AML/CFT SECTOR-SPECIFIC COMPLIANCE
Legal Professionals
https://player.vimeo.com/video/1153690550?h=8f1ed81edb
Your trust account is a target.
Law firm trust accounts offer something criminals desperately need: legitimacy. Funds passing through a solicitor's trust account inherit the credibility of the legal profession—making lawyers an attractive conduit for layering illicit money.
From July 2026, legal professionals providing certain services become reporting entities under AUSTRAC. Conveyancing, company formation, trust establishment, and managing client funds all carry compliance obligations.
This training addresses the unique position lawyers occupy—including how to meet AML/CTF obligations while preserving legal professional privilege where it legitimately applies.
Equip your firm to identify money laundering risks in legal transactions—particularly conveyancing and corporate work—while understanding the boundaries of legal professional privilege under the new regime.
Build internal capability to conduct client due diligence, monitor trust account activity, and report suspicious matters appropriately without compromising legitimate privilege claims.
Approximately 35 minutes of online training across three modules. Complete at your own pace. Certificate issued on completion. Access to compliance toolkit included.
A firm that understands its obligations, can navigate LPP boundaries confidently, and maintains documentation that demonstrates AUSTRAC compliance during inspection.
Legal professional privilege doesn't excuse you from knowing who your client is. It protects advice, not identity.
Our Approach
Understanding the Framework
Legal practice has operated with certain privileges. Some remain; some don't apply to AML/CTF obligations. This module clarifies which legal services are captured, what AUSTRAC expects, and how privilege interacts with your reporting obligations.
- Which legal services are designated services
- Legal professional privilege: what it does and doesn't protect
- Your obligations as a reporting entity
- Penalties for non-compliance: firm and personal liability
Know Your Customer
Client verification in legal practice requires balancing efficiency with thoroughness. This module covers the practical steps for verifying individuals, companies, and trusts—including beneficial ownership for complex structures.
- Verifying individual clients: acceptable evidence
- Verifying corporate clients: searches and director verification
- Verifying trusts: identifying trustees, settlors, and beneficiaries
- Instructing parties: when someone else is giving instructions
Red Flags & Reporting
Conveyancing and corporate transactions present specific red flag patterns. This module teaches you to recognise trust account manipulation, settlement irregularities, and client behaviour that should trigger scrutiny—plus how to report without breaching tipping-off provisions.
- Conveyancing red flags: price manipulation, funding anomalies, rushed settlement
- Trust account red flags: funds in/out without underlying work
- Suspicious matter reports: meeting your obligation to report
- Tipping off: the criminal offence you must avoid
AML/CTF Compliance for Legal Professionals
48.88
3316671
price_1SnJxp1wHE4n7au3TPeAW0xv
https://hook.eu1.make.com/idintefnlxz3x7y2vqhgbpv52jyftw4o
License valid for 12 months from date of purchase. Training is your evidence of due diligence.
Meet your new 2026 obligations in 30 minutes.
austrac compliance for aml/cft tranche 2 professionals
Protect your license.
Cover your business.
