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.

Do Australian Law Firms Face Money Laundering Risks? Of Course.

New Zealand lawyers face AML obligations from 1 July 2018, accountants later in the year. Perhaps their Australian colleagues will over the next decade.

AML Lessons for Lawyers from New Zealand

New Zealand lawyers face AML obligations from 1 July 2018, accountants later in the year. Perhaps there Australian colleagues will over the next decade. I was fortunate enough to be on the speaking panel for the Thompson Reuters AML Conference last week in Auckland. Over 70 lawyers, accountants, and other interested people attend this conference to hear from the New Zealand Police FIU, the Department of Internal Affairs (the supervisor), and several AML subject matter experts.

AUSTRAC Beneficial Ownership Factsheet – Devil in the Detail

AUSTRAC recently produced a factsheet entitled “Meeting your Beneficial Ownership Obligations”. It is informative. Well worth reading for all Australian reporting entities, especially the vast majority of reporting entities who struggle with the whole concept of beneficial ownership. It is daunting.

New AML/CTF Rules 2018 – Significant Changes

The much anticipate amendments to the AML/CTF Rules were registered on 11th January. These changes arise out of the the now not so recent Statutory Review. If you would like assistance in understanding and implementing the changes AML Experts are able to assist. New Rules Explanatory Statement

AUSTRAC v CBA – Now for the Defence

AUSTRAC v CBA is again major news. This time it is CBA’s Defence to the AUSTRAC Statement of Claim In this session we will explore CBA’s Defence and how it might impact AML/CTF Programs. We might even stray into the Amended Statement of Claim. As ever, we won’t be commenting on the merits of the claim or any defence, only the allegations as they pertain to alleged breaches of the AML/CTF Act, especially aorund AML/CTF Programs. Paddy Oliver, Managing Director, AML Experts (and a lawyer) will lead the discussions. Tickets are free. Bring your own lunch.