AML/CTF compliance for new entrants

Watch on-demand an exclusive three-part webinar series on Anti-Money Laundering & Counter Terrorism (AML/CTF) compliance

The series is specifically tailored for new entrants to the AML/CTF regime: real estate agents, property developers, lawyers, accountants and other professional services providers.  

During the session, our experts provided a comprehensive background and introduction to the AML/CTF regime. They shared valuable insights on identifying, assessing, and managing risks effectively. The session also covered detailed steps for risk assessment and mitigation strategies. Lastly, our experts delved deep into the development of AML/CTF policies and procedures, highlighting key considerations for new reporting entities and effective implementation practices. 

AML/CTF for new entrants

Parliament has now passed the Anti-Money Laundering & Counter-Terrorism Financing (AML/CTF) Amendment Bill 2024 to reform and extend the current regulations impacting new industries including real estate agents, property developers, lawyers, accountants, other professional services providers, and precious stone dealers if they provide ‘designated services’ within each newly captured industry under these ‘Tranche 2’ updates.   
 
The AML reforms, effective from 1 July 2026, will significantly impact these newly added professions, giving them less than 18 months to prepare for the changes.