Tipping off under the AML/CTF Act: What changed in March 2025? From 31 March 2025, the Australian Transaction Reports and Analysis Centre (AUSTRAC) brought into force updated ‘tipping off’ provisions under the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Cth) (AML/CTF Act), as amended…
1. Choose your advisors wisely Identify the skill gaps in your business. If you’re strong in product development but weak in fundraising, marketing, or governance, look for experts in those areas. 2. Set expectations clearly From the start, outline what…
What is an AFSL in 2025? An Australian Financial Services Licence (AFSL) remains a legal requirement for any business or individual providing financial services in Australia. With ASIC’s updated Regulatory Portal in 2025, the application process has been streamlined but remains rigorous.…
1. What is AML/CTF? AML/CTF stands for Anti-Money Laundering and Counter-Terrorism Financing It refers to a set of laws and regulations designed to stop the illegal practice of making money from criminal activity, such as drug trafficking, fraud, or corruption, from appearing…
An Australian financial services (AFS) licence, issued by the Australian Securities and Investments Commission (ASIC), authorises a business to provide financial services in Australia. Under Section 911A of the Corporations Act 2001 (Cth) (‘Corporations Act‘), carrying on a financial services…
AML/CTF Independent Review AML/CTF Independent Review: What It Is & Why It’s Non-Negotiable If you’re a reporting entity in Australia, the term “AML/CTF Independent Review” is more than just compliance jargon—it’s a statutory requirement. Under Part 8.6 of the Anti-Money Laundering and Counter-Terrorism Financing…
Launching an online course can be a rewarding opportunity to share your expertise and reach a broader audience. However, creating and managing a successful course involves more than just great content—it requires robust terms and conditions to safeguard your business…
Non-compete clauses are commonly included in employment and contractor agreements in Australia to safeguard business interests. However, their enforceability under Australian law is nuanced and depends on the specifics of each case. General Enforceability Under common law, non-compete clauses are…
Legal support can feel like an afterthought—until it isn’t. When you’re running a financial services business or startup, the legal and compliance workload can build up quickly. And while you might not need a full-time in-house lawyer, you still need…
AUSTRAC Releases New Video: Cross-Border Cash Reporting Obligations for Travellers Carrying Over $10,000 If you’re travelling internationally with cash, there are important legal requirements you need to know. AUSTRAC has released a new video explaining how to comply with Australia’s cross-border reporting obligations for…
