From 1 July 2026, AML/CTF obligations apply to lawyers, real estate, accountants, trust & company service providers, and dealers in precious metals/stones.
5 sectors
New reporting entities entering AML/CTF.
Detail
New reporting entities
Lawyers
Real-estate, entity formation, client-money work.
Accountants
Designated services — not pure tax advice.
Real estate agents
Sales and purchase representation.
Trust & company SPs
Forming, operating, selling vehicles.
Precious metals & stones
A$10k+ transactions.
Checklist
Core obligations from day one
- Enrol with AUSTRAC.
- Appoint an AML/CTF compliance officer.
- Document the ML/TF risk assessment.
- Adopt tailored AML/CTF policies.
- Apply CDD to every customer of a designated service.
- Submit SMR, TTR and IFTI reports as required.
- Keep records for at least 7 years.