Modernising Australia's anti-money laundering regime: extending AML obligations to lawyers

Doron Goldbarsht, Stuart Clark

Research output: Contribution to Newspaper/Magazine/WebsiteArticle

Abstract

By learning from similar jurisdictions that have implemented Financial Action Task Force recommendations for the legal profession, Australia can develop a tailored anti-money laundering model.
Designing an anti-money laundering model specific to Australia will enhance confidence in the financial system, improve security, achieve a favourable Financial Action Task Force rating and protect legal professional privilege.
Addressing the task force’s concerns is inevitable. Our proposed model aims to strike a balance by incorporating lawyers into the anti-money laundering regime while upholding legal principles.
Original languageEnglish
Specialist publicationLSJ Online
Publication statusPublished - 4 Aug 2023

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