find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Allens appoints AML specialist

Allens appoints AML specialist

ALLENS ARTHUR ROBINSON has covered all bases with the appointment of Judy Maguire to its anti-money laundering (AML) team.A former legal adviser to the president of the Financial Action Task…

ALLENS ARTHUR ROBINSON has covered all bases with the appointment of Judy Maguire to its anti-money laundering (AML) team.

A former legal adviser to the president of the Financial Action Task Force on Money Laundering (FATF), Maguire will bring international experience at both operational and policy levels to the firm’s AML practice.

This is expected to be a growth area as the proposed AML legislation promises to have implications for clients across the firm.

Maguire has in-depth knowledge of the FATF 40 recommendations, which form the basis of the proposed AML laws. She was a member of working groups on the review of FATF 40 Recommendations and advised on the FATF special recommendations on terrorist financing. She also advised on Hong Kong’s AML policy formulation, with a focus on international cooperation on money laundering and the recovery of assets.

Anna Lenahan, who heads the AML team with Peter Jones, said the firm felt it was important to have a team that could look at the pro-posed AML legislation and advise clients on how it would work internationally, while applying the lessons that were “still being learnt overseas” to Australia.

“Taking [Maguire] on board enables us to put some international context to the legislation when it comes through,” Lenahan said.

“We felt she would give us that in-depth knowledge and international experience. She is a really, really good addition to our already strong team.”

Her experience updating the Australian comparative analysis section of Butterworth’s Anti-Money Laundering Law and Practice also gave her an edge.

“One of the things we are going to be doing as soon as the draft is released is comparing it across the board to see how it works and compares to what is out there already,” Lenahan said.

Maguire has also conducted criminal and civil AML litigation in Hong Kong and practised as a senior litigator in Australia, specialising in market misconduct, breaches of corporate governance, fraud, ASIC matters, regulatory matters and Commonwealth prosecutions.

She said the firm had targeted Maguire because of the breadth of her experience. “We believe that AML is going to have quite a big impact for a lot of our clients firm-wide and we have set up our team to reflect that with broad expertise,” Lenahan said.

“We want a team with enough experience and enough expertise across the board to be able to advise not just a particular group of clients but all of them.”

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Allens appoints AML specialist
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...