Insights from our AML Experts

Independent Audit Guidance

Guidance for AML/CFT Programme Audits has been released by the New Zealand Department of Internal Affairs. Whilst not applicable in Australia it is informative with regard to Independent Reviews under AML/CTF Rule 8.6 (or 9.6) subject to the key differences between the two countries respective AML regimes. Guidance download here. Some of the key points: …

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PayPal Notice to Appoint Auditor

AML/CTF Program Governance Raises Its Head Again Like the AfterPay Notice to Appoint an External Auditor, the Notice issued to PayPal takes a little deciphering, especially around the AML/CTF Rule numbers. I understand why the Notices are written in this way as they are for the reporting entity (and the External Auditor): however, only stating …

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AML Program Governance Seminar | Under the Bonnet of the AML Act

Do you want to know more about AML/CTF Program Governance? AML Experts are hosting a seminar on AML/CTF Program governance as part of the Under the Bonnet of the AML Act series. https://www.eventbrite.com.au/e/under-the-bonnet-of-the-aml-act-amlctf-program-governance-registration-66141953363 Governance of an AML/CTF Program has always been important but with AUSTRAC’s greater focus on this area how effective is your AML/CTF …

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Afterpay Notice to Appoint Auditor

The Afterpay Pty Ltd Section 162(2) Notice issued by AUSTRAC on 12th June 2019 is attached. Get reading! For those of us in the AML legal and compliance field, and those in reporting entities, we keenly await these documents to find out what really is at the nub of a matter as press releases are …

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Sect. 41 Suspicious Matter Reporting Obligation Seminar | Under the Bonnet of the AML Act

Do you want to know more about your Suspicious Matter Reporting obligation? AML Experts are hosting a seminar on Sect 41 Reporting Obligations as part of the Under the Bonnet of the AML Act series. https://www.eventbrite.com.au/e/under-the-bonnet-of-the-aml-act-sect-41-what-is-a-suspicious-matter-registration-61858617791 The suspicious matter reporting obligation contained in Sect 41 of the AML Act is well known but frequently misunderstood. …

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Get Under the Bonnet of the AML Act: Seminar Series

Getting Under The Bonnet Of The AML Act Do you want to know more about how the AML Act and AML Rules work in your business? Paddy Oliver will be hosting a series of seminars focusing on the more challenging and problematic areas of the AML Act. Paddy has been working with clients around the …

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KYC and Trusts

Know Your Customer and Trading Trusts

Know Your Customer and Trading Trusts In AML land, specifically around the Customer Identification / Know Your Customer we spend a lot of time talking about trusts and their inner workings. The more I deal with clients’ trust KYC identification issues the more I realised that we in AML land know, and understand, next to …

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Fixed Pricing Benefits Our Client and AML Experts

During a recent post engagement review with a client the subject of pricing was raised. The client stated that they liked the fixed pricing that we offered. Unlike their hourly rate lawyers, our fixed price allowed them to feel free to discuss issues with pressure of being on the clock. A win for our client, and a win for us.

AUSTRAC vrs CBA – the Statement of Agreed Facts & Admissions

AUSTRAC vrs CBA – The statement of agreed facts & admissions Download here. Paddy Oliver’s Presentation on 14th June 2018 Download here.
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