AML/CTF Part A & B Program (and Risk Framework Workshop and Training)

The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 ("AML/CTF Act") requires all designated service providers to have a written AML/CTF Program in place.

This procedure* is:
  • designed to meet the requirements of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 ("AML/CTF Act"), and the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) ("AML/CTF Rules"); 
  • benchmarked against AUSTRAC guidance; and
  • reflects our experience assisting clients in their dealings with AUSTRAC.When you purchase this template, we include up to 4 hours’ assistance to help you create and tailor your risk framework to your organisation's circumstances.  If we provide more than 4 hours' assistance, additional hours will be charged at our lawyers' normal hourly rates.   

We can also arrange separate legal advice about whether your business provides designated services within the scope of the AML/CTF Act, at an additional cost.

This program also includes a 2.5 hour AML/CTF training session which will be run as a public seminar (either as a webinar or face-to-face, depending on your location with you and other AML/CTF compliance officers.  The training also meets the requirements of Part 8.2 of the AML/CTF Rules.  In particular, it enables you to understand:

  1. the obligations of your business (a reporting entity) under the AML/CTF Act and Rules;
  2. the consequences of non-compliance with the AML/CTF Act and Rules;
  3. the type of ML/TF risk that the reporting entity might face and the potential consequences of such risk; and
  4. those processes and procedures provided for by the reporting entity’s AML/CTF program that are relevant to the work carried out by you.

Digital Currency Exchanges

If you are member of Blockchain Australia Ltd (formerly known as the Australian Digital Commerce Association (ADCA)), please tell us.  We have a version of our template program that is bench-marked against the ADCA Code of Conduct, and we offer a $500 discount on our normal prices.  

Note:  We sometimes offer our program without training for a reduced cost, to business that are extremely familiar with the Australian AML/CTF regime.  Contact us to see if you’re eligible.

What's included?

Once payment is received, the manual is delivered via email as a downloadable file(s) in Word and Excel format, together with a tax invoice. 

*This procedure(s) will not comply with the regulatory requirements if it is not correctly tailored to your particular business and kept up-to-date.  Neither Holley Nethercote Commercial & Financial Services Lawyers nor Compact - Compliance & Training are responsible for the tailoring and implementation or upkeep of each procedure once purchased by the licensee.  Holley Nethercote Commercial & Financial Services Lawyers can assist you tailor these documents.  The first step towards keeping your procedure(s) up-to-date is to subscribe to our tailored monthly regulatory update service, T-REX.  The content of each procedure will vary depending on legislative and policy changes and updates, as well as the nature of the licensee.  This procedure(s) is current on the date of purchase.  Whilst every care is taken in their preparation, neither Holley Nethercote Commercial & Financial Services Lawyers nor Compact - Compliance & Training make no representation that these documents are fit for your particular purpose, and accept no responsibility for any loss or damage or cost incurred as a result of their use.  Neither Holley Nethercote Commercial & Financial Services Lawyers nor Compact - Compliance & Training take no responsibility for formatting or other errors resulting from software errors, defects, incompatibility or viruses.  

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