Wednesday, 21 May 2025
Chair
Megan Styles, Barrister, Foley’s List
Description
Attend and earn 0.5 CPD unit in Substantive Law
This program is applicable to practitioners from all States & Territories
AUSTRAC Monitoring and Enforcement: What Real Estate Professionals Need to Know
- Overview of AUSTRAC monitoring: the AUSTRAC compliance monitoring process
- Red flags for AUSTRAC scrutiny: What triggers an investigation in real estate?
- How to prepare for AUSTRAC compliance assessments: best practices for responding to AUSTRAC inquiries
- Regulatory consequences: What real estate professionals should understand about enforcement actions
Presented by Timothy Goodrick, Director, Forensic, KPMG Australia; Specialising in design, implementation, remediation and operational control of AML systems and leading technology, machine learning and AI in the financial crime
Presenters
Megan Styles, Barrister, Foley’s List
Megan is a barrister at the Victorian Bar and accepts briefs across Australia in a broad range of matters. She has a particular interest in matters involving AML/CTF legislation, asset tracing and proceeds of crime/asset confiscation, financial crime investigations, disclosure issues, law enforcement, bankruptcy and insolvency law and mortgage disputes. Prior to being called to the Bar, Megan was a Principal Litigation Lawyer and Team Leader with the Australian Federal Police Criminal Assets Litigation team of the Criminal Assets Confiscation Taskforce. Megan regularly advises and appears in matters involving state and federal agencies, corporations, law enforcement bodies and financial institutions, in a variety of courts and tribunals. She is currently undertaking her PhD at Monash University, on proceeds of crime. In 2023, Megan was invited to present at the International Symposium on Economic Crime at Cambridge University and in 2024, attended the United Nations Office on Drugs and Crime Summer School on Transnational Organised Crime.
Timothy Goodrick, Director, Forensic, KPMG Australia
Tim is a Director in KPMG’s Financial Crime practice where he specialises in leading projects to design and implement effective systems to combat financial crime, with a focus on financial crime transformation. Tim works with clients in the financial and gaming sectors across the financial crime ecosystem including customer due diligence, transaction monitoring, targeted operating models, technology, data, remediation, and sanctions. Tim joined KPMG in 2019 from the Financial Action Task Force (FATF) where he spent 5 years based in France and South Korea. At the FATF, Tim led projects to develop policy on beneficial ownership, anti-corruption and virtual assets, and assessed countries against the FATF standards. Most recently, Tim was the acting Director at the FATF’s Training and Research Institute in South Korea. Prior to joining the FATF, Tim worked in the Australian Government (2007-2012) as the Director of Financial Crime at the Australian Attorney-General’s Department, and previously at AUSTRAC in policy and compliance. Tim has represented Australia and the FATF internationally in various international fora, including at the FATF, G20, OECD, United Nations, Asia-Pacific Group, and the Basel Committee.
