Anti-money laundering legislation being extended to lawyers is very much a reality, with the Bill progressing through Parliament. And the timeframe to implementation remains tight, given how much preparation lawyers and firms may face.
While aspects of the relevant legislation are still to be refined, there is much that practitioners can, and should, do now to prepare themselves for it. This webinar will provide valuable insights into what is likely to be expected of lawyers under the legislation, how they can make best use of the lead-in period to prepare themselves for it, and preparation work that can be done now.
- Learn more about the specific activities of legal practice which are likely to be covered by the new legislation and the practical implications of it.
- Understand better the types of client behaviour that can make lawyers vulnerable to money laundering attempts.
- Start thinking about the purpose of your Risk Assessment, what needs to be considered in preparing that, and how it is used to set up your Compliance Programme.
- Gain insights into the client on-boarding and due diligence processes that will be required, and some of the difficulties that can arise.
- Discover more about the role of the Compliance Officer, the workings of goAML as a reporting tool and the function of the Financial Intelligence Unit.
Who should attend?
Given the scope of the proposed legislation, this webinar will be relevant to almost all lawyers in practice.
Gary is a senior lawyer providing advocacy and strategic risk management advice, specialising in all types of regulatory investigations and cases. He is widely regarded as New Zealand’s leading lawyer for Anti-Money Laundering expertise, having advised/represented over 100 financial reporting entities (and a few lawyers) grappling with AML law since 2008.
He is also well known as an expert in dealing with the Commerce Commission, Financial Markets Authority and Insurance issues. As a barrister Gary also handles a range of commercial, contract, technology, transport and public law disputes.
Gary has been ranked by independent leading lawyer guides for expertise across several of his practice areas, including Chambers Asia-Pacific, Legal 500 Asia, AsiaLaw Profiles, Benchmark Litigation, Global Competition Review, and Who’s Who Legal.
He is a director of ACAMS Australasia, a specialist compliance professional body that each year organises a major Financial Crime conference with the NZ Police in Wellington.
Barrister and Solicitor
Fiona Hall, who recently spoke at the AML Solutions AML/CFT Summit in Auckland, is a barrister and solicitor specialising in AML/CFT, consumer credit and privacy law. After her admission to the bar in 1987, Fiona initially practised general commercial litigation and banking law at large law firms in both Auckland and London, before moving in-house. Her in-house counsel roles covered a number of credit and credit related businesses as well as for a government regulator.
Fiona has acted as the head of compliance and both privacy and AML officer in conjunction with her legal roles. She has developed and implemented a number of AML/CFT programmes and was an invited speaker at the annual NZ Police FIU AML/CFT conference in 2015.