{"id":23478,"date":"2026-01-27T11:30:45","date_gmt":"2026-01-27T01:30:45","guid":{"rendered":"https:\/\/www.dbaadvisory.com\/?p=23478"},"modified":"2026-06-03T18:44:51","modified_gmt":"2026-06-03T08:44:51","slug":"aml-ctf-compliance-australia","status":"publish","type":"post","link":"https:\/\/www.dbaadvisory.com\/en\/aml-ctf-compliance-australia\/","title":{"rendered":"AML\/CTF Compliance in Australia"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"23478\" class=\"elementor elementor-23478\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7625f44 e-con-full e-flex e-con e-parent\" data-id=\"7625f44\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-7329530 e-con-full e-flex e-con e-child\" data-id=\"7329530\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-a448330 e-con-full e-flex e-con e-child\" data-id=\"a448330\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-495b705 e-con-full e-flex e-con e-child\" data-id=\"495b705\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bef9c95 elementor-widget__width-inherit elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"bef9c95\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">AML\/CTF Compliance in Australia<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2a4975a e-con-full e-flex e-con e-child\" data-id=\"2a4975a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e12d417 elementor-widget elementor-widget-post-info\" data-id=\"e12d417\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-c163c3a elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.dbaadvisory.com\/en\/2026\/01\/27\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>January 27, 2026<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-aa53278 elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-clock\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-time\">\n\t\t\t\t\t\t\t\t\t\t<time>11:30 am<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-db6bc01 elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-book-open\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-custom\">\n\t\t\t\t\t\t\t\t\t\t10 - 12 min read\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7dfd759 e-con-full e-flex e-con e-parent\" data-id=\"7dfd759\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-116333b e-con-full e-flex e-con e-child\" data-id=\"116333b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-c9dfc7a e-con-full e-flex e-con e-child\" data-id=\"c9dfc7a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-d416e7b e-con-full e-flex e-con e-child\" data-id=\"d416e7b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0418c09 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"0418c09\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>AML\/CTF compliance in Australia undergoes its most significant expansion in two decades, extending full obligations to accountants, lawyers, real estate agents, and trust service providers under the AML\/CTF <a href=\"https:\/\/www.homeaffairs.gov.au\/criminal-justice\/Pages\/overview-of-the-amlctf-amendment-act.aspx\" target=\"_blank\" rel=\"noopener\">Amendment Act 2024<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cbf5b34 e-con-full e-flex e-con e-child\" data-id=\"cbf5b34\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d42044e elementor-toc--content-ellipsis elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"d42044e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;container&quot;:&quot;Main&quot;,&quot;marker_view&quot;:&quot;numbers&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_widescreen&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet_extra&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile_extra&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h5 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h5>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__d42044e\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__d42044e\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__d42044e\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-176daec e-con-full e-flex e-con e-child\" data-id=\"176daec\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-afdcfa6 elementor-widget elementor-widget-heading\" data-id=\"afdcfa6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The compliance gap closes on 1 July 2026<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-007eca9 e-con-full e-flex e-con e-child\" data-id=\"007eca9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-79f938f elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"79f938f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For nearly two decades, the framework had a structural blind spot \u2014 banks were regulated, fintechs were regulated, casinos were regulated, but the lawyers who structured the transactions, the accountants who moved the money, and the real estate agents who settled the assets operated, for the most part, outside the perimeter.<\/p><p><strong>That changes on 1 July 2026.<\/strong><\/p><p>The Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 is the most significant AML\/CTF compliance reform in Australia in two decades. It extends the full suite of obligations to professional services firms for the first time \u2014 making accountants, lawyers, real estate agents, trust and company service providers, and certain dealers in precious metals designated reporting entities under Australian law.<\/p><p>Compliance is no longer a back-office consideration that applies to someone else&#8217;s industry. For thousands of Australian professional services firms, it is now a legal obligation \u2014 and the preparation required is far more substantial than most currently appreciate.<\/p><p>This guide covers everything a professional services firm needs to achieve AML\/CTF compliance in Australia: who is captured, what the reforms actually changed, what compliance requires in practice, the penalty framework, and the action timeline your firm needs to follow now.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b9d3e87 e-con-full e-flex e-con e-child\" data-id=\"b9d3e87\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4fa3352 elementor-widget elementor-widget-heading\" data-id=\"4fa3352\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Why Australia's regulatory gap became untenable<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-32961b8 e-con-full e-flex e-con e-child\" data-id=\"32961b8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8f608ab elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"8f608ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Australia did not arrive at <a href=\"https:\/\/www.austrac.gov.au\/industry-and-business\/about-amlctf-reforms\/about-reforms\" target=\"_blank\" rel=\"noopener\">these reforms<\/a> voluntarily. The <a href=\"https:\/\/www.fatf-gafi.org\/en\/home.html\" target=\"_blank\" rel=\"noopener\">Financial Action Task Force (FATF)<\/a> \u2014 the Paris-based intergovernmental body that sets global AML\/CTF standards \u2014 had been <a href=\"https:\/\/www.fatf-gafi.org\/en\/countries\/detail\/Australia.html\" target=\"_blank\" rel=\"noopener\">documenting and criticising Australia&#8217;s blind spot<\/a> for years.<\/p>\n<p>In its 2015 mutual evaluation of Australia, FATF rated the country non-compliant or partially compliant across multiple technical requirements, specifically citing the absence of <strong>AML\/CTF compliance<\/strong> obligations for lawyers, accountants, and real estate agents \u2014 categories FATF designates as <a href=\"https:\/\/www.fatf-gafi.org\/content\/dam\/fatf-gafi\/recommendations\/FATF%20Recommendations%202012.pdf.coredownload.inline.pdf?nocache=true\" target=\"_blank\" rel=\"noopener\"><strong>Designated Non-Financial Businesses and Professions (DNFBPs)<\/strong><\/a>. Australia was placed on enhanced follow-up: a status that carries reputational and practical consequences for a jurisdiction positioning itself as a regional financial hub.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1100f7f e-con-full e-flex e-con e-child\" data-id=\"1100f7f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-27be7fa elementor-blockquote--skin-boxed elementor-widget elementor-widget-blockquote\" data-id=\"27be7fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tIn public statements and parliamentary submissions regarding the Tranche 2 reforms, AUSTRAC has consistently identified professional services as a persistent gap in Australia's financial crime defences \u2014 citing the country's particular exposure to money laundering through real property transactions and layered corporate structures as the primary justification for the expansion.