This paper aims to explore the ways in which the international standards in the field of anti-money laundering (AML) and counter-terrorist financing (CTF) have reshaped regulatory regimes in a globalised world.,This paper deconstructs the origins and development of international standards in the field of AML and CTF dealing with longstanding legal professional privilege. This paper adopts both qualitative and quantitative research methodologies. The qualitative aspect comprises a literature review of sources, including scholarly works, Financial Action Task Force (FATF) recommendations, reports and domestic laws. The quantitative aspect analyses a unique and comprehensive table reproduced below, that indicates Australia’s compliance with all the FATF recommendations over more than a decade with full alternation to FATF’s revisions of its recommendations.,This paper demonstrates that an understanding of the influence of the FATF norms can shed light on the departure from regular lawmaking processes and emerging forms of international governance. The conclusion suggests that tranche II is coming and Australia will amend it in domestic regime to comply with the international standard, applying the AML/CTF regime to the legal profession and thus interfering with legal professional privilege. The question is not if but when.,This paper fills the gaps in the existing literature by contemplating the future of legal professional privilege globally and in Australia, which provides a case study of a regime that does not yet comply fully with AML and CTF international standard. This approach differs significantly from that of other literature in the field, which deals comprehensively with the theoretical foundations of legal professional privilege, as well as its practicalities and limitations, without considering the influence of the international non-binding norms.

中文翻译：

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在全球化世界中逆向工程法律专业特权–澳大利亚案例

本文旨在探讨反洗钱（AML）和反恐融资（CTF）领域中的国际标准如何在全球化的世界中重塑监管制度。本文解构了国际法的起源和发展AML和CTF领域中涉及长期法律专业特权的标准。本文采用定性和定量研究方法。定性方面包括对文献的文献综述，包括学术著作，金融行动特别工作组（FATF）的建议，报告和国内法律。定量方面分析了以下唯一且全面的表格，这表明澳大利亚在过去十多年中遵守了FATF的所有建议，并完全替代了FATF对其建议的修订。本文证明，对FATF规范的影响的理解可以阐明常规立法程序和新兴法规的背离。国际治理形式。结论表明，第二批付款即将到来，澳大利亚将在国内制度中对其进行修订以符合国际标准，将反洗钱/反恐怖主义融资制度应用于法律职业，从而干扰法律职业特权。问题不是，而是何时。本文通过思考全球和澳大利亚法律职业特权的未来，填补了现有文献中的空白，该案例提供了一个尚不完全符合AML和CTF国际标准的制度的案例研究。这种方法与本领域的其他文献有很大不同，后者不考虑国际非约束性规范的影响，而全面论述了法律职业特权的理论基础，其实用性和局限性。