First AML

First AML share the latest in their Money and Matters series. Part 8: Get the basics right. Understanding Ultimate Beneficial Owners.

With the introduction of the AML/CTF Bill 2024, law firms have approximately 18 months to change how they do business fundamentally. Read the latest in-depth article from First AML.

In their latest article, First AML outline the basis of all AML programmes - the risk assessment.

In Part 5 of their series 'Money and Matters: A lawyer's guide to navigating Tranche 2', First AML tell us what to watch out for and how to avoid both reputational damage and fines.

Staying compliant: For Australian law firms, the concept of Tranche 2 AML/CTF legislation is becoming a matter of 'when' not 'if'.

Part 3: Law Council of Australia (LCA) submission and other perspectives.

Part 2: The global landscape of AML and why it’s coming to Australia

Part 1: Money Laundering 101... not just a plotline from a crime drama!

In 2012, Xiao Hua Gong, also known as Edward, appeared in Toronto Canada, seemingly out of nowhere. The man, often referred to as ‘charming’ and ‘full of conversation’ quickly made his way into influential circles. Read more about this true crime story.