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-48c7512 e-con-full e-flex e-con e-child\" data-id=\"48c7512\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2916ca7 elementor-widget__width-inherit elementor-widget elementor-widget-image\" data-id=\"2916ca7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Aligning-2.webp\" class=\"attachment-full size-full wp-image-34642\" alt=\"an image of the iconic whimsical bronze statues called &quot;the three businessmen who brought their own lunch&quot; in Melbourne\" srcset=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Aligning-2.webp 1500w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Aligning-2-300x200.webp 300w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Aligning-2-1024x683.webp 1024w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Aligning-2-768x512.webp 768w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Aligning-2-18x12.webp 18w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c616282 e-con-full e-flex e-con e-child\" data-id=\"c616282\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0641aa0 elementor-widget elementor-widget-counter\" data-id=\"0641aa0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"counter.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-counter\">\n\t\t\t<h6 class=\"elementor-counter-title\">in estimated proceeds of crime flowing through the Australian economy annually \u2014 Attorney-General's Department, 2023 Tranche 2 Consultation<\/h6>\t\t\t<div class=\"elementor-counter-number-wrapper\">\n\t\t\t\t<span class=\"elementor-counter-number-prefix\">$<\/span>\n\t\t\t\t<span class=\"elementor-counter-number\" data-duration=\"2000\" data-to-value=\"50\" data-from-value=\"0\">0<\/span>\n\t\t\t\t<span class=\"elementor-counter-number-suffix\">B<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-91d921c e-con-full e-flex e-con e-child\" data-id=\"91d921c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-63f7a45 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"63f7a45\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>That figure is not an abstraction. It represents real client funds, real property transactions, and real professional relationships that have, for two decades, operated without the oversight that equivalent jurisdictions in the UK, EU, Canada, and Singapore have long required.<\/p><p>The <em>AML\/CTF Amendment Act 2024<\/em> was Australia&#8217;s formal response. The Tranche 2 obligations extending <strong>AML\/CTF compliance<\/strong> to professional services commence <strong>1 July 2026<\/strong>. The window to build a compliant program is open now. It will not stay open.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-65c3599 e-con-full e-flex e-con e-child\" data-id=\"65c3599\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5db8ee4 elementor-widget elementor-widget-heading\" data-id=\"5db8ee4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Who is captured \u2014 the designated services test<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ae80532 e-con-full e-flex e-con e-child\" data-id=\"ae80532\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b167e14 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"b167e14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The single most important concept for understanding <strong>AML\/CTF compliance<\/strong> in Australia is the <strong>designated services test<\/strong>. A firm does not become a reporting entity because of what type of business it is \u2014 it becomes one because of what services it actually provides.<\/p><p>The following service categories trigger full reporting entity obligations:<\/p><ul><li><strong>Accounting and bookkeeping services<\/strong> \u2014 where the firm manages client funds, prepares financial statements in connection with transactions, or provides tax advice connected to asset structuring or disposal<\/li><li><strong>Legal practitioners<\/strong> \u2014 engaged in real property transactions, forming or administering trusts or companies, managing client trust accounts, or acting in business acquisitions and disposals<\/li><li><strong>Real estate agents and property developers<\/strong> \u2014 for the purchase or sale of residential or commercial property above $10,000, which captures the vast majority of Australian property transactions<\/li><li><strong>Trust and company service providers (TCSPs)<\/strong> \u2014 firms that form, administer, or provide registered office services for trusts or corporate entities<\/li><li><strong>Dealers in precious metals, precious stones, and luxury goods<\/strong> \u2014 for transactions above applicable thresholds<\/li><li><strong>Certain financial advisers and mortgage brokers<\/strong> \u2014 those not already captured under existing AFSL conditions<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-211e867 e-con-full e-flex e-con e-child\" data-id=\"211e867\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1810972 elementor-blockquote--skin-boxed elementor-widget elementor-widget-blockquote\" data-id=\"1810972\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tA firm providing multiple designated services triggers multiple independent obligations. An accounting firm that manages client trust accounts, prepares transactional financial statements, and provides registered office services may be captured across three separate categories simultaneously.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-947d59e e-con-full e-flex e-con e-child\" data-id=\"947d59e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6d64a99 elementor-widget__width-inherit elementor-widget elementor-widget-image\" data-id=\"6d64a99\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Pillars-1-2.webp\" class=\"attachment-full size-full wp-image-34640\" alt=\"an image of three bust statues of a female in different colours\u2014blue, light blue, and white, to show the various pillars and requirements of AML\/CTF compliance in Australia\" srcset=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Pillars-1-2.webp 1500w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Pillars-1-2-300x200.webp 300w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Pillars-1-2-1024x683.webp 1024w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Pillars-1-2-768x512.webp 768w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Pillars-1-2-18x12.webp 18w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0bb0566 e-con-full e-flex e-con e-child\" data-id=\"0bb0566\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-15dd186 elementor-blockquote--skin-boxed elementor-widget elementor-widget-blockquote\" data-id=\"15dd186\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tMany firms are assessing their exposure by asking \"what type of firm are we?\" rather than \"what services do we actually provide?\" The designated services test is activity-based, not entity-based. A firm that has never considered itself subject to financial regulation may find that several of its core service lines independently trigger reporting entity obligations.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fcc25f0 e-con-full e-flex e-con e-child\" data-id=\"fcc25f0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-37fe4d6 elementor-widget elementor-widget-heading\" data-id=\"37fe4d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The 9 changes that define the new AML\/CTF compliance regime<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e165e35 e-con-full e-flex e-con e-child\" data-id=\"e165e35\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f653e05 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"f653e05\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The reforms do not simply extend existing rules to new sectors. In several important respects, the AML\/CTF framework itself has been restructured. Here is what changed \u2014 and what it means for every affected firm.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-88b750d e-con-full e-flex e-con e-child\" data-id=\"88b750d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7e5cb49 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"7e5cb49\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table width=\"624\"><thead><tr><td width=\"133\"><p><strong>Area<\/strong><\/p><\/td><td width=\"232\"><p><strong>Before 1 July 2026<\/strong><\/p><\/td><td width=\"259\"><p><strong>From 1 July 2026<\/strong><\/p><\/td><\/tr><\/thead><tbody><tr><td width=\"133\"><p><strong>Who must comply<\/strong><\/p><\/td><td width=\"232\"><p>Banks, fintechs, remittance providers, casinos, bullion dealers<\/p><\/td><td width=\"259\"><p><strong>All of the above PLUS accountants, lawyers, real estate agents, TCSPs, and select financial advisers<\/strong><\/p><\/td><\/tr><tr><td width=\"133\"><p><strong>AML\/CTF program<\/strong><\/p><\/td><td width=\"232\"><p>Two-part: Part A (risk management) + Part B (customer identification)<\/p><\/td><td width=\"259\"><p><strong>Single integrated, risk-based program \u2014 Part A\/B structure abolished by the Amendment Act 2024<\/strong><\/p><\/td><\/tr><tr><td width=\"133\"><p><strong>Customer due diligence<\/strong><\/p><\/td><td width=\"232\"><p>Required at onboarding; limited ongoing triggers<\/p><\/td><td width=\"259\"><p><strong>Required at onboarding PLUS mandatory ongoing refresh when risk profile changes<\/strong><\/p><\/td><\/tr><tr><td width=\"133\"><p><strong>Beneficial ownership<\/strong><\/p><\/td><td width=\"232\"><p>Banks and financial institutions only<\/p><\/td><td width=\"259\"><p><strong>ALL reporting entities \u2014 identify natural persons with 25%+ control of any corporate or trust client<\/strong><\/p><\/td><\/tr><tr><td width=\"133\"><p><strong>PEP