If your business is newly regulated under Australia's new anti-money laundering and counter-terrorism financing (AML/CTF) laws, you must enrol with us by 29 July 2026.
The new laws commence on 1 July 2026. If they apply to your business, act now – don't delay your enrolment.
The reforms may apply to you if you provide designated services as a:
- legal professional
- accountant
- conveyancer
- real estate professional
- dealer in precious metals, stones or related products.
Why are the reforms necessary
Serious and organised crime has real and devastating impacts on the community, including human trafficking, child exploitation and serious drug crime. Money laundering helps criminals hide profits from these activities and move funds through legitimate businesses and systems.
With financial crime costing Australia up to $82 billion each year, these reforms will help close gaps criminals have been exploiting and strengthen Australia's ability to detect and disrupt serious crime.
Take action now
You must complete enrolment with us by 29 July 2026 through AUSTRAC Online. You'll need information about:
- your business
- the services you provide
- applicant and business details.
Find out what you’ll need to prepare for the new enrolment forms.
Your obligations start 1 July
By now, you should have the right people, processes and controls in place to meet your AML/CTF obligations.
This includes:
- having developed and maintaining an AML/CTF program that identifies and manages your risks
- appointing an AML/CTF compliance officer
- ensuring your staff are trained
- being ready to identify and report suspicious activity when required.
More support
For guidance and resources to help you understand and meet your new AML/CTF obligations, visit our obligations and guidance and education pages.
If you need further assistance, contact us.