Anti money laundering reforms alert

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You’ll be introduced to Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) law reforms that come into effect on 1 July 2026. These reforms may impact you in your role as a professional accountant in business or practice.

Designed for accountants in business or practice, the course helps participants identify whether their services fall under the new “designated services” category and outlines their compliance obligations.

You’ll explores the nature of serious crimes — such as money laundering, terrorism financing, and tax evasion — the role of AUSTRAC as regulator and the importance of a risk-based approach to compliance.

The course also details the obligations of reporting entities, including enrolling with AUSTRAC, developing an AML/CTF program, conducting customer due diligence, reporting suspicious matters, and maintaining records. It provides a staged roadmap for organisational readiness, with key milestones leading up to full compliance by July 2026.

This is a self-paced digital learning session that will take approximately one and a half hours to complete.

Learning outcomes:

• Define key terms associated with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) reforms
• Recognise some of the red flags associated with money laundering, terrorism financing and proliferation financing
• Explain the role of the accounting profession in combating financial crime, through AML/CTF obligations; and
• Identify and commence preparations to meet your organisation’s obligations under Australia’s AML/CTF reforms.

Key benefits of attending:

• Build confidence in navigating AML/CTF reforms by understanding key terminology and concepts used in Australia’s updated legislation
• Learn to detect financial crime by recognising common red flags associated with money laundering, terrorism financing, and proliferation financing
• Understand the critical role of the accounting profession in combating financial crime and fulfilling AML/CTF obligations; and
• Prepare your organisation for compliance with the AML/CTF reforms by identifying its responsibilities and initiating practical steps toward meeting them.