Australia's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime is expanding to capture a range of deemed 'high risk' professional services from 1 July 2026. Formerly, this regime was only applicable to businesses operating in the financial and gambling sectors. Now, accountants, lawyers and real estate professionals will be subject to the strict AML/CTF obligations designed to reduce the risk of money-laundering and terrorism-financing (ML/TF) occurring when providing certain professional services.

Read More