ARTICLE · 04 JUNE 2026

Incoming AML/CTF Changes: Are You Ready?

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Law firms, real estate agents, property developers, conveyancers, accountants, trust and company service providers and precious commodities dealers (Tranche 2 entities), will need to comply with reporting entity obligations under the Anti-Money Laundering/ Counter-Terrorism Financing 2006 (Cth) (AML/CTF Act) from 1 July 2026. They will also need to enrol with AUSTRAC by 29 June 2026.

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This article was co-authored by Jericha De Vera, Law Graduate. Originally published 04/05/2026.

Key takeaways

Law firms, real estate agents, property developers, conveyancers, accountants, trust and company service providers and precious commodities dealers (Tranche 2 entities), will need to comply with reporting entity obligations under the Anti-Money Laundering/ Counter-Terrorism Financing 2006 (Cth) (AML/CTF Act) from 1 July 2026. They will also need to enrol with AUSTRAC by 29 June 2026.
Tranche 2 entities will be required to comply with the obligations set out under the AML/CTF Act including specified record keeping and reporting obligations as well as the implementation of a AML/CTF program aimed at minimising an entity’s risk exposure to AML/CTF activities and use of its services and or products to facilitate same.

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