CUSTOMER SUCCESS

Compliance in practice

CUSTOMER SUCCESS

Compliance in practice

How DiJones got compliance right before it became urgent

While many agencies took a wait-and-see approach, DiJones built a compliance framework that the whole network can rely on.

Read the DiJones story

MyDataBoss_customersuccess_dij_1

How Owen Hodge turned a compliance deadline into a practice upgrade

A Sydney law firm uses Tranche 2 reform as an opportunity to modernise how it manages client identity, data and risk.

Read the Owen Hodge story

MyDataBoss_customersuccess
My-Databoss-Tranche-2-AML-Whitepaper-thmb2

Whitepaper: Tranche 2 AML/CTF Reform in Australia 

What lawyers, accountants and real estate professionals must know – and how to prepare

The cost of getting it wrong

In Australia, non-compliance penalties can reach $22 million per breach, plus daily penalties of around $18,000. AUSTRAC and FATF expect group-wide consistency and accountability. Recent enforcement actions – including CBA ($700M) and Westpac ($1.3B) – demonstrate the regulator's posture.

Type of Failure

Financial Impact

Late or inaccurate reporting $50K–$200K per breach
System weakness or ongoing failure $1M–$30M+ potential penalties
Severe or systemic non-compliance Business-threatening enforcement

Figures based on current penalty-unit values.

 

In 2023–24, the cost of organised crime to Australia grew to $82.3 billion, a sharp $13.6 billion increase from $68.7 billion the previous year.*

 

Old way
Manual processes and fragmented tools

  • Policy documents in a folder
  • Identity stored in emails
  • Risk in someone’s head
  • Ad hoc monitoring
  • Manual spreadsheet reports
  • Training by word of mouth 

New way
Integrated, end-to-end AML/CTF workflows

  • Live compliance system
  • Verified identity records
  • Documented, scored risk ratings
  • Ongoing alerts and reviews
  • Logged, timestamped reports
  • Recorded, trackable training 

Meet My Data Boss

 

Greta-Menzies-CEO

Greta Menzies


CEO

Greta is an AI and data governance expert with nearly two decades of experience delivering enterprise-scale transformation across finance, government and universities. With a strong track record in machine learning adoption and data strategy, she has led complex programs for major banks, retailers and institutions. At My Databoss, Greta has assembled a high-calibre team to execute on a bold vision: redefining secure data management for the AI era, with a platform built for scale, compliance, and global impact.

James-Murphy-COO

James Murphy


COO

James is a seasoned executive and operations leader with over two decades of experience across financial services, technology and data platforms. As a founding executive and CFO of a high-growth fintech that successfully scaled and exited to an ASX-listed company, he brings deep expertise in SaaS operations, cybersecurity, risk management and compliance. James plays a pivotal role at My Databoss, ensuring the business is built on strong operational foundations and ready to scale with integrity and confidence.

Kelly-Ryan-CGO

Kelly Ryan


CGO

Kelly RyanCGOKelly is a seasoned executive with over 20 years of experience leading major national organisations across the sports, entertainment and real estate sectors. Known for her strategic vision and commercial acumen, she has driven the growth and transformation of high-profile brands through innovation and modernisation. At My Databoss, Kelly leads market expansion and strategic partnerships, ensuring the business continues to deliver game-changing solutions that empower organisations globally.

Enter header text here

Enter some text here for description
 
Feature Title
Feature Description
Feature Name
Feature Name
Feature Name
Feature Name
Feature Name
Feature Name
Feature Name
Feature Name
Feature Name
Feature Name
Feature Name
 
Plan 1
1 User Feature Name
1 User Feature Name
1 User Feature Name
1 User Feature Name
1 User Feature Name
1 User Feature Name
1 User Feature Name
1 User Feature Name
1 User Feature Name
1 User Feature Name
1 User Feature Name
Raji_profile-1

You don’t have to figure this out alone

I'm here to help. Book a complimentary 15-minute AML risk profile assessment and I'll walk you through where your business stands today, what to prioritise and how to operationalise your obligations before 1 July 2026.

– Raji Lal, National Sales Executive

Call: 1300 512 387