COURSE CATEGORY
Substantive Law
Western Australia Customers
Please note this course has not been updated in the last twelve months and does not satisfy the requirements for CPD in WA.
Updated on 27 July 2022
Bearing in mind that a Reporting Entity has ongoing transaction reporting obligations and compliance reporting obligations under the AML/CTF Act, and the serious consequences of non-compliance, this course will provide an overview of these obligations, and also provide practical tips for compliance.
The reports that this course will focus on are:
Towards the end of the course, we will also take a brief look at cross-border movements reports.
Simply choose the option below that best suits your needs.
Substantive Law
Lawyers wishing to gain a better understanding of compliance essentials for obligations relating to reporting under AML/CTF Act.
1
Text-based interactive module
Karen Lee was admitted to practice in 1997 in NSW. She holds a Master of Law and Management and specialises in banking and financial services law and legal knowledge management.
Karen is the Principal of Legal Know-How and she provides expert advice to firms and businesses on risk management, legal and business process improvement, legal documentation, regulatory compliance and knowledge management. Karen is the Specialist Editor of LexisNexis’ banking and finance law precedents, the General Editor of the Australian Banking Finance Law Bulletin and the Financial Services Newsletter, and author of Practical Guidance Banking & Finance modules. She has been a regular contributor to these and other professional publications on specialist legal topics such as PPS as well as in the areas of practice management and knowledge management.
Karen has worked extensively in-house, including as Head of Legal for a leading Australasian non-bank lender, as well as in top-tier private practice, including as Counsel at Allen & Overy and Clayton Utz. She has been involved in the PPS law reform process since 2008, including the preparation of detailed submissions to the Attorney General’s Department and the Senate Standing Committee on Legal and Constitutional Affairs in relation to the development and review of the PPS legislation. She was a member of the Government’s PPS Legal Special Interest Group from inception and has actively participated in the PPS Stakeholders Forum. Among other things, she has acted for major financial institutions to prepare their core standard form documentation to be used for consumer and business banking under the PPS regime.