---
title: "Anti-Money Laundering 101: for Australian Legal Professionals"
description: Law firms must prepare for the AML/CTF Amendment Act 2024, implementing compliance programs and risk assessments to mitigate financial crime risks.
image: https://info.arctic-intelligence.com/hubfs/RAP%20%20Anti-Money%20Laundering%20101%20What%20do%20Australian%20Legal%20Professionals%20need%20to%20know%20about%20the%20AMLCTF%20Amendment%20Act%202024%20and%20how%20can%20they%20start%20to%20prepare%20to%20comply%20(1).png
---

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# Anti-Money Laundering 101: What Do Australian Legal Professionals Need to Know About the AML/CTF Amendment Act 2024 and How Can They Start to Prepare to Comply?

## Is Your Law Firm Prepared for Australia’s New AML/CTF Requirements?

![RAP  Anti-Money Laundering 101 What do Australian Legal Professionals need to know about the AMLCTF Amendment Act 2024 and how can they start to prepare to comply](https://info.arctic-intelligence.com/hs-fs/hubfs/RAP%20%20Anti-Money%20Laundering%20101%20What%20do%20Australian%20Legal%20Professionals%20need%20to%20know%20about%20the%20AMLCTF%20Amendment%20Act%202024%20and%20how%20can%20they%20start%20to%20prepare%20to%20comply.jpg?width=1200&height=627&name=RAP%20%20Anti-Money%20Laundering%20101%20What%20do%20Australian%20Legal%20Professionals%20need%20to%20know%20about%20the%20AMLCTF%20Amendment%20Act%202024%20and%20how%20can%20they%20start%20to%20prepare%20to%20comply.jpg "RAP  Anti-Money Laundering 101 What do Australian Legal Professionals need to know about the AMLCTF Amendment Act 2024 and how can they start to prepare to comply")

The AML/CTF Amendment Act 2024 now includes legal professionals under Australia’s anti-money laundering framework. With mandatory compliance set to begin on 1 July 2026, law firms must take action to understand their obligations, implement risk-based compliance programs, and prevent financial crime risks.

What’s Inside?

- **Key legislative changes** – What the AML/CTF Amendment Act 2024 means for legal professionals.
- **New compliance obligations** – Customer due diligence, reporting requirements, and record-keeping.
- **Practical steps for law firms** – Risk assessments, AML program development, and staff training.
- **How to stay ahead of regulatory expectations** – Industry best practices and professional body engagement.

 

Why This Matters

Law firms are now recognised as high-risk for money laundering, making compliance critical to avoiding regulatory penalties, reputational damage, and legal liability. This white paper provides a step-by-step guide to help legal professionals strengthen compliance, mitigate financial crime risks, and uphold industry integrity.

## Download the White Paper

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