The Law Institute of Victoria has made available an Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) Hub to support legal practitioners preparing for the new anti-money laundering and counter-terrorism financing regime. The hub includes practical learning opportunities, including an AML Kickstarter Workshop and an ACAMS Certificate in AML General Awareness for Law .
The hub itself is presented as a resource point for legal practitioners seeking support with AML/CTF preparation. The associated workshop is described by the LIV as intended to provide clarity, tools and a roadmap to build an AML/CTF program. The ACAMS course is designed for law professionals and provides a foundational overview of AML practices, financial crime risks and the application of a risk-based approach.
The launch of the LIV AML hub shows how professional bodies are supporting practitioners to translate incoming AML/CTF obligations into operational steps, training and internal systems. Previous newsletters have covered similar resources developed in other jurisdictions, by regulators as well as professional bodies, illustrating that this is now a cross-cutting issue of concern.