Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 07 MAY 2025

Market Intelligence Thought Leadership Award Winner

Understanding AML/CTF Reforms – Part 2: Value Transfers

Sophie Grace Pty Ltd
Explore more from Sophie Grace Pty Ltd

The concept of "value transfer" has been introduced & has associated reporting implications for reporting entities.

AustraliaFinance and Banking
Larissa Tan
Larissa Tan
Author LinkedIn connections

Reforms to Australia's AML/CTF regime have been passed and are set to commence in 2026. The concept of "value transfer" has been introduced and has associated reporting implications for reporting entities (financial institutions, remittance providers and virtual asset services providers – current digital currency exchanges).

Further details are to come in the new AML/CTF Rules (currently in draft). While these changes do not start until 31 March 2026, reporting entities should become familiar with these changes by reviewing the draft rules so that they are on track to implement them when they are finalised. This will help ensure they continue to stay compliant with the AML/CTF regime in its next iteration.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Australia's Enhanced Substantial Holding Disclosure And Beneficial Ownership Disclosure Regime Comes Into Effect From 4 December

Australian financial markets face a fundamental shift in disclosure requirements from December 2026, as new rules expand substantial holding obligations beyond traditional voting interests to capture derivative positions and economic exposure. Market participants must now navigate complex calculations involving physically settleable derivatives, cash-settled instruments, and offsetting short positions—with no grandfathering for existing holdings.
AustraliaFinance and Banking
K&L Gates
K&L Gates
Article

New Payment Models Face A Broader Licensing Regime

Australia's payment services landscape is undergoing a fundamental regulatory transformation with the introduction of new legislation that shifts focus from specific technologies to the functions and activities performed by payment service providers. The Treasury Laws Amendment Bill 2026 will replace the existing non-cash payment facility framework with a comprehensive licensing regime that distinguishes between payment products and payment services, potentially capturing previously unregulated payment
AustraliaFinance and Banking
McCabes
McCabes
Article

Australia's Updated Financial Innovation Strategy

The Australian Government has unveiled its Financial Innovation Strategy, introducing a new Financial Innovation Committee and overhauling the Enhanced Regulatory Sandbox framework to better support emerging businesses testing innovative financial products. The strategy encompasses reforms across consumer data rights, digital assets, tokenised infrastructure, and regulatory frameworks designed to position Australia as a leader in financial innovation.
AustraliaFinance and Banking
K&L Gates
K&L Gates