Submission on anti-money laundering and counter-terrorism financing regime

13/02/2017

The Bar Association contributed to Part 5 of the Law Council’s response to the Commonwealth Attorney General’s Consultation Paper, Legal Practitioners and Conveyancers: A model for regulation under Australia’s anti-money laundering and counter-terrorism financing regime.

The Commonwealth Government sought feedback on proposals for the first phase of legislative reforms for the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth). The proposed reforms, if enacted, would significantly impact the legal profession.