Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF)

Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) framework is undergoing substantial reform to strengthen and modernise the regulatory regime. The changes are designed to better align Australia’s framework with international standards while expanding regulatory obligations to additional professional sectors that have not previously been subject to AML/CTF oversight.

From 1 July, as part of these regulatory changes, you may notice changes to our procedures and customer verification processes. This may include requests for additional information or documentation to help us meet our legal obligations.

Examples of information we may request include:

• Identification documents, such as a driver’s licence or passport, or completion of electronic identity verification checks;
• Information about the purpose and nature of your transactions, the source of funds, or the ownership and control structure of a business or other entity;
• Updating of your personal, business, related information where required.

These measures are required to comply with AML/CTF. Any information you provide will be handled in accordance with our privacy policy.

If you have any questions about how the AML/CTF changes may impact you or your matters with us, please contact us.