obligations<\/strong><\/p><\/td><td width=\"232\"><p>Foreign PEPs only required enhanced CDD<\/p><\/td><td width=\"259\"><p><strong>Domestic AND foreign PEPs both require enhanced CDD<\/strong><\/p><\/td><\/tr><tr><td width=\"133\"><p><strong>Tipping-off prohibition<\/strong><\/p><\/td><td width=\"232\"><p>Applied to financial institutions<\/p><\/td><td width=\"259\"><p><strong>Applies to ALL reporting entities \u2014 including lawyers and accountants<\/strong><\/p><\/td><\/tr><tr><td width=\"133\"><p><strong>AUSTRAC registration<\/strong><\/p><\/td><td width=\"232\"><p>Existing entities only<\/p><\/td><td width=\"259\"><p><strong>Mandatory for all Tranche 2 entities before providing designated services<\/strong><\/p><\/td><\/tr><tr><td width=\"133\"><p><strong>Record retention<\/strong><\/p><\/td><td width=\"232\"><p>7 years (existing entities)<\/p><\/td><td width=\"259\"><p><strong>7 years \u2014 same standard, newly applied to ALL reporting entities including professional services<\/strong><\/p><\/td><\/tr><tr><td width=\"133\"><p><strong>Enforcement exposure<\/strong><\/p><\/td><td width=\"232\"><p>Primarily financial institutions<\/p><\/td><td width=\"259\"><p><strong>All reporting entities, including newly regulated professional services firms<\/strong><\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0908e87 e-con-full e-flex e-con e-child\" data-id=\"0908e87\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-90ad53a elementor-widget elementor-widget-heading\" data-id=\"90ad53a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">1. 10,000 new reporting entities \u2014 the largest expansion in 20 years<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0584b62 e-con-full e-flex e-con e-child\" data-id=\"0584b62\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0ac3139 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"0ac3139\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>AUSTRAC estimates the reforms bring approximately 10,000 new reporting entities into the regime \u2014 the largest single-cohort addition since the Act passed in 2006. For the legal and accounting professions, this is a change in professional obligations with no modern precedent in Australia.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d794b9e e-con-full e-flex e-con e-child\" data-id=\"d794b9e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f243191 elementor-widget elementor-widget-heading\" data-id=\"f243191\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">2. Single integrated program \u2014 the Part A \/ Part B structure is gone<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-faed260 e-con-full e-flex e-con e-child\" data-id=\"faed260\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a254d74 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"a254d74\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The old two-document structure \u2014 Part A for risk management, Part B for customer identification \u2014 is abolished by the Amendment Act 2024. Every reporting entity now maintains a single, integrated risk-based AML\/CTF program. For newly designated firms, the flexibility this creates is real \u2014 but so is the obligation. A risk-based program requires genuine risk assessment capability, not template-filling.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d6282ec e-con-full e-flex e-con e-child\" data-id=\"d6282ec\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-da3b4bc elementor-blockquote--skin-boxed elementor-widget elementor-widget-blockquote\" data-id=\"da3b4bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tThe most common failure mode for newly regulated entities is treating program drafting as the end of the compliance exercise rather than the beginning. AUSTRAC's supervisory approach is focused on evidence of program execution \u2014 training logs, CDD file notes, documented escalation decisions \u2014 not the existence of a policy document. A program that lives in a folder and is not embedded in daily operating procedure will not withstand a supervisory review.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3265644 e-con-full e-flex e-con e-child\" data-id=\"3265644\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-82e2718 elementor-widget elementor-widget-heading\" data-id=\"82e2718\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">3. Beneficial ownership \u2014 looking through the structure<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0542472 e-con-full e-flex e-con e-child\" data-id=\"0542472\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b39b0e8 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"b39b0e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>All reporting entities must now identify any natural person with <strong>25% or more ownership or control<\/strong> of any corporate or trust client \u2014 at onboarding, not merely when a transaction is flagged. This means looking through layered company structures, discretionary trust deeds, and nominee arrangements to identify real individuals.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9383604 e-con-full e-flex e-con e-child\" data-id=\"9383604\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0cf0cca elementor-widget__width-inherit elementor-widget elementor-widget-image\" data-id=\"0cf0cca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_RBA-2.webp\" class=\"attachment-full size-full wp-image-34641\" alt=\"an image of a marble staircase with blue carpeting to symbolize achieving business goals using the right AML\/CTF compliance in Australia\" srcset=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_RBA-2.webp 1500w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_RBA-2-300x200.webp 300w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_RBA-2-1024x683.webp 1024w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_RBA-2-768x512.webp 768w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_RBA-2-18x12.webp 18w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-df49d63 e-con-full e-flex e-con e-child\" data-id=\"df49d63\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-52e8d8a elementor-blockquote--skin-boxed elementor-widget elementor-widget-blockquote\" data-id=\"52e8d8a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tBeneficial ownership identification is not a documentation exercise \u2014 it is an understanding exercise. Collecting a certificate of incorporation is not sufficient. Understanding who actually controls the entity is the standard.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8f5b511 e-con-full e-flex e-con e-child\" data-id=\"8f5b511\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b97e0e8 elementor-widget elementor-widget-heading\" data-id=\"b97e0e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">4. Domestic PEPs \u2014 enhanced CDD now applies<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-80ad4f1 e-con-full e-flex e-con e-child\" data-id=\"80ad4f1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4d1bdda elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"4d1bdda\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Enhanced customer due diligence was previously mandatory only for foreign Politically Exposed Persons. Domestic PEPs \u2014 Australian politicians, senior public servants, senior judiciary members, and their close associates \u2014 require the same level of enhanced CDD. For accounting and legal firms with government clients, this has immediate practical implications.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3b5bec6 e-con-full e-flex e-con e-child\" data-id=\"3b5bec6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1e6d750 elementor-widget elementor-widget-heading\" data-id=\"1e6d750\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">5. Ongoing CDD \u2014 from event-based to relationship-based compliance<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-94fe06a e-con-full e-flex e-con e-child\" data-id=\"94fe06a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dcde3af elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"dcde3af\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Customer due diligence is no longer an onboarding event. It is an ongoing obligation tied to the client relationship itself. Risk profiles must be monitored and refreshed when circumstances change \u2014 or when defined periods have elapsed (typically one to three years for standard-risk clients). For a firm with hundreds of established client relationships, this is a fundamental operating change.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-51cdef7 e-con-full e-flex e-con e-child\" data-id=\"51cdef7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2b0783f elementor-widget elementor-widget-heading\" data-id=\"2b0783f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">6. Tipping-off \u2014 a criminal offence now applicable to lawyers and accountants<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cd0aad8 e-con-full e-flex e-con e-child\" data-id=\"cd0aad8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c16212d elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"c16212d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The prohibition on informing a client that a Suspicious Matter Report has been or may be lodged is a criminal offence under the AML\/CTF Act. Its extension to lawyers and accountants introduces genuine complexity \u2014 particularly the intersection with legal professional privilege.