From 1 July, this year, most law firms across Australia are required to comply with new obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
As a provider of professional services (such as conveyancing) which pose a higher risk of being misused by criminals to move or hide illicit funds, Scammell & Co. Lawyers is one of those firms.
We have put steps in place to ensure we meet our responsibilities including keeping appropriate records and reporting certain matters to the Australian Government agency AUSTRAC.
So, what does this mean for our clients?
To help prevent money laundering, terrorism financing and other serious financial crime, we need to collect and verify your information. We may ask you to:
These checks are a standard legal requirement which will help us protect you from criminal abuse and support a safe and secure financial system.
