Your essential AML/CTF report:
Key insights for Australian businesses
From 2026, Australia’s AML/CTF regime will expand to include lawyers, accountants, real estate agents, trust and company service providers, and dealers in precious metals and stones. Under the AML/CTF Amendment Act 2024, these sectors must meet new compliance obligations. The reforms align with global FATF standards and will be overseen by AUSTRAC.
Key obligations include:
- Confirm if you provide designated services
- Enrol with AUSTRAC
- Implement an AML/CTF compliance program
- Conduct customer due diligence
- Report suspicious and threshold transactions
- Keep required records
- Train staff and ensure compliance oversight
