AML Ethics (1 CPD Point)
Free Training (Webinar) 10 SEPT @ 12:30 AEST
Client Confidentiality Dilemma
Earn 1 Free CPD Point (Australia – Legal Ethics & Professional Responsibility)
From 1 July 2026, Australian lawyers and Accountants (amongst others) will be subject to new AML/CTF obligations as “reporting entities.”
This free CPD module explores the tension between client confidentiality, legal professional privilege, and the new duty to report suspicious matters to AUSTRAC.
Case Study: The Client Confidentiality Dilemma
Jane, a successful entrepreneur, seeks advice from lawyer Mr. Smith on structuring her new business. In a confidential meeting she says:
“This is to make sure the tax authorities can’t see all the money and to reduce my tax bill to almost nothing.”
Mr. Smith recognises this is a scheme for tax evasion. The dilemma:
Does Legal Professional Privilege protect the conversation?
Must Mr. Smith file a Suspicious Matter Report (SMR) under the new AML/CTF regime?
Key Learning Questions
What are Mr. Smith’s immediate obligations?
Can he ethically continue to act for Jane?
What is an SMR?
How does LPP interact with reporting obligations?
How can he manage the situation without “tipping off” Jane?
Learning Outcomes
After completing this case study, you will be able to:
✔ Explain the ethical and legal duties of lawyers in tax evasion scenarios
✔ Distinguish between LPP and the crime-fraud exception
✔ Understand the requirements for filing an SMR under AML/CTF laws
✔ Manage ethical conflicts without breaching “tipping off” laws
CPD Accreditation
Category: Ethics & Professional Responsibility
Points: 1 CPD unit
Format: Online interactive case study (self-paced)
Cost: Free
Organised by: ARevolution and Untold Compliance
Register Free
Webinar link will be provided after registration.
Certificate issued on completion.