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