Australia’s anti-money laundering laws are set out in a complex patchwork of Federal Government legislation.
The impact on the financial services sector of these laws is significant and requires legal experts with an in-depth knowledge of the legislation and the agility and imagination to help clients meet their obligations.
Our financial services experts advise clients in a range of industries on the implications of Australia’s anti-money laundering and counter-terrorist financing (AML/CTF) laws. We assist a wide range of financial institutions to prioritise compliance arrangements, develop and implement programs and amend standard terms and conditions to comply with legislation. We also provide advice on the implications of AML/CTF laws on third-party arrangements.
Our clients include banks, building societies, credit unions, non-bank lenders, debit card issuers, insurers, custodians, responsible entities, stock brokers, foreign currency dealers and gaming machine operators.
We regularly develop training programs and workshops for employees and advise on customer and employee due diligence.
Compliance in this area will continue to grow in importance and complexity in an increasingly global financial sector.