Published on 27 May 08
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The Anti-Money Laundering and Counter-Terrorism Financing legislation is now in force. The Government has adopted a phased approach to implementation and you should have already determined whether or not you fall within the scope of the legislation. If you do have obligations, you should be well on the road to compliance. But are you? This paper covers:
- AML/CTF overview and timeline
- are you caught? An outline of your obligations
- the risk based approach - making it work for you.
Jo-Anne is Risk and Compliance Manager at Grant Thornton in Sydney where she is responsible for the design and implementation of the risk management and compliance program across the firm. Jo has worked in the areas of risk and compliance for seven years and, prior to her role with Grant Thornton, spent 12 years in the general insurance sector Current at 28 May 2008