Precedents: AML/CTF — the practice as a reporting entity
6 starting-point precedents for this area. Each one names the law it rests on and says how far AI may help.
- Precedents in this area
- 6
- Full text
- For signed-in accounts
- Newest law stated as at
- 17 October 2026
- Guidance for this area
- Tasks and AI use in AML/CTF — the practice as a reporting entity
| Precedent | Kind | Where it applies | AI use | Law stated as at |
|---|---|---|---|---|
| AML/CTF program for small legal practices: AUSTRAC legal profession starter kit adoption guideLinks to AUSTRAC's legal profession program starter kit and guides a small practice through checking suitability, customising the risk assessment, policy and process documents, approving the program, keeping it current and adding controls for AI tools. | Policy | Australia | Yellow | 17 October 2026 |
| Designated services capture map and enrolment decision record (AML/CTF Act s 6(5B), table 6)Worksheet mapping each of the practice's matter types against the nine items in Table 6 of s 6(5B), recording whether each is captured, the activity and item it turns on, exclusions, the geographical link, and the enrolment decision. | Form | Australia | Yellow | 17 October 2026 |
| Initial customer due diligence checklist for law practice designated servicesChecklist for completing initial customer due diligence before a designated service starts: identity, beneficial owners, agents and authority, PEP and sanctions screening, nature and purpose, risk rating, enhanced measures, reliance, AI-assisted verification and records. | Checklist | Australia | Green | 17 October 2026 |
| AI and automated tools in the AML/CTF program: control standardControl standard to insert into a legal practice's AML/CTF program covering e-verification, screening, document checks and generative AI: approval and validation, deepfake and synthetic document risks, human review, records, change control and tipping-off safeguards. | Policy | Australia | Yellow | 17 October 2026 |
| Suspicious matter escalation, reporting and legal professional privilege procedureProcedure from internal escalation to lodgement of a suspicious matter report: when the obligation arises, the 24-hour, 3 and 5 business day deadlines, privilege review and LPP forms, what AI may and may not do, client communications and tipping off. | Policy | Australia | Red | 17 October 2026 |
| Client letter: why we need to verify your identity (AML/CTF obligations)Plain-English letter explaining to new clients that Australian AML/CTF law now requires the practice to identify and verify them (and their owners or controllers) before certain work starts, what is needed, how it is checked, and how their information is handled. | Letter | Australia | Green | 17 October 2026 |
AI use levels: Green means AI can do most of the drafting and a lawyer reviews it. Yellow means AI helps in set ways and a lawyer checks specific points. Red means a lawyer does the work and AI stays out of the decisive steps.