Should I DIY, hire help, or buy software?
There's no single right answer to DIY versus software versus consultant — the right choice depends on your size, risk profile, and how much ongoing time you can realistically dedicate. Here's how to match your situation to a model.
Last updated 13 July 2026
Sound familiar?
- Every option seems reasonable in isolation and you don't know how to weigh them against your specific situation.
- You're worried DIY means non-compliance, but a consultant seems disproportionate for a small operation.
- Nobody has laid out clear criteria for when each option makes sense.
DIY suits you if...
- You're a sole practitioner or small team with straightforward, lower-risk clients
- You have a few hours to a day to dedicate to setup, and can maintain records going forward
- Your service mix maps cleanly onto one or two designated services, not a complex multi-entity structure
Software suits you if...
- You want ongoing structure — reminders, registers, and document generation — without hiring anyone
- You have some budget for an ongoing subscription but limited time for manual admin
- You want an audit trail that's easy to produce if AUSTRAC or a client ever asks
A consultant or law firm suits you if...
- You deal with higher-risk clients (overseas beneficial owners, cash-heavy transactions, complex trusts)
- You operate across multiple related entities or a franchise/network structure
- You want a second opinion or sign-off on your risk assessment from someone with AML/CTF specialisation
These aren't mutually exclusive
Many businesses mix models — building the initial program with software, then engaging a consultant for a one-off review of the risk assessment, or using DIY templates but paying for the independent evaluation required every three years by someone qualified.
Coming soon
DIY vs Consultant vs Software Decision Wizard
This interactive tool isn't built yet (planned component: SolutionDecisionWizard). Check back soon, or read the guidance above in the meantime.
Where this leaves you
A clear, defensible choice of delivery model, matched to your size, risk, and available time rather than picked at random.
Leaning toward software? See what's actually available in Australia →
Which software supports Tranche 2? →A lightweight AML platform, built exclusively for Tranche 2
Get AUSTRAC's mandates done as fast and effortless as possible.
- Built around AUSTRAC's actual requirements
- Single maintained compliance file
- No compliance expertise required
- 25 minute initial compliance setup
- Obligations calendar & reminders
- Instant data export
This is general information, not legal advice. Always verify current requirements on the AUSTRAC website or seek professional advice for your specific situation.