Cowell Clarke Connect

Anti-Money Laundering (AML) Compliance

Do you know your customer? Significant changes to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) may affect your business.

Cowell Clarke’s financial services team has extensive expertise in dealing with and managing Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) compliance and risks.  We provide a full range of legal and regulatory services to reporting entities under the AML/CTF Act to assist them in ensuring that they are meeting their ongoing compliance obligations and other sanctions regulations both in Australia and overseas.

Our services include:

  • Acting as regulator liaison.
  • Providing forensic compliance and governance reviews in the style undertaken by local regulators such as AUSTRAC.  
  • Providing specialist legal advice in relation to managing money laundering, terrorism financing and sanction risks.
  • Assisting with the enrolment of reporting entities with AUSTRAC.
  • Drafting AML/CTF Programs, risk appetite statement/policy.
  • Reviewing AML/CTF programs, customer on-boarding process and due diligence and AML/CTF controls.
  • Providing independent audits.
  • Advising on practical tips for managing your AML/CTF compliance risks.
  • Assisting with your day-to-day AML/CTF compliance issues.

Find out more

To find out more and get started, please submit the enquiry form below.

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