AML Compliance for Accountants, Lawyers and Advisers

 

 

 

 

 

AML Compliance Information

It became mandatory on 29 July 2026 for Tranche 2 entities.

We’ve created a dedicated resource to help you better understand the changes that came into effect, what they mean for your business, and how to comply.
Visit our AML Information Hub

Meeting Your AML Obligations

Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms have expanded and many businesses are now subject to new compliance obligations.

You may be required to meet new regulatory requirements, including client identification, risk assessments, and ongoing compliance processes.

If you’re unsure whether these obligations apply to you, AUSTRAC provides a simple tool to help you find out. Just answer a few questions about your business and the services you offer.

 
Preparing for New AML Obligations
AUSTRAC Questionnaire

Why it Matters

Failing to comply with AML obligations can result in:

  • Increased regulatory scrutiny
  • Delays in transactions and client onboarding
  • Potential penalties and reputational risk

Taking steps now can help ensure your business is prepared, compliant, and operating with confidence.

 
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Key AML/CTF Responsibilities for Eligible Businesses
KYC Verification
Risk Assessment
AML/CTF Compliance
Monitoring & Reporting
Verify client identity and beneficial ownership Identify and document client and matter risk Implement a compliant AML/CTF framework Ongoing obligations to monitor and report activity
To make compliance easier, we’ve created a practical guide and checklists to help you track and complete your obligations.
 

 
Download Our Checklist & Guide

 

Get Support with AML Requirements

Changes to AML regulations impact how our business operates, manages, and monitors client orders. Being aware of your responsibilities helps reduce delays and ensures smoother processes.

To make this easier, we’ve created a dedicated website: www.amlinfo.com.au – your central hub for everything AML related, including:

  • Clear explanations of AML obligations
  • Answers to frequently asked questions
  • Practical resources and guidance, including checklists
  • Quick links to relevant articles and official Federal Government information

Visit today to stay informed and prepared.

 
Visit our AML Resource Hub  Subscribe to stay up-to-date

 

How We Can Help

At Castle Corporate, we support professionals by ensuring their documentation is accurate, compliant, and fit for purpose.

From establishing new entities to reviewing existing structures, our team helps identify and rectify issues that may impact your compliance position under the new AML framework.

If you would like assistance reviewing your documents or preparing for these changes, our team is here to help.

 
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Latest News

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