Name: Are you providing financial accommodations that could create a regulatory exposure?
Start: 2024-06-25T12:00:00+10:00
End: 2024-06-25T13:30:00+10:00

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Past Event: Tuesday, June 25, 2024

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.

Thank you for your interest in this webinar.

You will be emailed a link to watch on-demand shortly. In the meantime, feel free to browse through our latest insights.

Speakers

Partner - Consulting

Neil Jeans Follow on LinkedIn

Neil has a unique background in financial crime risk management spanning almost 30 years, including working at senior levels managing AML/CTF, Sanctions and Anti-Bribery compliance across Europe, the US, Latin America, Asia, and Australia within two major global investment banks, one European financial services company, and a major Australian bank.

Partner – Consulting

Katherine Shamai Follow on LinkedIn

Katherine works closely with C-suite and Boards, advising them on matters relating to financial crime, compliance and good governance, to ensure they have relevant frameworks in place and reduce the level of risk they are exposed to. She brings a combination of industry and professional services experience, allowing her to give practical and pragmatic advice and recommendations tailored to suit the unique operating environment of each client.

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

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

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

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

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