Two weeks is tight but not impossible if you commit a principal's time and use a guided platform rather than building from scratch.
Week one — scope and stand up
- Day 1: Run the risk assessment. Confirm which of your services are designated.
- Day 2: Pick a provider and sign the order form. Schedule onboarding.
- Day 3: Walk through the program builder with the provider's onboarding lead.
- Day 4: Document your business risk assessment (client base, services, channels, jurisdictions).
- Day 5: Approve Part A and Part B. Nominate your AML compliance officer in writing.
Week two — operationalise and train
- Day 6–7: Configure ID verification, screening, and monitoring rules.
- Day 8: Run a test onboarding end-to-end. Capture the audit trail.
- Day 9: Roll out staff training. Capture attestations.
- Day 10: Enrol with AUSTRAC.
- Day 11–14: Tidy documentation, schedule the first independent review, and brief partners.