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ARTICLE · 03 JULY 2026

AML Reforms Effective 1 July 2026

Piper Alderman
Piper Alderman
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Piper Alderman

Piper Alderman

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Australia's anti-money laundering and counter-terrorism financing regime is expanding to include lawyers, accountants and other professional service providers from July 2026. Piper Alderman is implementing comprehensive compliance systems to meet these new obligations, which will affect client onboarding, transaction monitoring and matter management processes across the firm.

AustraliaCorporate/Commercial Law
Piper Alderman
Piper Alderman
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How Piper Alderman is preparing for AML/CTF reforms and what it means for our clients

Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime is expanding, with certain services provided by lawyers, accountants and other professional service providers to be brought within scope from 1 July 2026.

The reforms represent a significant change for professional services firms and their clients, particularly where matters involve higher-risk transactions, complex structures or designated services under the amended regime.

Piper Alderman is preparing for the new obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), as amended by the recent “Tranche 2” reforms, and is implementing systems and processes to support compliance across the firm.

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