Source of funds checklist

The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT law) places obligations on lawyers and conveyancers to assess the risk of possible money laundering and terrorism financing.

The AML/CFT law outlines a procedure for lawyers to help them detect potentially suspicious activity. This procedure is called client due diligence. To complete client due diligence, we must obtain and verify information and documentation from prospective and existing clients.

To help you know what documentation you need to provide, we have put together a simple checklist.