Anti-Money Laundering & Counter-Terrorism Financing Reforms

New legislation from 1 July 2026

There is new Australian legislation that requires accountants to do more stringent identity verification of our clients as part of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms. 

To help explain these changes, we have provided an information poster developed by AUSTRAC, Australia's financial intelligence agency and AML/CTF regulator. The poster outlines why businesses may request identification from their clients and what you can expect as these new requirements are introduced. Read more.