By the end of this session, you should be able to:

• Explain the purpose and key stages of the FATF Mutual Evaluation, including the role of desk-based assessments and physical site visits.
• Identify emerging insights and preliminary signals from Australia's Mutual Evaluation and consider their potential implications for the legal sector.
• Examine key regulatory focus areas and evolving expectations for legal practitioners under Australia's AML/CTF regime.
• Assess how proposed and upcoming Tranche 2 reforms may affect legal work, including conveyancing, trust and commercial transactions.
• Identify areas of existing firm-wide AML/CTF frameworks that may warrant further review in response to regulatory developments.
• Consider practical steps to strengthen organisational readiness as Australia's AML/CTF framework continues to evolve.  

Jessica Smith
Director, Risk Consulting

Jessica is a senior risk and compliance professional with over 15 years of AML/CTF experience spanning a variety of institutions including banks, investment funds, international payments companies, money remitters, corporate bookmakers and cryptocurrency exchanges.

Jessica is an innovative and trusted risk professional who is passionate about helping businesses navigate complex regulatory changes. She possesses deep knowledge and experience in risk, legal, governance and compliance across the full spectrum of financial services.

As a qualified lawyer and compliance professional, Jessica combines her personable nature with her extensive financial services background to provide innovative, strategic, commercial and pragmatic solutions for clients.

Jessica regularly contributes to regulatory reform. Most recently, she drafted submissions, attended roundtables with Treasury and regulators as well as engaged with industry bodies on changes to the Australian AML/CTF regime and payments reforms.

This session is designed for solicitors, barristers, partners, practice managers, compliance professionals and legal practitioners with responsibility for AML/CTF compliance, risk management and regulatory oversight.

It will be particularly relevant to practitioners working in firms and organisations already subject to AML/CTF obligations, who want to stay across the FATF Mutual Evaluation, emerging regulatory expectations and the implications of Tranche 2 reforms. The session will also benefit those responsible for reviewing internal compliance frameworks and advising on transactions that may be affected by changes to Australia's AML/CTF regime.

This webinar is produced in NSW and features a QLD-based AML/CTF expert. It is available to all practitioners nationally.  

The time listed for this course is Australian Eastern Daylight Time (AEDT). Please take note of any time differences if you are registering from QLD, WA, SA, NT or from outside Australia.

The course complies with the mandatory requirements of Substantive Law (1 point).

If you intend to claim CPD units for this educational activity, please note that CPD activities are not accredited by the Law Society of NSW or any other equivalent local authority, with the exception of Western Australia. If you hold a practising certificate in a state or territory other than Western Australia and this educational activity extends your knowledge and skills in areas that are relevant to your practice needs or professional development, then you should claim one (1) "unit” for each hour of attendance, refreshment breaks not included. The annual requirement is ten (10) CPD units each year from 1 April to 31 March. Some practitioners, such as accredited specialists, are required to complete more than ten (10) units each CPD year.

Practitioners holding WA practising certificates are eligible to earn CPD points for this course. For instructions to earn CPD points, please click here.  

Please be aware that this webinar organised by the College of Law may be recorded for use on our websites, marketing materials and publications. By attending and participating in a College of Law Continuing Professional Development course, you consent to the College of Law photographing or recording and using your image and likeness and/or voice.