Anti-Money Laundering & Corruption

Anti-money laundering and counter-terrorism financing (CTF) is a key businesses risk area. AUSTRAC is increasing enforcement in the area. Compliance with AML/CTF legislative obligations is important to avoid regulatory enforcement, criminal prosecution and negative publicity. AML and CTF affects industries both within and beyond the financial services sector hence, AML is a major risk for regulated companies.

Our AML and CTF experts possess the skills and expertise required to advise on complex compliance issues, both proactively and reactively. A number of our lawyers have unique hands-on experience having held external positions such as a certified AUSTRAC external auditor under the previous regime conducting a significant number of independent audits of reporting entities’ AML/CTF Programs. We assist in developing policies and procedures to ensure compliance with AML/CTF laws and compliant AML/CTF programs.

We provide advice on the reporting and disclosure obligations under the AML/CTF laws, as well as advice on whether your business is a reporting entity under the legislation. We assist clients register with AUSTRAC as remittance dealers and digital currency exchanges. We regularly provide training to compliance staff and other personnel on AML/CTF obligations, as well as recent changes to the regulatory environment.