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Australia AML/CTF Reform 2026 | AUSTRAC Update

First announced: AML/CTF Amendment legislation adopted in 2025; expanded obligations phased in through 2026–2027.
Submitted by: NYBACS Compliance Desk

What changed

The reforms broaden coverage to certain professional services and digital asset providers. Enhanced reporting, customer due diligence and beneficial ownership checks are required.

Who’s affected

Law firms, accountants, real estate intermediaries, crypto exchanges and financial service providers operating in Australia.

Immediate actions

• Conduct AML risk assessment.
• Develop formal AML/CTF program.
• Register with AUSTRAC if required.
• Implement KYC and reporting workflows.

Practical notes & timeline

Phased rollout begins in 2026, with transitional guidance issued by AUSTRAC.

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