Resources

Get ready for Australia’s AML/CTF Tranche 2 laws

Australia’s Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill came into law in December 2024. The legislation extends the AML/CTF regime to include services provided by designated non-financial businesses and professions (DNFBPs). These include lawyers, accountants, real estate agents, trust and company service providers, and dealers in precious metals and stones (also known as Tranche 2 entities). The reforms aim to improve the effectiveness of Australia’s AML/CTF regime, reduce the complexity and regulatory burden of AML and CTF, and ensure Australia’s AML/CTF regime is fit for purpose.

Ready to be free of your AML/CTF compliance stress?