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d4851f8 e-con-full e-flex e-con e-child\" data-id=\"d4851f8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a098036 elementor-blockquote--skin-boxed elementor-widget elementor-widget-blockquote\" data-id=\"a098036\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tThe Law Council has been actively engaged with the Attorney-General's Department on the tension between the tipping-off prohibition and lawyers' existing duties of confidentiality and legal professional privilege. Firms should not wait for final guidance before establishing internal SMR escalation protocols \u2014 the obligation applies regardless of whether privilege guidance has been finalised.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-46c04e2 e-con-full e-flex e-con e-child\" data-id=\"46c04e2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-63a3b9c elementor-widget elementor-widget-heading\" data-id=\"63a3b9c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">7. Single customer identification procedure \u2014 known-client exemptions removed<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0808aa1 e-con-full e-flex e-con e-child\" data-id=\"0808aa1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-78a4c5f elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"78a4c5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Multiple old identification pathways are replaced by a single standard: identity collection, verification, and beneficial ownership analysis in one coherent process. Known-client exemptions and informal identification practices no longer satisfy the obligation. Every client relationship must be built on a documented identification and verification record.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e398032 e-con-full e-flex e-con e-child\" data-id=\"e398032\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5141f88 elementor-widget elementor-widget-heading\" data-id=\"5141f88\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">8. Seven-year record retention \u2014 applies to all reporting entities<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-999b546 e-con-full e-flex e-con e-child\" data-id=\"999b546\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-be902d6 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"be902d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>All AML\/CTF records \u2014 customer identification documents, transaction records, CDD file notes, training logs, and SMR decisions \u2014 must be retained for a minimum of <strong>seven years<\/strong> and must be producible to AUSTRAC at any time. This is not a new obligation for existing reporting entities, but it is a new operational requirement for every Tranche 2 firm.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3394a8b e-con-full e-flex e-con e-child\" data-id=\"3394a8b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9f75717 elementor-widget elementor-widget-heading\" data-id=\"9f75717\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">9. Proactive supervision \u2014 AUSTRAC is not waiting<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e911c58 e-con-full e-flex e-con e-child\" data-id=\"e911c58\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-39cac4b elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"39cac4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>AUSTRAC has signalled clearly that its supervisory model for Tranche 2 entities will be proactive from day one \u2014 not reactive. Its published guidance states an expectation of operationalised programs at commencement, not programs in development. AUSTRAC has been building supervisory capacity, specifically to apply it to newly regulated firms.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c79f619 e-con-full e-flex e-con e-child\" data-id=\"c79f619\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eeae13d elementor-blockquote--skin-boxed elementor-widget elementor-widget-blockquote\" data-id=\"eeae13d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tDo not assume a grace period. The regulator's track record of significant enforcement action against major financial institutions makes clear that good intent does not substitute for a compliant, operational program.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-74da1b1 e-con-full e-flex e-con e-child\" data-id=\"74da1b1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2a93281 elementor-widget__width-inherit elementor-widget elementor-widget-image\" data-id=\"2a93281\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Modern-1-2.webp\" class=\"attachment-full size-full wp-image-34639\" alt=\"an image of the blue artwork on the the ceiling and walls around the blue line-platform of the T-Centralen subway station in Stockholm\" srcset=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Modern-1-2.webp 1500w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Modern-1-2-300x200.webp 300w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Modern-1-2-1024x683.webp 1024w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Modern-1-2-768x512.webp 768w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Modern-1-2-18x12.webp 18w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-268f0af e-con-full e-flex e-con e-child\" data-id=\"268f0af\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3da1b35 elementor-widget elementor-widget-heading\" data-id=\"3da1b35\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">6 AML\/CTF compliance obligations you must implement<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e19b1a4 e-con-full e-flex e-con e-child\" data-id=\"e19b1a4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ff6c2e1 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"ff6c2e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Understanding what changed is the first step. The second is building what is required. Every newly designated reporting entity must implement the following six AML\/CTF compliance obligations.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bb41fb4 e-con-full e-flex e-con e-child\" data-id=\"bb41fb4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1052aa9 elementor-widget elementor-widget-heading\" data-id=\"1052aa9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">1.  Register with AUSTRAC \u2014 on or before 30 June 2026<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fb44e66 e-con-full e-flex e-con e-child\" data-id=\"fb44e66\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-69d19cd elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"69d19cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-pm-slice=\"1 1 [&quot;blockquote&quot;,{}]\">Every new reporting entity must register with AUSTRAC via AUSTRAC Online before providing designated services. Required disclosures include the firm&#8217;s ownership structure, key management personnel, and the designated service categories being offered. Operating without registration after 1 July 2026 is a civil penalty offence.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4d12f93 e-con-full e-flex e-con e-child\" data-id=\"4d12f93\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a3cfdc7 elementor-widget elementor-widget-heading\" data-id=\"a3cfdc7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">2.  Draft and adopt a single integrated AML\/CTF program<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2b33849 e-con-full e-flex e-con e-child\" data-id=\"2b33849\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ac3cab8 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"ac3cab8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-pm-slice=\"1 1 [&quot;blockquote&quot;,{}]\">identification and <a href=\"https:\/\/www.austrac.gov.au\/industry-and-business\/obligations-and-guidance\/your-amlctf-program\/customer-due-diligence\/ongoing-customer-due-diligence\/reviewing-and-updating-customers-mltf-risk-and-kyc-information\" target=\"_blank\" rel=\"noopener\">KYC<\/a> procedures; beneficial ownership identification; ongoing CDD triggers; staff training requirements; a designated compliance officer; an independent review mechanism; and seven-year record-keeping procedures. This is a single document \u2014 not Part A and Part B.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-02ac869 e-con-full e-flex e-con e-child\" data-id=\"02ac869\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-470f876 elementor-widget elementor-widget-heading\" data-id=\"470f876\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">3.  