The head of Banking & Finance team in Melbourne recently spoke with Australian Conveyancer Magazine about changes to the laws covering AML/CFT.
The ‘tranche 2’ reforms expand the country’s anti-money laundering and counter terrorism financing (AML/CTF) system to ‘high-risk services’ provided by real estate professionals such as conveyancers, and many other professional services suppliers.
If you are not sure if you are caught by the new regime, reach out to Shelley Nave for guidance.
Click here to read the full article: https://www.australianconveyancer.com.au/article/conveyancers-put-on-notice-by-austrac/
