It’s been more than ten years since the arrival of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) in Australia. The Act regulates how certain types of businesses manage the risks of money laundering and terrorism financing. It’s becoming likely the next phase of legislation, known as ‘tranche two’, that will amend the AML/CTF Act to place obligations on a broader range of businesses may appear in 2018. Geoff Peck, Managing Director in the Forensic Accounting and Advisory Services, FTI Consulting, will briefly discuss the obligations that currently exist and the rationale for the Government to now expand the regime to include a broader range of ‘Designated Services’, before discussing what business types are likely to be included in tranche two and what the obligations may look like.
Who will you be learning from?
Managing Director in the Forensic Accounting and Advisory Services, FTI Consulting
*If you are in the legal industry you can claim 1 CPD unit for this seminar under practice management and business skills. Practitioners residing in WA will have to submit an application for CPD approval to the Legal Practice Board of Western Australia at a fee of $60.