AML/CTF and professional services: the issue goes another round
AML/CTF and professional services: the issue goes another round
28 June 2021 6:16AM
The question of whether lawyers, accountants, real estate agents and other professional service providers should be regulated under anti-money laundering and counter-terrorism financing law is about to come up for debate yet again, with this and a number of other questions about Australia’s AML/CTF regime referred to a parliamentary committee last week.
The Senate Standing Committee on Legal and Constitutional Affairs will review the adequacy and effectiveness of Australia’s AML/CTF regulatory arrangements, with a focus on the extent to which they could be strengthened, particularly how weaknesses can be identified before systemic or large-scale breaches occur.