Law firms now have anti-money laundering obligations. For most practices this is new ground, and it lands on the people doing conveyancing, corporate work and anything touching the trust account. This training was written for them by AML/CTF practitioners, not adapted from generic overseas material.
Law firms are among the businesses newly brought into Australia's AML/CTF regime. If your practice acts on property transactions, forms companies or trusts, manages client money through the trust account, or acts on the buying or selling of a business, you are likely to have obligations.
Your firm needs a risk assessment, a program setting out your AML/CTF policies, and the people doing that work need to understand it and know what to escalate to the AML/CTF team. That includes knowing how these duties sit alongside your existing professional obligations, a question your practitioners will ask, and one this training addresses directly.
Completing this training may count towards your CLE/CPD, depending on your admitting authority's requirements. Every completion produces a record showing what was covered, what was asked and how each person answered.
Choose the number of training packs you need, including any governance packs for your AML/CTF Compliance Officers, AML ‘Senior Managers’ and members of your Governing Body. Assign them to your team and see at a glance who has completed their training and who still needs to finish, with reminders to keep everyone on track. Each completion generates a detailed record of the content covered, the questions asked and each person’s answers, ready to provide if your AML/CTF program is reviewed.
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