Know Your Customer (KYC) and customer due diligence<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5aa27b1 e-con-full e-flex e-con e-child\" data-id=\"5aa27b1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d37b83f elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"d37b83f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Collect and verify identity before providing designated services. Standard CDD \u2014 full legal name, date of birth, address, and beneficial ownership for all clients \u2014 applies to most relationships. <a href=\"https:\/\/www.homeaffairs.gov.au\/criminal-justice\/Pages\/changes-to-customer-due-diligence.aspx\" target=\"_blank\" rel=\"noopener\">Enhanced CDD<\/a> is mandatory for domestic and foreign PEPs, clients from FATF high-risk jurisdictions, unusual transaction structures, and clients who are reluctant to provide satisfactory identification.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1946482 e-con-full e-flex e-con e-child\" data-id=\"1946482\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-85779a7 elementor-widget elementor-widget-heading\" data-id=\"85779a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">4.  Ongoing monitoring and CDD refresh<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-41eb83c e-con-full e-flex e-con e-child\" data-id=\"41eb83c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-99f3a98 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"99f3a98\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Monitor client relationships continuously. Refresh CDD when risk profiles change materially, when transactions are inconsistent with known client profiles, when new information emerges, or when program-defined periods have elapsed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3242254 e-con-full e-flex e-con e-child\" data-id=\"3242254\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ce8c9fa elementor-widget elementor-widget-heading\" data-id=\"ce8c9fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">5.  Lodge Suspicious Matter Reports when required<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e8ebd05 e-con-full e-flex e-con e-child\" data-id=\"e8ebd05\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-242463b elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"242463b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Where reasonable grounds exist to suspect money laundering, terrorism financing, tax evasion, or related offences, lodge an SMR with AUSTRAC within <strong>3 business days<\/strong> of forming a suspicion \u2014 or <strong>24 hours<\/strong> where the suspicion relates to terrorism financing. Establish internal escalation protocols that comply with the tipping-off prohibition.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8f48949 e-con-full e-flex e-con e-child\" data-id=\"8f48949\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-07f006d elementor-widget elementor-widget-heading\" data-id=\"07f006d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">6.  Retain all records for a minimum of 7 years<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a60630e e-con-full e-flex e-con e-child\" data-id=\"a60630e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c1e3ced elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"c1e3ced\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Customer identification documents, transaction records, CDD file notes, training logs, and SMR decisions \u2014 all must be retained and producible to AUSTRAC at any time.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3122ede e-con-full e-flex e-con e-child\" data-id=\"3122ede\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c63a895 elementor-widget elementor-widget-heading\" data-id=\"c63a895\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The penalty framework \u2014 what non-compliance actually costs<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-72c0cff e-con-full e-flex e-con e-child\" data-id=\"72c0cff\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-19f310b elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"19f310b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>AUSTRAC has not been shy about enforcement, and the penalties for AML\/CTF compliance failures are significant. Its actions against Westpac ($1.3 billion in 2020) and the Commonwealth Bank ($700 million in 2018) established that failures carry consequences at the highest levels of Australian business. For newly regulated professional services firms, the scale is different \u2014 the framework is not.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-81595b4 e-con-full e-flex e-con e-child\" data-id=\"81595b4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5669d5f elementor-widget elementor-widget-counter\" data-id=\"5669d5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"counter.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-counter\">\n\t\t\t<h6 class=\"elementor-counter-title\">maximum civil penalty per contravention for body corporates (10,000 penalty units at current rate)<\/h6>\t\t\t<div class=\"elementor-counter-number-wrapper\">\n\t\t\t\t<span class=\"elementor-counter-number-prefix\">$<\/span>\n\t\t\t\t<span class=\"elementor-counter-number\" data-duration=\"2000\" data-to-value=\"3.3\" data-from-value=\"0\">0<\/span>\n\t\t\t\t<span class=\"elementor-counter-number-suffix\">M<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5d30d3c e-con-full e-flex e-con e-child\" data-id=\"5d30d3c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-29b68d7 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"29b68d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Beyond direct financial penalties, AUSTRAC&#8217;s most commonly deployed tool for non-serious non-compliance is the enforceable undertaking \u2014 a mandatory remediation program conducted entirely at the entity&#8217;s cost, on AUSTRAC&#8217;s timeline and to AUSTRAC&#8217;s standard. For most professional services firms, this represents a far greater business disruption than the direct penalty figure.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-895f2a1 e-con-full e-flex e-con e-child\" data-id=\"895f2a1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-631fdeb elementor-blockquote--skin-boxed elementor-widget elementor-widget-blockquote\" data-id=\"631fdeb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tFirms that fail to implement a compliant program from day one create a documented compliance deficit that compounds over time. When AUSTRAC identifies this deficit \u2014 and its supervisory model is designed specifically to do so \u2014 the cost of mandated remediation is almost always greater than the cost of building the program correctly in the first place.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-669c89d e-con-full e-flex e-con e-child\" data-id=\"669c89d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5ade0bc elementor-widget__width-inherit elementor-widget elementor-widget-image\" data-id=\"5ade0bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_DBA-2.webp\" class=\"attachment-full size-full wp-image-34644\" alt=\"an image of a golden bust of a male against a plaid backdrop to symbolize the golden opportunity of achieving AML\/CTF compliance in Australia\" srcset=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_DBA-2.webp 1500w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_DBA-2-300x200.webp 300w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_DBA-2-1024x683.webp 1024w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_DBA-2-768x512.webp 768w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_DBA-2-18x12.webp 18w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c8492d6 e-con-full e-flex e-con e-child\" data-id=\"c8492d6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f94d431 elementor-widget elementor-widget-heading\" data-id=\"f94d431\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The action timeline \u2014 what your firm must do and when<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fe03a30 e-con-full e-flex e-con e-child\" data-id=\"fe03a30\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b7b4b35 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"b7b4b35\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Building a defensible, operationally embedded <strong>AML\/CTF compliance<\/strong> program takes considerably longer than most newly regulated firms currently anticipate. The following is the minimum action sequence required:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-018698e e-con-full e-flex e-con e-child\" data-id=\"018698e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a2ac16d elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"a2ac16d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table width=\"624\"><thead><tr><td width=\"173\"><p><strong>Timeframe<\/strong><\/p><\/td><td width=\"451\"><p><strong>Action Required<\/strong><\/p><\/td><\/tr><\/thead><tbody><tr><td width=\"173\"><p><strong>Immediately<\/strong><\/p><\/td><td width=\"451\"><p>Determine whether your firm&#8217;s service activities make it a designated reporting entity<\/p><\/td><\/tr><tr><td width=\"173\"><p><strong>Within 30 days<\/strong><\/p><\/td><td width=\"451\"><p>Conduct an ML\/TF risk assessment across your client base, service lines, and geographies<\/p><\/td><\/tr><tr><td width=\"173\"><p><strong>Within 60 days<\/strong><\/p><\/td><td width=\"451\"><p>Register with AUSTRAC via AUSTRAC Online \u2014 