AUSTRAC has released its anti-money laundering program starter kits (kits), designed specifically to help small businesses in newly regulated sectors to meet their compliance obligations and manage ML/TF risks, while also reducing the time and cost of compliance. 

Obligations for businesses currently regulated under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) change on 31 March 2026. This update sets out our expectations for current regulated businesses in progressing towards implementing these changes and meeting their obligations. In particular, it also sets out our expectations in respect of implementation plans.

This regulatory quick guide provides an overview of your obligations for customers or beneficial owners who are politically exposed persons (PEPs).

• Download the Regulatory quick guide - Politically exposed persons (PDF, 333KB)

Financial institutions can carry out applicable customer identification procedures (ACIP) in respect of a customer after commencing to open an account in certain circumstances. This is on the condition that appropriate risk-based systems and controls are in place, including to ensure no further designated services can be provided other than deposits to the account or designated services incidental to the opening of the account or a deposit.  

This guide has been developed for pubs and clubs who are licensed to operate electronic gaming machines (EGMs), to gain a thorough understanding of your AML/CTF obligations.

This information will help you understand and implement reforms related to correspondent banking, which came into effect on 17 June 2021.

This information will help you understand and implement reforms related to customer due diligence, which came into effect on 17 June 2021.