KordaMentha and LAB Group forge strategic partnership to deliver turnkey AML/CTF managed services
Melbourne, Australia — 30, June 2025
This collaboration responds to increasing demand from Australia’s evolving financial services regulatory ecosystem along with entities impacted by upcoming Tranche 2 AML/CTF reforms, including real estate agencies, legal practices, and accountancy firms. The partnership aims to simplify compliance by offering a comprehensive, technology-enabled managed service spanning customer onboarding, verification, enhanced due diligence and regulatory reporting.
Under this partnership, LAB Group will provide access to its advanced digital onboarding and verification platform, while KordaMentha will deliver trained personnel to manage ongoing AML/CTF obligations. This scalable solution empowers organisations to meet evolving compliance requirements efficiently and cost-effectively. The partnership will help underpin and scale further use cases supported by LAB technology such as other forms of customer lifecycle engagements and remediations.
Nick Boudrie, CEO LAB Group said: “Customers have difficulty scaling business process operations, especially with the changing landscape of AML requirements and operating models as businesses execute their digital transformations. Packaging LAB into a combined service with KordaMentha allows businesses of all sizes to leverage centralised cost efficiency across our network. We’re excited to bring to market a truly integrated AML/CTF solution that blends technology with operations and expert advisory.”
Alice Saveneh-Murray, Partner, Financial Crime & Implementation Services, KordaMentha said: “This partnership reflects another exciting step for KordaMentha Implementation Services and reinforces our commitment to developing local AML/CTF capability. By combining LAB Group’s advanced technology with our skilled personnel, clients are able to access enterprise grade solutions in a flexible and scalable way that adapts to their unique compliance needs. It’s a model that not only helps Australian Reporting Entities uplift regulatory compliance standards, but also attracts new entrants to the financial crime fighting talent pool, which will deliver high-impact outcomes across a range of industries. We’re proud to be driving innovation in this space and helping clients navigate change with confidence.”
Joint Offering Highlights
- Packaged service combining LAB solutions and KordaMentha’s operational expertise that will use the LAB Portal for AML operations management
- Offered to existing AML/CTF-regulated entities and new Tranche 2 entities
- Support for onboarding, remediation and other customer lifecycle AML compliance events
- Businesses have the option to leverage external AML support and service personnel as part of their operating model, in full or hybrid, for case management in the LAB Portal.
About LAB Group Services Pty Ltd
LAB Group is a pioneering regulatory technology company revolutionising customer lifecycle management through its innovative digital engagement and KYC verification solutions. Founded in 2010, LAB provides comprehensive services that seamlessly integrate AML/CTF compliance, enhanced customer due diligence, and automated fulfillment. LAB technology has facilitated millions of consumer engagements across over 15 industry verticals and serves over half of the world’s top ten global Asset Managers.
As a leader in secure customer onboarding, engagement and verification, LAB technology orchestrates digital client acquisition, corporate and identity verification, data capture workflow management, risk assessment, fraud protection, periodic reviews, perpetual KYC, PEP/Sanction and adverse media screening and other regulatory and compliance needs into a modular solution.
LAB’s sector-agnostic integrations and data automation capabilities help businesses adapt to evolving governance, risk and compliance regulations while meeting best of breed customer experience expectations. Headquartered in Melbourne, Australia and with a global presence across APAC, Europe, and the UK, LAB continues to shape technology solutions in an increasingly complex regulatory landscape.
About KordaMentha Implementation Services
KordaMentha’s Implementation Services division is a specialist consulting practice within KordaMentha Pty Ltd, providing hands-on, technology-agnostic operational support to businesses navigating complex change, regulatory reform, and risk mitigation programs.
With offices in Melbourne, Auckland and Swinburne University the team is equipped to deploy diverse, highly skilled and locally embedded resources tailored to the specific needs of each engagement. Implementation Services is supported by KordaMentha’s Financial Crime Advisory experts, who bring deep domain knowledge in financial crime risk management, and regulatory compliance.
https://kordamentha.com/implementation-services
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