2025 Anti-Money Laundering and CTF Rules introduced in Parliament

The Rules provide supplementary detail to obligations under the amended AML and CTF Act 2006 and aim to enhance the laws to meet global best practice

Key changes include:

➡️Current obligations: Changes include updates to due diligence requirements and the definition of bearer negotiable instruments;

➡️Reporting requirements: Updates to the information reported to AUSTRAC through the enrolment and registration process; and

➡️ Covered industries: Expanded coverage of rules to businesses in tranche 2 sectors such as accountants and lawyers.

🗓️ Firms operating in Australia should review the new Rules to identify affected controls and obligations ahead of their introduction, beginning 31 March 2026.