New AML reforms and what they mean for accountants
(This encore presentation episode was originally published on Dec 9, 2025)
When anti-money laundering (AML) comes to mind, most accountants assume it only applies to large transactions – but that's now changing.
This episode explains new AML obligations for accountants. Specifically, how the reforms to AML and counter terrorism financing (CTF) in 2026 will affect many accounting practices.
You'll gain a clear understanding of what the changes will mean, including which services fall under the new designated services rules, how the regulator AUSTRAC (Australian Transaction Reports and Analysis Centre) will assess compliance and what firms can do now to prepare.
Key learnings include:
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An explanation of the regulator AUSTRAC's role and tranche two reforms to the AML/CTF regime
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The timeline for implementation of these new reforms
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How to identify whether your services qualify as "designated" services
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How to conduct risk assessments
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Why client onboarding and beneficial ownership checks will become more detailed
