---
title: When should I review my AML Program?
description: "When should I review my AML Program - Mandatory annual review: Set a recurring calendar reminder each year Review should be completed by the same date annually."
---

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# When should I review my AML Program?

## A mandatory annual review by the same date each year, plus event-triggered reviews - all documented.

**Mandatory annual review:**

- Set a recurring calendar reminder each year
- Review should be completed by the same date annually
- Document your review with date and findings

**Immediate review required when:**

- Significant business changes occur (new products, services, or delivery channels)
- You enter new geographic markets
- Your customer base changes substantially
- You identify new ML/TF risks
- Regulatory requirements change
- AUSTRAC releases sector-specific guidance
- Your business structure changes (mergers, acquisitions, restructuring)
- You experience suspicious activity patterns

**Best practice triggers:**

- Major staffing changes in compliance roles
- Changes to transaction volumes or types
- Introduction of new technology platforms
- Feedback from internal or external audits
- Industry-wide risk alerts from AUSTRAC

**Mandatory Independent Review:**

- Every three years your program must be reviewed by an independent third party
- This is a legal requirement under the AML/CTF Act to ensure your program remains effective and compliant
- Independent reviewers provide objective assessment of your controls, identify gaps, and recommend improvements
- The review verifies that your documented procedures match actual business practices
- easyAML can help arrange this review for you with qualified compliance professionals

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