Category Business and Commercial

This article was written by Melinda Gao Principal Solicitor at W & G Lawyers. 

What is Money Laundering?

Money laundering is when someone takes money earned through crime — say, from drug dealing or fraud — and tries to make it look like it came from a legitimate source. Anti-Money Laundering (AML) laws exist to stop this from happening by requiring certain businesses to check who their clients are and watch out for anything suspicious.

Read More

In Queensland, it is very common for banks and lenders to ask an individual to act as a guarantor for another person or a business. You may be asked to guarantee a loan for your company or a family member. Many people agree without fully understanding the legal and financial consequences—particularly when the document also contains an indemnity, which creates significantly greater exposure.

This guide explains the difference between a guarantee and an indemnity, the risks involved, and what you should carefully consider before signing.

Read More