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Dec 20, 2024 | 
herbertsmithfreehills.com | Alice Molan |Charlotte Henry |Bryony Adams |Julia Massarin
Insight Article - By The passage of the bill to amend the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act) through the Federal Parliament during the final sitting week for 2024 marks a significant milestone on the journey to reform Australia’s AML/CTF regime.
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Sep 25, 2024 | 
lexology.com | Alice Molan |Charlotte Henry |Bryony Adams |Kate Cahill |Tony Coburn |Julia Massarin | +3 more
On 11 September 2024, amendments to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act) were introduced into Parliament through the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 (Cth) (AML/CTF Bill). The Bill includes significant proposals to expand the application of the AML/CTF Act to additional sectors of the Australian economy, including lawyers, real estate agents, accountants and others.
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May 22, 2024 | 
lexology.com | Alice Molan |Charlotte Henry |Bryony Adams |Kate Cahill |Tony Coburn |Julia Massarin | +2 more
Reforming Australia’s AML/CTF regime – clear commitment to modernising the regime in Consultation Paper 2 Following the release of the Consultation Paper on Modernising Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime in April 2023 (Consultation Paper 1), there was real excitement about the possibility for Australia’s AML/CTF regime being updated for the better. Our thoughts on Consultation Paper 1 are available here.
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Apr 19, 2024 | 
mondaq.com | Andrew Eastwood |Bryony Adams |Maritsa Samios |Stephanie Crosbie
As ASIC continues to exercise its broad-ranging enforcement
powers, companies are regularly asked to provide sensitive material
to the regulator including documents covered by legal professional
privilege. Under the present statutory framework, ASIC has no power
to compel the production of privileged material.
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Apr 19, 2024 | 
mondaq.com | NSW Legislates Short |Andrew Eastwood |Bryony Adams |Maritsa Samios
CONTRIBUTING SINCE MAY 2000 Herbert Smith Freehills POPULAR TOPICS Litigation, Mediation & Arbitration Corporate/Commercial Law Finance and Banking Employment and HR Technology
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Apr 15, 2024 | 
lexology.com | Andrew Eastwood |Bryony Adams |Maritsa Samios |Stephanie Crosbie
As ASIC continues to exercise its broad-ranging enforcement powers, companies are regularly asked to provide sensitive material to the regulator including documents covered by legal professional privilege. Under the present statutory framework, ASIC has no power to compel the production of privileged material.
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Apr 1, 2024 | 
mondaq.com | Bryony Adams |Daniel R. Hyde
On 7 March 2024, Australia's anti-money laundering
(AML) regulator, AUSTRAC, announced the commencement of an enforcement
investigation into whether Hillside (Australia New Media) Pty
Limited, which trades in Australia as Bet365, has complied with its
obligations under the Anti-Money Laundering and
Counter-Terrorism Financing Act 2006 (AML/CTF
Act).
While AUSTRAC has engaged in several enforcement investigations
in recent years, this one is notable for two reasons.
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Mar 25, 2024 | 
lexology.com | Bryony Adams |Daniel R. Hyde
On 7 March 2024, Australia’s anti-money laundering (AML) regulator, AUSTRAC, announced the commencement of an enforcement investigation into whether Hillside (Australia New Media) Pty Limited, which trades in Australia as Bet365, has complied with its obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). While AUSTRAC has engaged in several enforcement investigations in recent years, this one is notable for two reasons.
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Feb 12, 2024 | 
lexology.com | Jacqueline Wootton |Merryn Quayle |Leon Chung |Mark Smyth |Bryony Adams |Anna Sutherland | +5 more
In this issue 01 Corporate crime and investigationsoutlook 2024: Trends in Australia and beyond02 Foreign bribery law reform: third time lucky?
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Dec 5, 2023 | 
lexology.com | Elizabeth Macknay |Cameron Hanson |Andrew Eastwood |Graeme Johnson |Kate Cahill |Eunice Park | +12 more
Click here to listen to the audio. Our Australian dispute resolution experts present LPP: The Legal Privilege Podcast, where we unpack the tricky concept of legal professional privilege (LPP) and apply some key principles to practical scenarios.