before providing designated services<\/p><\/td><\/tr><tr><td width=\"173\"><p><strong>Within 90 days<\/strong><\/p><\/td><td width=\"451\"><p>Draft, adopt, and operationalise your single integrated AML\/CTF program<\/p><\/td><\/tr><tr><td width=\"173\"><p><strong>Within 90 days<\/strong><\/p><\/td><td width=\"451\"><p>Complete AML\/CTF awareness training for all relevant staff<\/p><\/td><\/tr><tr><td width=\"173\"><p><strong>Before 1 July 2026<\/strong><\/p><\/td><td width=\"451\"><p>Implement KYC and CDD procedures for all new client onboarding<\/p><\/td><\/tr><tr><td width=\"173\"><p><strong>Within 12 months post-commencement<\/strong><\/p><\/td><td width=\"451\"><p>Complete a CDD refresh for your existing high-risk client base<\/p><\/td><\/tr><tr><td width=\"173\"><p><strong>Ongoing<\/strong><\/p><\/td><td width=\"451\"><p>Monitor client relationships, refresh CDD, lodge SMRs when required<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d4bf7db e-con-full e-flex e-con e-child\" data-id=\"d4bf7db\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-45f1682 elementor-blockquote--skin-boxed elementor-widget elementor-widget-blockquote\" data-id=\"45f1682\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tThe critical standard is operationalisation. A program that exists as a document but is not embedded in how your firm onboards clients, monitors relationships, and escalates concerns will not satisfy an AUSTRAC supervisory review. The standard is evidence of practice \u2014 training logs, CDD file notes, documented SMR decisions \u2014 not evidence of paperwork.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-88c39d1 e-con-full e-flex e-con e-child\" data-id=\"88c39d1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1fb10bc elementor-widget elementor-widget-heading\" data-id=\"1fb10bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What this reform is really about<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6689416 e-con-full e-flex e-con e-child\" data-id=\"6689416\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b1bf798 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"b1bf798\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Beneath the <strong>AML\/CTF compliance<\/strong> requirements lies a deeper question that every affected professional services firm should sit with: <em>who are you actually working for, and do you know enough about them to be certain?<\/em><\/p><p>FATF Typologies research consistently identifies lawyers, accountants, and real estate professionals as among the most commonly exploited facilitators of money laundering \u2014 not because they are corrupt, but because they are trusted. A lawyer who forms a trust, an accountant who manages the entity&#8217;s books, and a real estate agent who settles the property purchase have, in combination, provided the complete infrastructure for a money laundering scheme \u2014 without any of them being aware of the whole.<\/p><p>The KYC requirement is not bureaucratic friction. It is the mechanism by which professional services firms are asked to <em>genuinely know<\/em> their clients \u2014 who they are, how they are structured, where their money comes from, and why they are seeking the service. That is not a compliance exercise. It is a professional responsibility.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d2cb6e6 e-con-full e-flex e-con e-child\" data-id=\"d2cb6e6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a3ae8f0 elementor-blockquote--skin-boxed elementor-widget elementor-widget-blockquote\" data-id=\"a3ae8f0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tThe AML\/CTF expansion to professional services is fundamentally an integrity question, not just a compliance one. Every professional services firm must ask not merely whether it is compliant \u2014 but whether it genuinely knows who it is working for, and whether its services could be enabling financial crime that it is not aware of. The KYC obligation is not bureaucratic friction. It is the mechanism by which that question gets answered.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d3d3c2a e-con-full e-flex e-con e-child\" data-id=\"d3d3c2a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-930d3a6 elementor-widget elementor-widget-heading\" data-id=\"930d3a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">AML\/CTF compliance as competitive infrastructure<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-eab5323 e-con-full e-flex e-con e-child\" data-id=\"eab5323\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7b5bd64 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"7b5bd64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Australia&#8217;s AML\/CTF compliance reforms close a gap that the global financial crime community had been documenting for years. For professional services firms, the 1 July 2026 deadline is not a distant event \u2014 it is a specific operational deadline with a specific set of requirements that must be built, documented, and embedded into how the firm works.<\/p><p>The firms that emerge strongest will not be those that met the minimum AML\/CTF compliance standard at the last moment. They will be those that understood what the reforms represent \u2014 a permanent elevation of the compliance standard for Australian professional services \u2014 and built their programs accordingly.<\/p><p>Strategy is common. Control is rare. The firms that hard-code compliance into their operational fabric \u2014 not as a checklist, but as a genuine institutional standard \u2014 will be the ones that clients trust, regulators respect, and competitors cannot replicate.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2ba1026 e-con-full e-flex e-con e-child\" data-id=\"2ba1026\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1e315a8 elementor-blockquote--skin-boxed elementor-widget elementor-widget-blockquote\" data-id=\"1e315a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tBuild it before you need it. That is the standard that withstands scrutiny.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2fc541a e-con-full e-flex e-con e-child\" data-id=\"2fc541a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-517ebc8 elementor-widget__width-inherit elementor-widget elementor-widget-image\" data-id=\"517ebc8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2.webp\" class=\"attachment-full size-full wp-image-34643\" alt=\"an image of a blue door with a lion head door knocker to symbolize AML\/CTF compliance in Australia\" srcset=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2.webp 1500w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2-300x200.webp 300w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2-1024x683.webp 1024w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2-768x512.webp 768w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2-18x12.webp 18w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d28229e e-con-full e-flex e-con e-child\" data-id=\"d28229e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9db1de8 elementor-widget elementor-widget-heading\" data-id=\"9db1de8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">How DBA Advisory supports<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d6f4106 e-con-full e-flex e-con e-child\" data-id=\"d6f4106\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-32500e9 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"32500e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Navigating <strong>AML\/CTF compliance<\/strong> in Australia for the first time is a significant operational undertaking \u2014 particularly for firms that have never operated inside a formal regulatory framework. DBA Advisory works with professional services firms, financial businesses, and private enterprises across Australia to build programs that are genuinely defensible: tailored to the firm&#8217;s specific risk profile, embedded in its operating procedures, and built to withstand AUSTRAC scrutiny.<\/p><p>Our <strong>AML\/CTF compliance<\/strong> practice covers AUSTRAC registration, ML\/TF risk assessment, AML\/CTF program drafting, KYC and CDD procedure design, beneficial ownership frameworks, staff training, and independent program review \u2014 all delivered on a <strong>fixed-fee basis<\/strong>, so the cost of compliance is certain before the work begins.