The New Anti-Money Laundering Counter Terrorism Financing Laws in Australia eBk

The New Anti-Money Laundering Counter Terrorism Financing Laws in Australia eBk

By James O'Donovan

eBook - ProView

$199.00* RRP

Forthcoming Release, 20/12/2025

Code: 9780455503912

Lawbook Co., AUSTRALIA

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Available Formats

Format Title Date Code Price
Book+eBook The New Anti-Money Laundering & Counter Terrorism Financing Laws in Australia Bk/Ebk 20/12/2025 43515488 $258.70 Pre-order
Book The New Anti-Money Laundering Counter Terrorism Financing Laws in Australia 20/12/2025 9780455503905 $199.00 Pre-order
eBook - ProView The New Anti-Money Laundering Counter Terrorism Financing Laws in Australia eBk 20/12/2025 9780455503912 $199.00 Pre-order

Description

From 1 July 2026, all lawyers and accountants, sole practitioners, medium and large firms will be subject to the new Anti-Money Laundering and Counter Terrorism Financing laws in Australia (tranche 2 reforms).
 
There are six new obligations that will apply:
 
1.        AUSTRAC enrolment
 
2.       Your own AML/CTF program including risk assessments, policies and staff training all tailored to your practice
 
3.      An AML/CTF Compliance Officer appointment to oversee AML/CTF policy and updates operation
 
4.      Customer Due Diligence – initial, ongoing and enhanced
 
5.       Mandatory reporting– threshold transactions, suspicious matters, international transfers
 
6.       Record keeping
 
 
Your clients are equally affected, including real estate agents, developers, and precious metal dealers, all of whom fall under these requirements. When questions arise about their compliance obligations, they will look to you for answers.
 
Enforcement measures for money laundering violations range from imprisonment to substantial fines and civil penalties. Perhaps more damaging is the reputational fallout, which could permanently derail careers. Notably, AUSTRAC has announced its intention to shift focus from corporate liability to individual accountability in tackling money laundering offenses.
 
This book provides guidance on the new obligations, including how to comply, protect your practice, and advise your clients.
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Pre-order: This item will be available on: 20 Dec 2025

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