ARTICLE · 01 JUNE 2025

FACT SHEET: What is an AML/CTF Program?

Holley Nethercote

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AML/CTF Program is a key tool to protect your business from being used for the purpose of facilitating money-laundering or terrorism-financing activities.

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This Fact Sheet has been prepared based on the future requirements of the AML/CTF for Tranche 2 entities that will commence 1 July 2026.

An AML/CTF Program is not only a core compliance requirement of reporting entities who come within the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act but is also a key tool to protect your business from being used for the purpose of facilitating money-laundering or terrorism-financing activities.

Not sure if you need to enrol as a reporting entity? Use the AUSTRAC's 'Check if you'll be regulated' tool

Your AML/CTF Program must include two core components:

ML/TF risk assessment, and
AML/CTF policies.

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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.

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