So, you need to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and associated Rules? We can help.
Anti-Money Laundering legal assessment
We can advise you on what you need to do to comply with your anti-money laundering and counter-terrorism financing requirements. Typical situations that trigger this type of advice are:
- If you're establishing your business in Australia and it involves providing a designated service (eg. managed funds, forex businesses, securities or derivatives dealers or traders, insurance companies or other financial services institutions);
- Your business is offering a new service that involves moving money around;
- You are not sure whether you're complying with your obligations and you have never sought legal assistance in reviewing your AML/CTF processes;
- You have had a visit from the government regulator, AUSTRAC, and you need to implement certain policies and processes; or
- You would like a Part A audit (see below).
AML Programs, Policies and Procedures
We can help you develop an Anti-Money Laundering program, as required by law for all business caught by the AML-CTF Act 2006.
If you already report to AUSTRAC, we can assist you in developing policies and procedures to complement your existing policies.
Free AML/CTF updates
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Anti-Money Laundering and Financial Planning
If you're a financial planner, you may be asking yourself:
- What is money laundering, how does it occur and what is my role as a financial services adviser in stopping it?
- What impact will the mooted changes have on my business?
- What additional compliance measures will I need to put into place?
- Will I need to incur significant expense, over and above what I have recently incurred to comply with the new FSR regime?
If you'd like an answer to these questions, then download an AML article that was written by Grant Holley, partner of Holley Nethercote.
Independent review of your Part A Program
We can perform an independent external review of Part A of your Anti-Money Laundering and Counter-Terrorism Financing Program. Our review service meets the requirements under Part 8.6 of the Anti-Money Laundering and Counter-Terrorism Financing Rules. We have reviewed small money remittance providers through to some of the worlds largest foreign exchange dealers.
Contact Us
Contact us with your AML inquiry.
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