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The LIV has produced two new information sheets to update members on their AML/CTF Ethical Obligations and guidance on Balancing Legal Professional Privilege and AML/CTF Obligations.

The LIV has partnered with ACAMS to bring their AML General Awareness for Law Professionals course to LIV members at a discounted rate. This course provides a foundational overview of AML practices to better equip legal professionals in the identification and mitigation of AML risks. Register now.

The new AML/CTF rules have now been finalised. You can find the new rules on the AUSTRAC website and on the Federal Register of Legislation website. The 2025 rules replace the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1).  The new rules contain important obligations about enrolment, risk management policies and procedures, KYC due diligence, suspicious matters reports and more.

AUSTRAC ran a series of introductory webinars to help professionals to prepare for AML/CTF reforms and understand their potential AML/CTF obligations. View recordings of the AUSTRAC AML/CTF Essentials webinars series. 

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. 

See more status updates.