Neil Jeans

Quick summary From 1 July, AML/CTF changes apply, but not all organisations will be captured – it depends on your operating model. Misinterpretation is the key risk; compliance where it’s not needed increases cost but under-compliance exposes you to regulatory risk. A targeted assessment provides clarity on obligations and where to focus effort. From 1 July, the updated AML/CTF regime* takes effect for entities which provide real estate or property based services.

Quick summary The AML/CTF Amendment Bill 2026 gives AUSTRAC new powers to restrict or prohibit the use of high‑risk mechanisms such as crypto ATMs by reporting entities. The changes are driven by growing concerns about cryptocurrency being used for money laundering, scams and organised crime in Australia. It also introduces targeted technical amendments to KYC requirements, politically exposed person definitions and legal professional privilege processes.

Quick summary New AML/CTF Amendment Rules, Class Exemptions and Transitional Rules took effect from 31 March 2026, updating Australia’s AML/CTF framework and supporting the broader reforms introduced under the AML/CTF Amendment Act 2024.