Dec 22, 2024
The new anti-money laundering reforms are part
of a “perfect regulatory storm” that professionals like lawyers
have to grapple with. With new reporting obligations drawing
closer, firm leaders will have to ensure their practice management
and compliance operations are up to speed.
In this episode of The Lawyers Weekly Show, host Jerome Doraisamy
speaks with Norton Rose Fulbright senior adviser
Jeremy Moller about the
new anti-money laundering and counter-terrorism financing
(AML/CTF) reforms and why they’ve been introduced, what the
reforms aim to achieve, the responses from lawyers and member
bodies and why such professionals are concerned with the
reforms.
Moller also delves into the challenges that
legal professionals will face in light of the reforms, why the
regulatory space is shifting so much and how this impacts lawyers,
where lawyers can seek assistance in such times, and the
opportunities that abound from setting one’s firm apart
from competitors.
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If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@lawyersweekly.com.au for more insights!