What every lawyer needs to know about the risks of advising clients in delicate and often time-pressured situations relating to anti-money laundering (AML), sanctions and economic crime. As major changes take place in the Australian AML regulatory landscape, the Fourth Directive in Europe, potential new legislation in the US and further Financial Action Task Force (FATF) reports elsewhere, the panel will discuss current and topical issues and risks, recent legislative changes and case law, and the important things for lawyers to remember to avoid serious reputational risk and criminal investigation or charge. Given that the conference is in Sydney this year and Australia will be implementing AML legislation that is specifically applicable to the legal profession for the first time, we will have a specific focus and contributions on legislative, regulatory and enforcement trends in Australia, and see how experience and expertise from other jurisdictions can be utilised to assist with the transition to a regulated sector environment.