AMLS In Action - 10 Common Mistakes in AML Programmes

Fortnightly webinar series for Australian law firms
As Tranche 2 approaches, many Australian law firms are beginning to build or refine
their AML/CTF programmes. But even well-intentioned firms can fall into the same
traps—creating unnecessary work, leaving gaps in controls, or exposing the practice
to compliance and reputational risk.
In this AMLS in Action session, we’ll walk through the ten most common mistakes
firms make when designing or implementing their AML programmes, and how to
avoid them with simple, practical solutions.

What to Expect
5–10 mins: AMLS News Round-Up
Concise updates on Tranche 2 developments, AUSTRAC guidance, and emerging
trends or case studies relevant to the profession.

20–30 mins: Main Presentation – 10 Common Mistakes in AML Programmes
A straightforward, actionable summary of the pitfalls most firms encounter,
including:
• Relying on generic, off-the-shelf templates
• Treating the risk assessment as a one-off project
• Over- or under-scoping client due diligence
• Misunderstanding when enhanced due diligence is required
• Weak source of funds/wealth processes
• No clear internal escalation routes
• Insufficient training and competence tracking
• Poor recordkeeping and audit trails
• Overcomplicating processes (or making them too light)
• Failing to embed AML into everyday workflows
You’ll come away with practical guidance on how to strengthen your firm’s
programme—without creating unnecessary complexity.

20 mins: Ask Me Anything
Bring questions about your current programme, documentation, processes, risk
methodology, or any challenges you’re facing.

Who should attend
Partners, practice managers, compliance officers, MLROs, and anyone involved in
building, reviewing, or implementing AML/CTF frameworks.

Why attend
To learn from the most common mistakes across the sector and gain confidence that
your AML programme is effective, proportionate, and future-proof

We kindly request that registrations be made using a work email address. This helps us to ensure the content and discussions are directly relevant to our intended audience and maintains the integrity of the event for genuine delegates.