---
title: "ML/TF risk assessment record for a legal practice"
url: "https://ailawframework.com/precedents/aml-ctf-the-practice-as-a-reporting-entity/mltf-risk-assessment-record"
type: "precedent"
site: "AI Law Framework"
id: "a52ob-mltf-risk-assessment-record"
area_id: "A52OB"
kind: "form"
ai_level: "red"
version: 1
task_ids: ["A52OB-X20260927-2"]
law_stated_as_at: "2026-10-22"
---

# ML/TF risk assessment record for a legal practice

> Record of the practice's own ML/TF risk assessment under s 26C: the services, customers, channels and countries it actually has, the ratings the compliance officer gives, and the senior manager's approval.

Canonical page: https://ailawframework.com/precedents/aml-ctf-the-practice-as-a-reporting-entity/mltf-risk-assessment-record  
Law stated as at: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

- Kind: Form. A form to complete, or a guide to completing an official one.
- Practice area: [AML/CTF — the practice as a reporting entity](https://ailawframework.com/precedents/aml-ctf-the-practice-as-a-reporting-entity.md)
- Jurisdictions: Australia
- AI level: Red. You write the text. The tool writes nothing into the document. Where permitted, it may check, clarify or collect data, and anything it checks or collects is verified.
- Law stated as at: 2026-10-22
- Status: Maintained. Checked on 2026-10-22 against the 3 authorities it cites, for Australia.

## When to use it

Use when the practice provides a designated service and must assess the money laundering, terrorism financing and proliferation financing risks it may reasonably face. Do not adopt a sector template's ratings as the practice's own. Update it when those risks change.

## Used for these tasks

- [Build the practice's risk assessment and AML/CTF policies](https://ailawframework.com/obligations/aml-ctf-the-practice-as-a-reporting-entity/build-the-practice-s-risk-assessment-and-aml-ctf-policies.md)

## How AI may be used

The compliance officer writes the risk ratings and the reasons; a tool may only list matter types, channels and countries from a table the officer has already approved.

**AI may:**

- List matter types, delivery channels and countries from a schedule the compliance officer has approved, with counts if those counts come from the practice system.
- Flag rows in an old version of this record that have no entry in the new version.

**AI must not:**

- Must not rate a risk, accept a risk, or copy a kit rating into the rating column.
- Must not describe a client as high risk or as suspicious.
- Must not be given client CDD files or suspicion material.

**The lawyer checks:**

- Each rating and reason was written by the compliance officer after looking at the practice's own work, not at a blank template.
- Section 26C(3) factors are addressed, including new or emerging technologies in services and in delivery channels.
- The senior manager has approved this version, and the previous version is kept.

## Authorities

- [Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) s 26C (ML/TF risk assessment, including new or emerging technologies)](https://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/alacfa2006522/s26c.html)
- [AUSTRAC, Record keeping overview (program records, CDD records, retention periods)](https://www.austrac.gov.au/industry-and-business/obligations-and-guidance/your-amlctf-program/develop-your-amlctf-programs/record-keeping/record-keeping-overview)
- [AUSTRAC, Tipping off (s 123, customer management, scripts and genuine reasons)](https://www.austrac.gov.au/industry-and-business/obligations-and-guidance/your-amlctf-program/reporting-us/tipping-off)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/aml-ctf-the-practice-as-a-reporting-entity/mltf-risk-assessment-record and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*