Law Society unveils AML compliance guide for small firms
Sole practitioners and small law practices in New South Wales can now access a new resource to meet the compliance demands of Australia’s incoming anti-money…
Regulators and peak industry bodies discuss upcoming AML/CTF reforms and how they’ll affect the profession
Regulators and peak industry bodies recently convened at the Banco Court to engage in a informative discussion on the upcoming AML/CTF reforms and how it’ll…
AML/CTF program starter kits now available online
AUSTRAC has developed a legal profession program starter kit to assist practices in preparing for the reforms and it’s now available on its website.
Steps to prepare for AML/CTF reforms
The NSW Law Society has prepared the following list of suggested steps to assist law practices in preparing for the commencement of AML/CTF reforms.
Tranche 2 AML/CTF reforms: navigating proliferation financing
As the commencement of Tranche 2 anti-money laundering and counter-terrorist financing (AML/CTF) obligations edge closer, it is essential that regulated businesses consider financing of proliferation…
AML/CTF reforms on the horizon: what solicitors need to know for their practice
Are you aware of your obligations under the AML/CTF reforms? An expert panel at the upcoming Spec Acc Conference will discuss the reforms, risks and…
AML regulation looms over the profession
Late in 2024, the Australian Federal Parliament passed significant legislative changes that will extend anti-money laundering and counter-terrorism financing regulations over legal services – as…
Top five tips to prepare for AML reforms
Act now and get ahead of the curve: AML/CTF obligations will extend to gatekeeper professions such as lawyers, from 1 July 2026.
AML/CTF legislation passes: What does this mean for lawyers?
Parliament has passed the AML/CTF legislation. So what does this mean for lawyers and where can they go to find more information?
Correlation between money laundering and organised crime under the spotlight
The Australian Institute of Criminology and AUSTRAC have released their latest report showing the close link between organised crime and money laundering and its implications.
Changes to Australia’s AML/CTF legislation are coming: key things to know
Here is what practitioners need to know about the pending changes to anti-money laundering and counter terrorism financing in Australia.