AML/CTF Risk Assessments and Red Flags (with checklists!)

At the core of AML/CTF Tranche 2 reform is the risk-based approach.

Australia’s AML/CTF regime is on the brink of major reform, with Tranche 2 legislation set to capture law firms, real estate professionals and accountants.

For many, this means new obligations and new opportunities to strengthen defences against money laundering and terrorism financing (ML/TF).

At the core of it all is the risk-based approach. But what does that mean for you?

This guide walks you through:

• Sector-specific ML/TF risks
• Key red flags and warning signs to watch for
• How to identify high-risk clients and transactions
• How to build and implement a risk-based framework and effective risk-based compliance measures 
• Real-world case study: See how a simple property transaction turned into a compliance nightmare, and how you can prevent it
• How to avoid common pitfalls