Introduction
This toolkit provides AML compliance documents designed to help Australian law firms prepare for AUSTRAC AML/CTF program requirements.
Australia’s anti-money laundering and counter-terrorism financing regime is being expanded to apply to legal practitioners and other professional services. From 1 July 2026, many law firms will be required to enrol with AUSTRAC and implement an AML/CTF compliance program when carrying out designated services.
This AML/CTF Compliance Toolkit provides a practical set of precedents and working documents designed to help legal practices prepare for the new regime. The documents can be adapted to suit the size and risk profile of the firm and provide a structured framework for implementing internal policies, customer due diligence procedures and ongoing compliance systems.
Professionally Drafted Legal Precedent
Prepared by experienced Australian commercial lawyers, this precedent provides a comprehensive and reliable framework for real-world use.
The document is fully editable in Microsoft Word and includes an Editing Legal Documents Guide to assist with completing and tailoring the agreement.
Designed for immediate use, it can be adapted to suit a wide range of legal and commercial scenarios.
At A Glance
What This Toolkit Covers
- AML/CTF compliance framework for legal practices
- Policies and procedures aligned with AUSTRAC requirements
- Customer due diligence and client identification processes
- Practical templates for implementing firm-wide compliance
Key Documents Included
- AML/CTF compliance program template
- Customer identification and verification forms
- Risk assessment and compliance registers
- Internal policies and procedures for staff
Typical Use
- Preparing a law firm for AML/CTF obligations
- Implementing an internal compliance framework
- Conducting client due diligence and risk assessment
- Maintaining ongoing AML monitoring and records
Who This Is For
- Law firms providing designated services
- Conveyancing and property practices
- Firms preparing for AUSTRAC enrolment
- Practitioners implementing AML compliance systems
Drafted by Legal Professionals
Our precedents are prepared by Australian legal practitioners and reflect commonly used legal drafting standards.
Practical and Easy to Use
Each template provides a structured framework that can be adapted to suit the specific transaction or matter.
Instant Access
Download immediately after purchase and edit the document in Microsoft Word to suit your requirements.
Documents Included in This Toolkit
The AML/CTF Compliance Toolkit includes the following working documents and compliance templates designed to assist legal practices implement and maintain an AML/CTF program.
- AML/CTF Compliance Program
- AML Program Version Control Log
- Client Risk Assessment Tool
- Client Risk Rating Worksheet
- Transaction Risk Scoring Tool
- Transaction Monitoring Checklist
- Ongoing Risk Review Form
- Independent Review and Audit Register
- Customer Due Diligence Checklist – Individuals
- Customer Due Diligence Checklist – Companies and Trusts
- Beneficial Owner Identification Form
- Enhanced Due Diligence Questionnaire
- Politically Exposed Person (PEP) Attestation Form
- Source of Funds Declaration
- Internal Suspicion Report Form
- Training Attendance Log
Who This AML Compliance Pack Is For
DESIGNED FOR PROFESSIONAL PRACTICE
This AML Compliance Pack is designed for:
- Australian law firms preparing for AUSTRAC AML/CTF obligations
- Practices seeking a practical starting point for AML compliance
- Firms without existing AML documentation or systems in place
- Legal practitioners wanting to reduce compliance risk
- Practices looking to save time and avoid drafting from scratch
Why Not Draft This Yourself?
Drafting an AML/CTF compliance program from scratch can be time-consuming and complex.
- Requires understanding of evolving regulatory requirements
- Involves significant drafting time and review
- Must be tailored to risk, processes, and firm structure
- Errors or omissions may expose your firm to compliance risk
This pack provides a structured, practical solution to help your firm implement AML compliance efficiently and with confidence.
Frequently Asked Questions
Do I need an AML/CTF program before 1 July 2026?
The expanded AML/CTF regime is expected to apply to legal practitioners and other professional services from 1 July 2026. Firms providing designated services will generally be required to enrol with AUSTRAC and have an AML/CTF compliance program in place when those obligations commence.
Legal practices should therefore begin preparing their compliance systems in advance of the commencement date. Implementing policies, procedures and client due diligence processes early will assist firms ensure they are ready to meet the new regulatory requirements.
Do lawyers need an AML/CTF compliance program?
Australia’s anti-money laundering and counter-terrorism financing regime is being expanded to apply to legal practitioners and other professional services providing designated services. From 1 July 2026, many law firms will be required to enrol with AUSTRAC and implement an AML/CTF compliance program.
What does this AML/CTF Compliance Toolkit include?
The AML/CTF Compliance Toolkit includes a comprehensive set of working documents designed to help legal practices implement and maintain an AML/CTF program. These include the AML/CTF compliance program, customer due diligence checklists, beneficial owner identification forms, risk assessment tools, transaction monitoring templates, internal reporting forms and compliance registers.
The documents are intended to assist firms establish practical procedures for client identification, risk assessment, ongoing monitoring and internal compliance record-keeping in preparation for the expanded AML/CTF regime.
Can I customise the documents for my firm?
Yes. The documents are fully editable Microsoft Word templates.
How quickly will I receive the documents?
The AML Compliance Pack is available for instant download immediately after purchase.
What is an Anti-Money Laundering Policy?
What is an Anti-Money Laundering Policy?
An anti-money laundering policy (AML policy) is a document that sets out the procedures and controls a business uses to prevent money laundering and comply with regulatory obligations.
It is commonly used as part of an AML/CTF program in Australia, helping businesses meet AUSTRAC compliance requirements and implement effective customer due diligence processes.
This document is commonly used by businesses requiring an AML policy template to meet anti-money laundering compliance obligations in Australia.
Ready to Implement AML Compliance?
Access the Anti-Money Laundering (AML) Compliance Pack and prepare your practice for AUSTRAC obligations.
Access AML Compliance Pack - $550
Fully editable Microsoft Word documents. Practical, compliance-focused and ready for immediate use.
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