From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws will apply to some legal services in Australia, and all of Lawpoint’s.
As a result, if you engage Lawpoint for certain matters such as commercial law matters like a sale or purchase of a business; or property law matters like conveyancing, we may need to collect and verify additional information before we can commence work.
For most clients, the process will be straightforward and involve providing identification documents and answering a small number of questions about the matter.
Why are these changes happening?
The Australian Government has expanded anti-money laundering laws to include certain legal services.
The aim is to help prevent money laundering, terrorism financing and other financial crimes by requiring professionals involved in certain transactions to verify the identity of their clients and understand the nature of the work being undertaken.
What might we ask for?
Depending on the type of matter, we may ask you to provide identification documents such as a driver’s licence or passport, confirm your residential address, or provide information about the purpose of a transaction.
In some circumstances, we may also need information about the source of funds involved in a matter, whether you are acting on behalf of another person, or who may ultimately benefit from a particular arrangement.
Why do some of the questions seem so personal?
We understand some of these questions may feel more detailed than those you’ve been asked in the past.
Please be assured that these enquiries are not about suspicion or distrust. They are part of a regulatory framework that applies to legal professionals and are designed to help protect the integrity of Australia’s financial system. In other words, we are only doing what we are legally required to do.
If we need additional information, we’ll explain what we need, why we need it and how it relates to your matter.
How will my information be protected?
Protecting your privacy is important to us.
Any information you provide will be handled with the utmost care and in accordance with our privacy and confidentiality obligations. Information collected as part of these requirements will only be used for legitimate legal and regulatory purposes.
What happens if I choose not to provide the information?
In some circumstances, the law requires us to verify certain information before we can provide legal services. If the required information is not provided, we may be unable to act for you or continue with your matter.
What supports are available to parents who struggle financially?
Parents may be eligible for Legal Aid, community legal centre assistance, or Lawpoint’s no win, no fee arrangements for compensation claims.
Parents may be eligible for Legal Aid, depending on their circumstances. Some community legal centres also offer support. At Lawpoint, in the case of compensation claims, our no win, no fee model provides another option for families who need legal help but are concerned about upfront costs.
Questions?
If you’re considering engaging Lawpoint and would like to understand how these changes may affect your matter, our team is happy to help. You can find our contact details here.
You can also download the Law Society of NSW fact sheet for more information.