Anti-Money Laundering

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Australia’s anti-money laundering laws are set out in patchwork of legislation, including the Anti-money Laundering and Counter-Terrorism Financial Act 2006 (Cth), the Financial Transactions Reports Act 1988 (Cth), the Charter of the United Nations Act 1945 (Cth) and the Criminal Code Act 1996 (Cth).

McCullough Robertson’s Retail Financial Services Group advises clients in a range of industries on the implications of Australia’s anti-money laundering and counter-terrorist financing (AML/CTF) laws. We have the depth of resources to assist a wide range of clients including: banks, building societies, credit unions and friendly societies, non-bank lenders, debit card issuers, insurers, custodians, responsible entities, stock brokers and foreign currency dealers.

Our lawyers can assist you with:

understanding the AML/CTF laws and prioritising compliance arrangements
developing and implementing AML/CTF programs
amending standard terms and conditions to comply with AML/CTF laws
advising on AML/CTF implications of third-party arrangements
developing training programs, including AML/CTF workshops for employees
advising on customer and employee due diligence.