Resources 

Getting ready for AML/CTF checklist

To help you prepare, this short guide outlines the suggested steps to help organisations prepare for AML/CTF compliance, providing a clear and practical starting point to understand key requirements and plan next steps. Read the guide.

Sanctions compliance for legal professionals 

The Australian Sanctions Office has released a guidance note, ‘Sanctions compliance for legal professionals’. While this guidance is intended for all practices, practices that are AML/CTF reporting entities may find this particularly useful for managing their sanctions obligations and mitigating sanctions risk, which may arise when conducting customer due diligence and dealing with controlled assets.

AML/CTF Implementation Guide for: sole practitioners and small practices

This Guide is designed to complement AUSTRAC’s AML/CTF Starter Kits, helping practices move from theory to practical application. Designed for sole practitioners and small practices, it provides practical guidance, real-world examples, and tools to support an appropriate and risk-based approach to compliance. Read the guide.

AML/CTF Implementation Guide: for medium and large practices

This Guide is for practices that AUSTRAC considers to be “medium” or “high-complexity”. It was shaped from the input of many leading practices in NSW. It aims at closing a critical gap, by providing sector-specific guidance grounded in the complex realities of legal practice. Read the guide. 

Amendments to Conduct Rules and Practice Rules 

Amendments have been made to the Legal Profession Uniform Law Australian Solicitors Conduct Rules 2015 (Conduct Rules) and the Legal Profession Uniform Legal Practice (Solicitors) Rules 2015 (Practice Rules) to reflect the effect of AML/CTF obligations. 

Privacy Policy template for small practices with AML/CTF obligations 

Download here

Download this MS Word document and open it in the desktop version of MS Word for best viewing and editing results.

Fact sheet for clients: New obligations arising under the new Anti-Money Laundering and Counter-Terrorism Financing framework

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An information sheet for clients has been developed to assist practitioners explain AML/CTF requirements.

Costs disclosure and costs agreement

To help your law practice comply with mandatory costs disclosure requirements under the Legal Profession Uniform Law, the Law Society’s Costs Committee has prepared a Costs disclosure and costs agreement which you can customise. More costs precedents can be found on our costs precedents page.

CPD Course: Complying with your AML/CTF obligations 

As part of the continuing commitment to providing education on the AML/CTF reforms, the Law Society of NSW has made available a new on-demand interactive course, Complying with your anti-money laundering and counter-terrorism financing obligations. 

This complimentary course is suitable for a wide range of audiences and will help you to understand the fundamental concepts underpinning Australia’s AML/CTF regime, and how the AML/CTF framework operates. You will learn what a designated service is, and how to meet your obligations as an AML/CTF reporting entity.

To register for this course and view further AML/CTF educational content provided by the Law Society, see the link below. 

BROWSE ALL LAWINFORM AML/CTF COURSES >

Industry events

AUSTRAC run an induction program for newly enrolled businesses who have anti-money laundering and counter-terrorism financing (AML/CTF) obligations. These webinars are designed to give new reporting entities a clear understanding of their AML/CTF obligations.  Find out more.

Curated external resources