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ARTICLE · 25 AUGUST 2025

Preparing For AML/CTF Reforms

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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Australia's anti-money laundering and counter-terrorism financing (AML/CTF) regime is undergoing significant reform. Part of these reforms is the expansion of the Anti-Money Laundering...

AustraliaGovernment, Public Sector
David Sinn
David Sinn
Luke Simpson
Luke Simpson
Alice Molan
Alice Molan
Charlotte Henry
Charlotte Henry
Bryony Adams
Bryony Adams
Kate S Cahill
Kate S Cahill
Jacqueline Wootton
Jacqueline Wootton
Julia Massarin
Julia Massarin
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Australia's anti-money laundering and counter-terrorism financing (AML/CTF) regime is undergoing significant reform. Part of these reforms is the expansion of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act) to the real estate sector and providers of professional services. This expanded scope will take effect from 1 July 2026.

We have highlighted key steps that we recommend entities in the real estate sector undertake to ensure that they are ready for these significant regulatory reforms.

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Designated service review

The AML/CTF Act will only apply to providers of "designated services" – providers of designated services are known as "reporting entities".

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