Navigating Australia's AMLCTF Reforms: First principles and guiding considerations to comply with Australia's new Anti-Money Laundering & Counter Terrorism Financing Act for Legal and Accounting Professionals

Duration: 60 mins

Time: 11am AWST (Perth) | 1pm AEST (Brisbane) | 2pm AEDT (Sydney) 

This is part A of a two-part webinar exploring the intricacies and nuances that lawyers and accountants must adhere to under the updated Anti-Money Laundering and Counter-Terrorism Act.

The new requirements for tranche two entities are all-encompassing, and our team at iManage believes breaking the information into two digestible webinars will help the community navigate these upcoming changes.

Part A is a 60-minute webinar covering the following topics:

1. An overview of the new AMLCTF rules in Australia: What does money laundering look like, and why are the reforms happening? Why are lawyers and accountants coming under the regime?

2. How to adopt a risk-based approach: What is the framework for performing an effective risk assessment? What are the key issues or areas of your business that need to be reviewed?

3. How does client due diligence and Know Your Client ("KYC") fall within your risk assessment?

4. How technological solutions can aid compliance with the Act.

5. Q&A: Come prepared with questions.