Overview

From 1 July 2026, Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime, regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC), is expanded to cover higher-risk services provided by certain industries, including the accounting sector. 

The AML/CTF regime establishes a regulatory framework for combatting money laundering, terrorism financing and other serious financial crimes. It applies to all designated services provided by registered tax practitioners, including certain professional services. 

If you provide any of these services, you need to comply with AUSTRAC’s AML/CTF requirements, in addition to your obligations under the Tax Agent Services Act 2009 (TASA). 

To ensure you are ready for the changes, you should:

• familiarise yourself with the requirements of the AML/CTF regime
• determine if and how the regime applies to the services you provide
• take steps to prepare for the changes and ensure you meet your obligations.

Further information

For an overview of the changes to AUSTRAC’s AML/CTF regime relevant to registered tax practitioners, see our factsheet. 

For more information on the AML/CTF reform, including an explanation of the designated services, including professional services, it covers, and guidance to help you get ready for the changes, refer to the AUSTRAC website.