Anti money laundering reforms

The Federal Government is introducing new Anti-Money Laundering and Counter-Terrorism Financing legislation this year. The AML/CTF regime will come into effect on 1July 2026. This will impact how we work with you.

What it means
As of 1 July 2026, professional services firms (including ours) will be subject to new anti-money laundering regulations under Australian law. This means we may need to request identification documents and other information from you, in order to continue our engagement with you.

Why is it happening?
These requirements have been put in place to provide enhanced security and protection from financial crime in Australia.

What do you need to do?
Nothing yet! However, if you’re a company director or trustee, we may soon ask for documentation to demonstrate ownership and control. We must be able to prove that we are working with who we say we are working with!

What’s next?
We are preparing for these changes now, so that we can make the process as smooth for you as possible. Once we have the appropriate systems in place, we will contact you again with instructions on how to provide your documentation.

Further information can be found on the AUSTRAC website.

Published 16/03/26