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-60f63dd e-con-full e-flex e-con e-child\" data-id=\"60f63dd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8b60e8b elementor-widget elementor-widget-heading\" data-id=\"8b60e8b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions (FAQs)<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f3ffc52 e-con-full e-flex e-con e-child\" data-id=\"f3ffc52\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4197858 elementor-widget__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-ucaddon_uc_icon_accordion\" data-id=\"4197858\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_uc_icon_accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start Icon Accordion -->\n\t\t<link id='font-awesome-css' href='https:\/\/www.dbaadvisory.com\/wp-content\/plugins\/unlimited-elements-for-elementor\/assets_libraries\/font-awesome6\/fontawesome-all.min.css' type='text\/css' rel='stylesheet' >\n\t\t<link id='font-awesome-4-shim-css' href='https:\/\/www.dbaadvisory.com\/wp-content\/plugins\/unlimited-elements-for-elementor\/assets_libraries\/font-awesome6\/fontawesome-v4-shims.min.css' type='text\/css' rel='stylesheet' >\n\n<style>\/* widget: Icon Accordion *\/\n\n#uc_uc_icon_accordion_elementor_4197858 *{\n\tbox-sizing: border-box;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .uc_container .uc-heading{\n\tcursor:pointer;\n    display:flex;\n    align-items:center;\n    transition:0.3s;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .uc_container .uc-heading span.bbb{\n\tdisplay:block;\t  \n}\n\n#uc_uc_icon_accordion_elementor_4197858 .uc_ac_box.uc-item-active span.uc_dactive{\n\tdisplay:none;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .uc_ac_box:not(.uc-item-active) span.uc_active{\n\tdisplay:none;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .ue_icon_holder,\n#uc_uc_icon_accordion_elementor_4197858 .ue_icon_spacing{\n  flex-grow:0;\n  flex-shrink:0; \n}\n\n#uc_uc_icon_accordion_elementor_4197858 .uc_content{\n\tdisplay: none;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .ue_icon{\n  display:flex;\n  justify-content:center;\n  align-items:center;\n  line-height:1em;\n  transition:0.3s;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .ue_icon svg{\n  height:1em;\n  width:1em;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .ue_expand_inside{\n  display:flex;\n  justify-content:center;\n  align-items:center;\n  line-height:1em;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .ue_expand_inside svg{\n  height:1em;\n  width:1em;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .ue_expand,\n#uc_uc_icon_accordion_elementor_4197858 .ue_expand_spacing{\n  flex-grow:0;\n  flex-shrink:0;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .ue_title{\n  flex-grow:1;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .uc_ac_box:last-child{\n  margin-bottom:0px;\n}\n\n#uc_uc_icon_accordion_elementor_4197858 .uc_ac_box{\n  overflow:hidden;\n}\n\n<\/style>\n\n<div class=\"uc_material_accordion  \"  id=\"uc_uc_icon_accordion_elementor_4197858\" data-name=\"\" data-closeothers=\"true\"  data-scrolltohead=\"off\">\n  <div class=\"uc_container uc-items-wrapper\">\n    \n\n<div id=\"uc_uc_icon_accordion_elementor_4197858_item1\" class=\"uc_ac_box  elementor-repeater-item-80b2886\">\n  <div class=\"uc-heading uc_trigger\" role=\"button\" aria-controls=\"uc_uc_icon_accordion_elementor_4197858_item1-content\" tabindex=\"0\" aria-expanded=\"false\">\n    \n        \n    <div id=\"uc_uc_icon_accordion_elementor_4197858_item1-title\" class=\"ue_title\">What is AML\/CTF compliance in Australia and who does it apply to?<\/div>    \n    \n          <div class=\"ue_expand_spacing\"><\/div>\n      <div class=\"ue_expand\">\n        <div class=\"ue_expand_inside\">\n          <span class=\"uc_dactive bbb ue_accordion_icon\" ><i class='fas fa-plus'><\/i><\/span>\n          <span class=\"uc_active bbb ue_accordion_icon\"><i class='fas fa-minus'><\/i><\/span>\n        <\/div>\n      <\/div>\n        \n  <\/div>\n  \n  <div id=\"uc_uc_icon_accordion_elementor_4197858_item1-content\" class=\"uc_content\" role=\"region\" aria-labelledby=\"uc_uc_icon_accordion_elementor_4197858_item1-title\" >\n          <p>AML\/CTF compliance in Australia refers to the obligations imposed by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 \u2014 as amended by the AML\/CTF Amendment Act 2024 \u2014 on businesses that provide designated services. These obligations extend to professional services firms for the first time, making accountants, lawyers, real estate agents, trust and company service providers, and dealers in precious metals designated reporting entities under Australian law. Every designated reporting entity must register with AUSTRAC, maintain a single integrated AML\/CTF program, conduct KYC and customer due diligence, report suspicious matters, and retain records for seven years.<\/p>\n     \n    \n     \n    \n  <\/div>\n<\/div>\n\n\n<div id=\"uc_uc_icon_accordion_elementor_4197858_item2\" class=\"uc_ac_box  elementor-repeater-item-482d5cb\">\n  <div class=\"uc-heading uc_trigger\" role=\"button\" aria-controls=\"uc_uc_icon_accordion_elementor_4197858_item2-content\" tabindex=\"0\" aria-expanded=\"false\">\n    \n        \n    <div id=\"uc_uc_icon_accordion_elementor_4197858_item2-title\" class=\"ue_title\">Which firms are captured by the Tranche 2 reforms?<\/div>    \n    \n          <div class=\"ue_expand_spacing\"><\/div>\n      <div class=\"ue_expand\">\n        <div class=\"ue_expand_inside\">\n          <span class=\"uc_dactive bbb ue_accordion_icon\" ><i class='fas fa-plus'><\/i><\/span>\n          <span class=\"uc_active bbb ue_accordion_icon\"><i class='fas fa-minus'><\/i><\/span>\n        <\/div>\n      <\/div>\n        \n  <\/div>\n  \n  <div id=\"uc_uc_icon_accordion_elementor_4197858_item2-content\" class=\"uc_content\" role=\"region\" aria-labelledby=\"uc_uc_icon_accordion_elementor_4197858_item2-title\" >\n          <p>The test is not firm type but designated services. Accounting firms managing client funds, preparing financial statements for transactions, or providing tax advice on asset structuring are captured. Legal practitioners handling real property transactions, forming trusts or companies, managing trust accounts, or acting in business acquisitions are captured. Real estate agents handling transactions above $10,000, TCSPs, certain financial advisers and mortgage brokers, and dealers in precious metals are also in scope. A firm providing multiple designated services may trigger multiple independent obligations simultaneously.<\/p>\n     \n    \n     \n    \n  <\/div>\n<\/div>\n\n\n<div id=\"uc_uc_icon_accordion_elementor_4197858_item3\" class=\"uc_ac_box  elementor-repeater-item-7d630f0\">\n  <div class=\"uc-heading uc_trigger\" role=\"button\" aria-controls=\"uc_uc_icon_accordion_elementor_4197858_item3-content\" tabindex=\"0\" aria-expanded=\"false\">\n    \n        \n    <div id=\"uc_uc_icon_accordion_elementor_4197858_item3-title\" class=\"ue_title\">What is the difference between the old AML\/CTF program structure and the new one?<\/div>    \n    \n          <div class=\"ue_expand_spacing\"><\/div>\n      <div class=\"ue_expand\">\n        <div class=\"ue_expand_inside\">\n          <span class=\"uc_dactive bbb ue_accordion_icon\" ><i class='fas fa-plus'><\/i><\/span>\n          <span class=\"uc_active bbb ue_accordion_icon\"><i class='fas fa-minus'><\/i><\/span>\n        <\/div>\n      <\/div>\n        \n  <\/div>\n  \n  <div id=\"uc_uc_icon_accordion_elementor_4197858_item3-content\" class=\"uc_content\" role=\"region\" aria-labelledby=\"uc_uc_icon_accordion_elementor_4197858_item3-title\" >\n          <p>Under the old framework, reporting entities maintained two separate documents: Part A (focusing on ML\/TF risk management) and Part B (setting out customer identification procedures). The AML\/CTF Amendment Act 2024 abolishes this two-part structure. All reporting entities \u2014 including new Tranche 2 entities \u2014 must maintain a single, integrated, risk-based AML\/CTF program that covers all required elements in one document. Any guidance or template referencing a Part A\/Part B structure reflects the old law and should not be relied upon.<\/p>\n     \n    \n     \n    \n  <\/div>\n<\/div>\n\n\n<div id=\"uc_uc_icon_accordion_elementor_4197858_item4\" class=\"uc_ac_box  elementor-repeater-item-7fd6cd7\">\n  <div class=\"uc-heading uc_trigger\" role=\"button\" aria-controls=\"uc_uc_icon_accordion_elementor_4197858_item4-content\" tabindex=\"0\" aria-expanded=\"false\">\n    \n        \n    <div id=\"uc_uc_icon_accordion_elementor_4197858_item4-title\" class=\"ue_title\">What does beneficial ownership mean and what does the new rule require?<\/div>    \n    \n          <div class=\"ue_expand_spacing\"><\/div>\n      <div class=\"ue_expand\">\n        <div class=\"ue_expand_inside\">\n          <span class=\"uc_dactive bbb ue_accordion_icon\" ><i class='fas fa-plus'><\/i><\/span>\n          <span class=\"uc_active bbb ue_accordion_icon\"><i class='fas fa-minus'><\/i><\/span>\n        <\/div>\n      <\/div>\n        \n  <\/div>\n  \n  <div id=\"uc_uc_icon_accordion_elementor_4197858_item4-content\" class=\"uc_content\" role=\"region\" aria-labelledby=\"uc_uc_icon_accordion_elementor_4197858_item4-title\" >\n          <p>Beneficial ownership refers to the natural person or persons who ultimately own or control a legal entity \u2014 typically any individual with 25% or more ownership or control rights. Under the reformed AML\/CTF Act, all reporting entities must identify and verify beneficial owners of their corporate and trust clients at onboarding, not just when a transaction is flagged. AUSTRAC describes this as an understanding exercise rather than a documentation exercise \u2014 collecting a certificate of incorporation is not sufficient. The firm must understand who actually controls the entity.