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Anti-Money-laundering: Risk Assessments and Reliance

Lawyers, accountants and real-estate agents will soon come under Australia’s anti-money laundering and counter terrorism financing (AML/CTF) regime, accompanied by obligations to assess the risk of their clients and verify identities.  For more complex client groups, this has the potential for delay, costs and confusion, particularly in a multi-advisor environment.

This bonus complimentary session looks into these situations, including:

  • Why you should be suspicious of your clients

  • How to think about risk in an AML/CTF environment

  • Working with other advisors, including the role and pitfalls of reliance arrangements

  • The intersection between AML/CTF and privacy - use disclosure of Know Your Client (KYC) information

Who should watch

Compliance and leadership of Tranche 2 entities, including financial planners, accountants, lawyers, real estate agents.

Level of expertise

This webinar is for persons with a basic knowledge of their entity’s AML/CTF obligations.


Presenter

Paul Gray

Paul is a Corporate and Commercial Advice Specialist who draws from experiences as a business owner, private legal advisor and in-house counsel. Having worked with management teams over many years, Paul is valued for distilling issues down to what is really important and being prepared to make a call based on judgment and experience.

Paul acts for government and private clients and has specialist industry experience in technology and the digital economy, waste and the circular economy, asset maintenance, tendering, and procurement.  Paul also regularly advises large charities and not-for-profits on establishment, growth, and expansion opportunities.

Paul’s key areas of practice include:

  • commercial contracts, transactions, and advice, including government procurement, contract management and competition

  • acting for vendors and procurers of technology;

  • corporate governance, shareholders agreements and directors’ duties

  • corporate transactions and restructures, private capital markets and company corporate matters, including Corporations Act advice;

  • privacy and data protection.

Before working in private practice, Paul spent almost a decade working for Telstra in technology contracting, product development, media and marketing.

Craig Morgan

Craig has extensive experience as a commercial lawyer, program manager and people leader at Telstra and the TAC.

Craig is passionate about delivering projects which achieve meaningful and long lasting positive change for organisations.

He is also passionate about improving the lives of people with a disability having been involved in a hit and run accident while on a training ride approximately 10 years ago, leaving him catastrophic injuries including paraplegia. This has not however held him back and he continues to pursue a range of sports including skiing, scuba diving, hand cycling and track chair racing.


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Employment Law Developments and Updates

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12 May

The STAR decision: what ASIC’s prosecution of the executive team and board of Star Entertainment means for directors and officers of companies