COUNSELR.
AML/CTF Information
What is AML/CTF?
From 1 July 2026, reforms to Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) require our firm to comply with specific regulatory obligations when we provide designated services to clients.
Generally this includes assisting with property or business transactions through advice, contact negotiation or completion; handling client money or assets; or assisting with the formation or restructuring of companies, trusts or partnerships.
Adhering to these obligations is part of a national approach to mitigate and manage money laundering in Australia, helping authorities to track and limit the flow of funds that support drug trafficking, human exploitation, financial fraud and terrorism.
If you require any of the designated services, Client Due Diligence (CDD) checks may need to be completed before we can proceed. These checks are mandatory for all law firms.
Your role
Before commencing new matters categorised as designated services, we may ask you to provide additional information about the transaction, the people instructing us, and financing arrangements. In some cases, you may also need to provide additional documents and allow us to complete identity verification.
Our commitment
We are committed to supporting our clients under the new AML/CTF regulatory framework and ensuring the smooth and uninterrupted continuation of our services.
Security
Any personal information collected as part of the AML/CTF checks process, including information relating to relevant client representatives, beneficial owners or other individuals connected with your client entity, will be handled securely. Access will be limited to those who need it for the purpose of meeting our AML/CTF compliance obligations. Your data is handled by us securely and responsibly in accordance with our privacy policy.
Contact
If you need any further clarification, please contact us at contact@counselr.com.au.