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Recorded Webinars

Recorded Webinar: AML Reforms: Are Accountants Ready for the Compliance Crunch?

After years of delay, Tranche 2 AML/CTF reforms are finally gaining traction - and accountants are squarely in the frame. With the Government confirming its commitment to extend AML obligations to designated non-financial businesses and professions, now is the time for firms to ge
PRESENTED BY Peter Mills Consulting Principal - Keypoint Law , Brisbane

Date/Time

About the Webinar

After years of delay, Tranche 2 AML/CTF reforms are finally gaining traction - and accountants are squarely in the frame. With the Government confirming its commitment to extend AML obligations to designated non-financial businesses and professions, now is the time for firms to get ahead of the regulatory curve. This session examines:

  • What the Tranche 2 reforms mean for accountants, including likely scope and timing
  • How to assess whether your services will fall within the AML net
  • Building a risk-based AML program: what compliance may look like in practice
  • Recordkeeping, reporting and client due diligence - what's expected and what's changing
  • Steps firms can take now to prepare, including governance and training considerations
  • Some key new obligations –
    • Compliance officer role – who can be, and a new employee or outsource?
    • Responsible Entity determination and registration – who?
    • AML Policy – how?
    • Verification of Identity – managing and overcoming risk of false VOI data and documents – how?
    • Suspicious Transactions and Enhanced Compliance – when?   
    • Reporting to AUSTRAC – when?
    • Document and data storage – Privacy Act and AML obligations
    • AML Audit – when and how?

 

Presented By

Peter Mills
Consulting Principal, Keypoint Law Brisbane, Qld

Peter is a senior commercial litigator with expertise in corporate insolvency, creditor recoveries and strata title communities. He is an experienced advisor on the National Consumer Credit Protection Act and the Personal Property Securities Act and strata title communities laws, and acts in credit, finance and strata title community schemes related litigation.

Peter’s experience in Personal Property Securities, Credit Law and Insolvency exceeds 20 years, having held senior positions in national and international law firms throughout his career.

Peter advises a wide range of clients, including trade suppliers, builders and sub-contractors, motor dealerships, accountants, Agri businesses, private financiers, controllers (voluntary administrators and liquidators), strata title community schemes, SMEs, subsidiaries of local and overseas companies and other law firms.

Peter is a former President in the Queensland Division of the Australian Institute of Credit Management (AICM), and he has been a member of the Queensland Law Society’s Banking and Financial Services Committee for over 10 years.

Peter is a Working Group Member of the UK Secured Transactions Law Reform Project which aims to examine and consider future reform in English Law relating to secured transactions.

Peter sees his role as an opportunity to do work that he loves for clients he enjoys working with. He is passionate about achieving the best outcome for his clients, helping his clients secure and recover debts and assets, and strengthen their balance sheets, by effecting efficient compliance and enforcement under relevant laws.

Peter joined Keypoint in 2024 and is based in Brisbane.

Who Should Attend?

This webinar is suitable for accountants advising in taxation matters – Australia wide. This is an update webinar on recent developments in this area.

CPD Information

Accountants can claim up to 1 CPD hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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