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Paddy Oliver leads the team at AML Experts. Paddy has extensive experience as a lawyer and compliance management consultant. Importantly for you, he is an experienced Independent Reviewer and Auditor. That means AML Experts is your one-stop-shop for AML Act and AUSTRAC compliance. Paddy can be contacted here.
Recent AML Insights
Browse our blog for the latest opinion and resources for business leaders.
AML/CTF Amendment Act 2024 -Exposure Rules – Initial CDD – Legal or official documentation
AML/CTF Amendment Act 2024 -Exposure Rules – Initial CDD – Legal or official documentation “Modernisation & Simplification” (cough). Draft Rule 27 – Additional matters for initial customer due diligence – will require a reporting entity “to establish on reasonable grounds the following”: “For any customer other than an individual acting on their own behalf or […]
AML/CTF Amendment Act 2024 – Proliferation Financing & The Exception
AML/CTF Amendment Act 2024 – Proliferation Financing & The Exception A quick look at Section 26F(11) – An Exception, or is it? Section 26F(11) states: Exception 26F (11) Despite subsection (1) (AML/CTF Policies), a reporting entity is not required to develop or maintain policies, procedures, systems and controls that specifically deal with the risk of […]
AML/CTF Amendment Act 2024 – Starter AML-CTF Programs
AML/CTF Amendment Act 2024 “Modernisation & Simplification” (cough). The AGD has published the government response to the Senate Legal and Constitutional Affairs Legislation Committee report on the AML/CTF Amendment Bill 2024 Yes, a response to a bill that is already in force. Leaving that aside, the response makes interesting reading. It’s mostly self-serving, as you’d […]