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:
- Monitor client activity and report suspicious behaviour
- Verify client identity
- Assess the risk of money laundering or terrorism financing
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 clear explanation of what’s required
- Secure handling of your information
- A streamlined experience supported by technology
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 Darren here, or talk to your conveyancer or solicitor.
