “AML can feel like a maze, especially when you’re trying to run a business at the same time. Expectations are increasing, regulatory shifts are accelerating, and many firms are struggling to try and navigate this on their own or turning to expensive consultants.

“Our goal is to make AML something they can approach with clarity and confidence, knowing the framework is up to date, easy to manage and they have the right support.”

The AML/CTF subscription and implementation package comes at a time when regulatory pressure surrounding AML/CTF compliance is intensifying, and not just for the traditional reporting entities. With the Tranche 2 reforms coming into force from 31 March 2026, AUSTRAC has signalled stronger expectations regarding governance and compliance obligations.

Tranche 2 will extend AML/CTF obligations to accountants, lawyers, real estate agents and property developers (amongst others), and their institutional partners are already looking for stronger evidence of AML maturity. This is leaving many firms uncertain and unprepared about what their obligations are and generating a sense of urgency to fully understand their responsibilities and how they will be managed in this complex regulatory space.

Kit Legal’s AML/CTF framework has been designed to scale with different business structures and operating models. Each AML/CTF framework includes a fully customised AML/CTF risk assessment, tailored policies and procedures, and a comprehensive suite of dynamic controls, including task lists that ensure obligations are not missed, as well as declarations, registers, and reporting tools.

To assist with education, the framework also includes training modules, checklists, guides, and templates that are all maintained by Kit Legal as legislation and AUSTRAC guidance evolves.

This launch continues Kit Legal’s longstanding commitment to cutting through compliance mythology and delivering commonsense solutions.

Since 2017, Kit Legal has been dedicated to providing specialised expertise to ASIC- and AUSTRAC-regulated industries, particularly financial planners, wealth advisers, investment and corporate advisers and wholesale funds. The team’s focus is unwavering; they drill down deep into the issues these businesses face, ensuring clients can navigate their regulatory obligations whilst still achieving their commercial objectives.

Established to address a specific need for client-centric legal compliance expertise, Kit Legal has developed a tailored software platform designed for AFSL holders and professional services firms soon to be regulated by AUSTRAC to enable the efficient delivery of this service. It offers unique billing and client engagement models, providing flexibility and certainty, and operates with a remote team leveraging technology to serve clients across Australia’s major cities and regional areas.

At its core, the AML offering is another expression of Kit Legal’s purpose-driven model; pairing practical legal expertise with smart, scalable technology so that good businesses can do the right thing without drowning in red tape.

Evans concluded, “We know the industry is facing meaningful change, and our focus is on doing everything we can to help firms get in front of it.

“If we can give businesses the tools, clarity and support they need early before the pressure hits, then we’re doing our job.”

Nicholas Way

Nicholas Way is a contributing editor at The Inside Adviser and has covered business, retirement, politics, human resources and personal investment over a 50-year career.