The LIV has developed an AML/CTF compliance ready-reckoner to help practitioners understand whether the AML/CTF reforms will apply to their practices and the steps to comply.
AUSTRAC has recently published a further draft of the Anti-Money Laundering and Counter-Terrorism Financing Rules (the Rules). Consultation on the rules has commended and will remain open until Friday, 27 June 2025. Please refer to the Austrac website for further information. The Law Institute of Victoria (LIV) will be working with the Law Council of Australia (LCA) to review the further draft of the Rules and, if considered necessary, the LIV will provide comments to the LCA for a submission to Austrac about the Rules.
The LIV has a new AML/CTF Helpline to support Victorian solicitors and legal practices by addressing your specific questions and assisting you in developing your AML/CTF compliance plans.
See more status updates.
For help, you can also call the LIV AML/CTF Helpline on 03 9607 9330 or email aml@liv.asn.au
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