Are you providing financial accommodations that could create a regulatory exposure?

Are you providing financial accommodations that could create a regulatory exposure?

Does your business provide financial accommodations that involve financing goods or services with repayment later?

Financial accommodations don't have to be direct funding; they can include providing infrastructure, equipment, signage, or short-term leases. Repayment can take various forms, such as purchasing goods, commissions, or profit percentages over time.

If your business offers financial accommodations like these, you might be subject to the AML/CTF Act and need to enrol with AUSTRAC. Since November 2023, penalties for non-enrolment have increased to $18,780 per day. In this webinar, Neil and Katherine delve into the nuances of financial accommodations. Learn how these arrangements, even if they don't involve direct monetary funding, might subject your business to regulations under the AML/CTF Act.

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