Australia's leading AML compliance solution for Tranche 2 entities.
Australia's leading AML compliance solution for Tranche 2 entities.
From 1 July 2026, lawyers will be subject to Australia's AML/CTF regime when providing certain services. As trusted advisers involved in high-value transactions and complex structures, legal professionals play a crucial gatekeeper role.
AML Shield understands the unique challenges facing the legal profession and provides tailored compliance solutions that respect client confidentiality while meeting regulatory requirements.
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Note: Some activities may still require attention even if not directly covered.
Develop a risk-based AML/CTF program appropriate for your practice areas.
Verify client identity and understand the nature of client relationships.
Identify beneficial owners of corporate and trust clients.
Monitor client relationships and transactions for suspicious activity.
Report suspicious matters to AUSTRAC (with limited legal professional privilege carve-outs).
Maintain AML/CTF records for 7 years as required.
We understand the importance of legal professional privilege. The AML/CTF framework includes specific provisions that balance compliance obligations with privilege protections.
Our solutions are designed to help you meet your obligations while maintaining appropriate confidentiality protections for your clients.
We can help you understand how AML/CTF obligations interact with your professional duties.
Contact UsContact us to get started on your legal compliance program.