About this episode

This episode discusses Australia's role in the Financial Action Task Force and the implications of upcoming AML/CTF reforms for legal practitioners.

Episode Summary: The Financial Action Task Force, or FATF, may be the most important organisation Australian lawyers have never heard of. Its global standards underpin Australia’s AML/CTF Tranche 2 reforms, shaping how legal practices onboard clients, assess risk and help prevent financial crime. This episode explains why the regime exists, how Australia fell behind its global counterparts and the practical steps lawyers need to be taking as the reforms come into effect from 1 July 2026. Guest: Tim Goodrick, Partner, Financial Crime, KPMG Australia Former Acting Director of the FATF Training and Research Institute and former financial crime policy lead at the Attorney-General’s Department Specialist in AML/CTF system design, financial crime policy and global AML standards www.kpmg.com/au/en/contacts/g/timothy-goodrick.html www.au.linkedin.com/in/timothygoodrick Host: Artemis Evangelidis, Law Institute of Victoria podcasts@liv.asn.au | www.linkedin.com/company/law-institute-of-victoria Episode Overview: The Financial Action Task Force, or FATF, is the global standard-setter behind anti-money laundering and counter-terrorism financing laws, but its influence is often invisible to…

People in this episode

Host: Artemis Evangelidis

Guest: Tim Goodrick

Topics covered

• financial crime
• anti-money laundering
• legal practice
• regulatory reforms
• Australia
• FATF

Keywords

• FATF
• AML
• CTF
• financial crime policy
• legal reforms
• risk assessment
• client onboarding

Mentioned in this episode

Organizations: KPMG Australia, Financial Action Task Force, Attorney-General’s Department, Law Institute of Victoria

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