CPD Webinar - AML/CTF Compliance- A Sea Change Moment for Professional Advisers?

1 CPD Unit – Practice management and business skills

If you are a lawyer, accountant or professional service adviser, then expect to hear a lot more about Anti-Money Laundering & Counter-Terrorism Financing (AML/CTF) compliance over the coming year as it may involve significant changes in how you interact with clients and provide services.

Parliament has now passed the Anti-Money Laundering & Counter-Terrorism Financing (AML/CTF) Amendment Bill 2024 to reform and extend the current legislation. These reforms effectively expand AML/CTF requirements to new industries including real estate agents, property developers, lawyers, accountants, other professional services providers, and precious stone dealers if they provide “designated services”.

The AML/CTF reforms, effective from 1 July 2026, will significantly impact these newly added professions, giving them less than 12 months to prepare for the changes.

In this webinar, Katherine Shamai from Grant Thornton, delves deep into what professional practices need to consider in the development of AML/CTF policies and procedures, highlighting key considerations for new reporting entities and effective implementation practices.

During the webinar Katherine will address:

• who is affected by the reforms;
• what are “designated services”;
• identifying, assessing, and managing risks effectively;
• the steps for risk assessment and mitigation strategies; and
• the development of AML/CTF policies and procedures;

This session is designed for all legal practitioners, accountants and advisers.

Continuing Professional Development

Legal CPD:

WA legal practitioners (QA Provider ID 29250)

1 CPD Unit, CPD Obligation Field 2 – Practice management and business skills. To ensure you receive your CPD Units for this event, please provide us with your Legal Practice Board Practitioner ID during registration. Note: CPD Units are only available for participation in the live webinar. At this time, webinar recordings (for those that are registered but unable to attend) are not eligible for WA Legal CPD Units.

Legal practitioners outside of WA

If you consider that this webinar satisfies your individual requirement, or is relevant to your immediate or long-term professional development needs, you may claim 0.5 CPD Units for every 30 minutes of attendance and participation.

Accounting CPD:

1 CPD Point

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Presenter: Katherine Shamai
Partner, Grant Thornton

Katherine works closely with C-suite and Boards, advising them on matters relating to financial crime, compliance and good governance, to ensure they have relevant frameworks in place and reduce the level of risk they are exposed to.

She brings a combination of industry and professional services experience, allowing her to give practical and pragmatic advice and recommendations tailored to suit the unique operating environment of each client. Recently, her engagements have included providing recommendations to strengthen control weaknesses identified, drafting risk assessment policies and procedures, and undertaking forensic investigations.

Katherine has worked with federal, state and local government agencies and departments, Not for Profits, ASX listed companies and private companies – in particular in the Financial Services, Gaming, Disability Support Services, and Education industries.

As a well-respected and trusted risk and financial crime expert, she has been appointed to the Editorial Advisory Board of both Fraud Magazine (Association of Certified Fraud Examiners) and Internal Auditor Magazine (Institute of Internal Auditors (US)).