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…
To set up a company in Australia, register with the Australian Securities and Investments Commission (ASIC), apply for an Australian Business Number (ABN) and Tax File Number (TFN), register your business name if needed, and open a business bank account. You’ll need…
Preparing for the AUSTRAC Annual Compliance Report can feel daunting, but with the right steps and timely action, it’s a manageable process. This report is a critical requirement for reporting entities under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), and it’s…
Do I need an Australian Financial Services Licence (AFSL)? An Australian Financial Services Licence (AFSL) is a critical legal requirement for businesses and individuals providing financial services in Australia, regulated under Chapter 7 of the Corporations Act 2001. However, not everyone…
