Appointing an AML/CTF Compliance Officer in the new AML/CTF regime has some different rules to the game.

FAQs on a reporting entity engaging an AML/CTF adviser

AUSTRAC has undertaken a series of regulatory actions in 2025, a tone that is echoed in the recently released 2025–26 Regulatory Priorities. Together, these actions and priorities signal a clear message: compliance expectations continue to rise to mitigate financial crime risks, and failure to meet AML/CTF obligations will draw regulatory action. 2025 continues the intense momentum of reform for AUSTRAC as it rolls out the new AML/CTF regime across industry. Alongside these s

Implementing the changes under the updated AML/CTF regulations will be a significant activity. We discuss a few relevant pointers.

Here is a quick round up of some of the key events in the Australian AML and FCC landscape during 2024. The events are discussed in no particular order. A.       AML/CTF - Developments Updated AML/CTF law | December 2024 | The year 2024 started - or atleast it felt like it did - on a disappointing note, as the stakeholders had been waiting for months for the second AML/CTF reforms consultation paper. Things finally began moving in May 2024, and since then there has been no

[The AML/CTF Amendment Bill has passed in the Parliament on 29/11/2024. Refer chronology, details and a summary of amendments to the Bill towards the end of this article] [The AML/CTF Amendment Bill has received the Royal assent on 10/12/2024, and has thus become an Act (No 110 of 2024)] Background In a significant step, the Attorney General introduced the Anti-Money Laundering and Counter-Terrorism Financing ( AML/CTF ) Amendment Bill 2024 (Amendment Bill /Bill) into Parlia

About Tranche 2 Tranche 2 refers to the proposal for a second set of Reporting Entities (REs) to be included in the scope of the...