Anti-money Laundering

The Faculty Office requires a copy of each notary’s risk assessment for their practice compiled under Regulation 18 of the Money Laundering and Terrorist Financing Regulations 2017.  From 2020 the Faculty Office shall also be requiring a copy of the notary’s policies, controls and procedures under Regulation 19. 

Anti Money Laundering (AML) Risk Assessment Review

As part of the practice certificate renewal application for 2020, the Faculty Office required notaries to submit a copy of their practice risk assessment. All notaries are required to complete a risk assessment under Regulation 18 of Money Laundering and Terrorist Financing Regulations 2017 (“MLR 2017”). At the start of 2020 the Faculty Office undertook a detailed review of these risk assessments.

The results are published in the Risk Assessment Review Report (click link).

Money Laundering Regulations – update

Posted on 2 December 2020 – click here