Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act is designed to stop illegal funds from entering the financial system.
What is the AML/CTF Act?
Professional services firms are required by law to maintain a robust compliance framework to keep crime out of our communities.
We are required to:
- Verify client identity
- Assess the risk of money laundering or terrorism financing
- Monitor client activity and report suspicious behaviour
Why are you being asked for documents?
/We’re required by law to apply consistent checks to everyone and verify our clients.
From us, you can expect:
- A streamlined experience supported by technology
- A clear explanation of what’s required
- Secure handling of your information
What happens next?
Click here for more informaton, including Frequently Asked Questions, and to see what the AML/CTF verification process looks like.
Review and download the Peet AML Fact Sheet below.
Any questions? Get in touch with John here, or talk to your conveyancer or solicitor.
