Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime is undergoing major reforms to meet international FATF standards. Beginning 31 March 2026 for existing reporting entities, and 1 July 2026 for new “Tranche 2” reporting entities, including real estate agents and developers and professional service providers, these changes will expand and simplify AML/CTF obligations and strengthen Australia’s fight against financial crime. While the primary legislative reforms have passed into law, key details under the new regime are still being consulted on through AUSTRAC Rules. Reporting Entities must ensure they have, and implement, AML/CTF Risk Assessments and Policies to comply with the changes. Early business engagement and preparation is key. Gadens’ Financial Services Regulation team has extensive AML/CTF expertise and can help clients prepare for these reforms. For more information about what these changes mean for your business, contact our team.

https://www.gadens.com/legal-insights/is-your-business-ready-for-australias-new-aml-ctf-reforms/

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