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ARTICLE · 09 JULY 2026

Final Checklist Before 1 July: Are You Ready For Australia’s AML/CTF Reforms?

Holding Redlich
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Australia's AML/CTF reforms take effect on 1 July 2026, requiring real estate agents, property developers, accounting firms, law firms and other newly captured entities to demonstrate full compliance. Are you prepared with the necessary risk assessments, documented programs, trained staff, operational systems and AUSTRAC enrolment to meet the critical 29 July 2026 deadline?

AustraliaCorporate/Commercial Law
David Chambers
David Chambers
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With Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms taking effect on 1 July 2026, the countdown is on for Tranche 2 businesses. Real estate agents, property developers, accounting firms, law firms and other newly captured entities should now be moving from awareness to implementation.

By 1 July 2026, businesses should be able to demonstrate that they have assessed whether they provide designated services, documented their money laundering (ML), terrorism financing (TF) and proliferation financing (PF) risks, approved an appropriate AML/CTF program, implemented practical systems and controls, trained staff, tested workflows, and retained the records needed to evidence compliance.

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