At Hindsight Legal Advisers, we have the technical expertise and practical experience to help reporting entities comply with the regulatory requirements in the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act) and the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) (AML/CTF Rules).
Our expert lawyers are highly regarded in the financial services industry and have been engaged by many growing and leading financial institutions in Australia (including major banks and non-bank lenders) to advise on money laundering and counter terrorism financing legal issues.
How we can help
Our services include:
We provide template industry-specific AML/CTF Programs, which can be tailored to your designated service(s) and the specific money laundering and terrorism financing (ML/TF) risks faced by your business
We perform independent reviews of Part A of your AML/CTF Program to check that you are complying with your Program and that it properly addresses your ML/TF risks, complies with your legal obligations and is working as it should. Our indepedent review will comply with the requirements set out in Part 8.6 (standard programs) or Part 9.6 (joint programs) of the AML/CTF Rules
We undertake both on-site and remote audits of your AML/CTF compliance and the effectiveness of your AML/CTF Program, policies, controls and procedures
We offer comprehensive advice on any AML/CTF legal issues, including the following:
- Determining if Australian AML/CTF laws apply to your products or services, including assessing the jurisdictional requirements if you are offering the product or service via a foreign entity
- Ensuring compliance with reporting obligations, including suspicious matter reporting (SMRs), threshold transaction reporting (TTRs) and international funds transfer instruction (IFTIs) reporting
- Advising on your obligations relating to tipping off, applicable customer identification procedures (ACIP), dealing with high ML/TF risk customers (including PEPs) as well as dealing with breaches of AML/CTF laws
- Advising on (and assisting you to) apply for exemptions or modifications under the AML/CTF Act
Get in touch with our team of AML/CTF legal experts today!
Australia’s financial landscape presents businesses with significant financial, reputational, and criminal risks when striving to comply with AML/CTF laws. These laws are critical for safeguarding against illegal activities, including money laundering and terrorism financing. Don’t take any chances – reach out to one of our AML/CTF legal experts today.
Experience
Our lawyers have a track record of assisting financial organisations of all sizes (from FinTech start-ups to some of the largest financial institutions in Australia) as they tackle a wide range of AML/CTF challenges, including the following:
Drafting, reviewing and implementing AML/CTF Programs for many large lenders and financial institutions in Australia
Conducting both on-site and remote AML/CTF Audits for reporting entities of all sizes
Advising large and global financial institutions on the application of Australian AML/CTF laws, including a consideration of the extra-territorial application of the AML/CTF law
Advising on and assisting with drafting appropriate responses to AUSTRAC investigations, requests and regulatory actions
Assisting with AML/CTF law exemption applications for products and services that would otherwise be considered a designated service
Advising on reporting requirements, subsequent tipping off provisions and assisting with the drafting of “de-banking” and “off-boarding” letters to customers
If you have any questions about AML/CTF laws or if would like to better understand your obligations, please get in touch!
Why Choose Us
Hindsight Legal Advisers provide a highly acclaimed team of experienced lawyers that are committed to meeting the unique needs of our clients.
We handle legal matters with the same training, expertise, and technology as large law firms, but with the service, attention, and efficiencies afforded by a skilled independent law firm. Here are a few of the reasons our clients choose us:
We are experienced: All of our lawyers have worked at large law firms and have served as in-house legal advisers to some of the largest companies and banks in Australia, including Macquarie Bank and NAB. Our depth and breadth of experience in AML/CTF laws allow us to expertly guide our clients through any legal or transactional matter.
We deliver value: While our qualifications, experience, and technology are comparable to that of our large firm counterparts, our fees are not. We know that time is money and we take our commitment to efficiency very seriously. We deliver value by keeping our overheads low and by leveraging the best technology, including the latest document management software. We pass those savings onto our clients.
We are client-focussed and solutions-oriented: We know that lawyers do not practice law in a vacuum and that our clients need a practical, solutions-oriented approach. In addition to providing our clients with strategic and practical advice, we also develop creative solutions to best accomplish our clients’ objectives.
We are agile and responsive: We understand that business and transactions move quickly and so do we. Our size allows us to be agile, nimble and flexible. Our lawyers are service-oriented and focus on providing each of our clients with the personalised attention they deserve. We work hard to ensure that we exceed our clients’ deadlines and expectations in all respects.
Fixed and transparent pricing: We always provide up-front and transparent pricing to ensure our clients have clear visibility of the costs associated with our services. Where possible, we charge fixed prices for our services – which means that as a client, you know exactly what you will pay for our legal services (regardless of the amount of time and work it takes to complete your matter).