<\/p>\n     \n    \n     \n    \n  <\/div>\n<\/div>\n\n\n<div id=\"uc_uc_icon_accordion_elementor_4197858_item5\" class=\"uc_ac_box  elementor-repeater-item-ecaa0fe\">\n  <div class=\"uc-heading uc_trigger\" role=\"button\" aria-controls=\"uc_uc_icon_accordion_elementor_4197858_item5-content\" tabindex=\"0\" aria-expanded=\"false\">\n    \n        \n    <div id=\"uc_uc_icon_accordion_elementor_4197858_item5-title\" class=\"ue_title\">What are domestic PEPs and why do they now require enhanced CDD?<\/div>    \n    \n          <div class=\"ue_expand_spacing\"><\/div>\n      <div class=\"ue_expand\">\n        <div class=\"ue_expand_inside\">\n          <span class=\"uc_dactive bbb ue_accordion_icon\" ><i class='fas fa-plus'><\/i><\/span>\n          <span class=\"uc_active bbb ue_accordion_icon\"><i class='fas fa-minus'><\/i><\/span>\n        <\/div>\n      <\/div>\n        \n  <\/div>\n  \n  <div id=\"uc_uc_icon_accordion_elementor_4197858_item5-content\" class=\"uc_content\" role=\"region\" aria-labelledby=\"uc_uc_icon_accordion_elementor_4197858_item5-title\" >\n          <p>Domestic Politically Exposed Persons (PEPs) are senior figures in Australian public life \u2014 including federal and state politicians, senior public servants, members of the senior judiciary, senior military officers, and their immediate family members and close associates. Under the previous framework, enhanced CDD was mandatory only for foreign PEPs. The Tranche 2 reforms extend this requirement to domestic PEPs \u2014 a significant change for professional services firms that advise government clients or individuals connected to public office.<\/p>\n     \n    \n     \n    \n  <\/div>\n<\/div>\n\n\n<div id=\"uc_uc_icon_accordion_elementor_4197858_item6\" class=\"uc_ac_box  elementor-repeater-item-e8ad40d\">\n  <div class=\"uc-heading uc_trigger\" role=\"button\" aria-controls=\"uc_uc_icon_accordion_elementor_4197858_item6-content\" tabindex=\"0\" aria-expanded=\"false\">\n    \n        \n    <div id=\"uc_uc_icon_accordion_elementor_4197858_item6-title\" class=\"ue_title\">What is the tipping-off prohibition and why does it matter for lawyers and accountants?<\/div>    \n    \n          <div class=\"ue_expand_spacing\"><\/div>\n      <div class=\"ue_expand\">\n        <div class=\"ue_expand_inside\">\n          <span class=\"uc_dactive bbb ue_accordion_icon\" ><i class='fas fa-plus'><\/i><\/span>\n          <span class=\"uc_active bbb ue_accordion_icon\"><i class='fas fa-minus'><\/i><\/span>\n        <\/div>\n      <\/div>\n        \n  <\/div>\n  \n  <div id=\"uc_uc_icon_accordion_elementor_4197858_item6-content\" class=\"uc_content\" role=\"region\" aria-labelledby=\"uc_uc_icon_accordion_elementor_4197858_item6-title\" >\n          <p>The tipping-off prohibition makes it a criminal offence under the AML\/CTF Act to inform a client that a Suspicious Matter Report has been or may be lodged. Under the Tranche 2 reforms, this prohibition now applies directly to lawyers and accountants \u2014 professions that also carry duties of client confidentiality and, in the case of lawyers, legal professional privilege. Firms must establish internal SMR escalation protocols that allow compliance with the reporting obligation without inadvertent client disclosure.<\/p>\n     \n    \n     \n    \n  <\/div>\n<\/div>\n\n\n<div id=\"uc_uc_icon_accordion_elementor_4197858_item7\" class=\"uc_ac_box  elementor-repeater-item-e7b6423\">\n  <div class=\"uc-heading uc_trigger\" role=\"button\" aria-controls=\"uc_uc_icon_accordion_elementor_4197858_item7-content\" tabindex=\"0\" aria-expanded=\"false\">\n    \n        \n    <div id=\"uc_uc_icon_accordion_elementor_4197858_item7-title\" class=\"ue_title\">What are the penalties for AML\/CTF non-compliance?<\/div>    \n    \n          <div class=\"ue_expand_spacing\"><\/div>\n      <div class=\"ue_expand\">\n        <div class=\"ue_expand_inside\">\n          <span class=\"uc_dactive bbb ue_accordion_icon\" ><i class='fas fa-plus'><\/i><\/span>\n          <span class=\"uc_active bbb ue_accordion_icon\"><i class='fas fa-minus'><\/i><\/span>\n        <\/div>\n      <\/div>\n        \n  <\/div>\n  \n  <div id=\"uc_uc_icon_accordion_elementor_4197858_item7-content\" class=\"uc_content\" role=\"region\" aria-labelledby=\"uc_uc_icon_accordion_elementor_4197858_item7-title\" >\n          <p>Civil penalties for body corporates reach 10,000 penalty units per contravention \u2014 currently approximately $3.3 million per contravention. Criminal penalties apply to serious and deliberate non-compliance. AUSTRAC's most commonly deployed enforcement tool for non-serious breaches is the enforceable undertaking \u2014 a mandatory remediation program conducted at the entity's cost and on AUSTRAC's timeline. For most professional services firms, the disruption of a mandated remediation program is a more significant practical consequence than the direct financial penalty.<\/p>\n     \n    \n     \n    \n  <\/div>\n<\/div>\n\n\n<div id=\"uc_uc_icon_accordion_elementor_4197858_item8\" class=\"uc_ac_box  elementor-repeater-item-2054bfc\">\n  <div class=\"uc-heading uc_trigger\" role=\"button\" aria-controls=\"uc_uc_icon_accordion_elementor_4197858_item8-content\" tabindex=\"0\" aria-expanded=\"false\">\n    \n        \n    <div id=\"uc_uc_icon_accordion_elementor_4197858_item8-title\" class=\"ue_title\">How long does it take to build a compliant AML\/CTF program?<\/div>    \n    \n          <div class=\"ue_expand_spacing\"><\/div>\n      <div class=\"ue_expand\">\n        <div class=\"ue_expand_inside\">\n          <span class=\"uc_dactive bbb ue_accordion_icon\" ><i class='fas fa-plus'><\/i><\/span>\n          <span class=\"uc_active bbb ue_accordion_icon\"><i class='fas fa-minus'><\/i><\/span>\n        <\/div>\n      <\/div>\n        \n  <\/div>\n  \n  <div id=\"uc_uc_icon_accordion_elementor_4197858_item8-content\" class=\"uc_content\" role=\"region\" aria-labelledby=\"uc_uc_icon_accordion_elementor_4197858_item8-title\" >\n          <p>Building a defensible, operationally embedded AML\/CTF program \u2014 covering risk assessment, program drafting, KYC procedure design, beneficial ownership frameworks, and staff training \u2014 typically requires 60 to 90 days of focused work. Firms that have not begun by April 2026 risk not completing implementation before the 1 July 2026 commencement date. AUSTRAC has indicated no grace period for newly designated entities. The risk assessment phase alone, on which the program's risk calibration depends, takes two to four weeks for most professional services firms.<\/p>\n     \n    \n     \n    \n  <\/div>\n<\/div>\n\n\n<div id=\"uc_uc_icon_accordion_elementor_4197858_item9\" class=\"uc_ac_box  elementor-repeater-item-2e8274b\">\n  <div class=\"uc-heading uc_trigger\" role=\"button\" aria-controls=\"uc_uc_icon_accordion_elementor_4197858_item9-content\" tabindex=\"0\" aria-expanded=\"false\">\n    \n        \n    <div id=\"uc_uc_icon_accordion_elementor_4197858_item9-title\" class=\"ue_title\">What does 'operationalised' mean in the context of an AML\/CTF program?<\/div>    \n    \n          <div class=\"ue_expand_spacing\"><\/div>\n      <div class=\"ue_expand\">\n        <div class=\"ue_expand_inside\">\n          <span class=\"uc_dactive bbb ue_accordion_icon\" ><i class='fas fa-plus'><\/i><\/span>\n          <span class=\"uc_active bbb ue_accordion_icon\"><i class='fas fa-minus'><\/i><\/span>\n        <\/div>\n      <\/div>\n        \n  <\/div>\n  \n  <div id=\"uc_uc_icon_accordion_elementor_4197858_item9-content\" class=\"uc_content\" role=\"region\" aria-labelledby=\"uc_uc_icon_accordion_elementor_4197858_item9-title\" >\n          <p>An operationalised AML\/CTF program is one that is embedded in how the firm actually works \u2014 not one that exists only as a document. Operationalisation means KYC procedures are applied at every new client onboarding, CDD refresh is scheduled and tracked for existing clients, suspicious matter escalation follows a defined internal protocol, staff are trained and can demonstrate awareness, and decisions are documented. AUSTRAC supervisory reviews look for evidence of practice \u2014 transaction records, training logs, CDD file notes, documented SMR decisions. A policy document alone will not satisfy a supervisory review.<\/p>\n     \n    \n     \n    \n  <\/div>\n<\/div>\n\n\n<div id=\"uc_uc_icon_accordion_elementor_4197858_item10\" class=\"uc_ac_box  elementor-repeater-item-739ad2d\">\n  <div class=\"uc-heading uc_trigger\" role=\"button\" aria-controls=\"uc_uc_icon_accordion_elementor_4197858_item10-content\" tabindex=\"0\" aria-expanded=\"false\">\n    \n        \n    <div id=\"uc_uc_icon_accordion_elementor_4197858_item10-title\" class=\"ue_title\">How can DBA Advisory help my firm comply with the AML\/CTF reforms?<\/div>    \n    \n          <div class=\"ue_expand_spacing\"><\/div>\n      <div class=\"ue_expand\">\n        <div class=\"ue_expand_inside\">\n          <span class=\"uc_dactive bbb ue_accordion_icon\" ><i class='fas fa-plus'><\/i><\/span>\n          <span class=\"uc_active bbb ue_accordion_icon\"><i class='fas fa-minus'><\/i><\/span>\n        <\/div>\n      <\/div>\n        \n  <\/div>\n  \n  <div id=\"uc_uc_icon_accordion_elementor_4197858_item10-content\" class=\"uc_content\" role=\"region\" aria-labelledby=\"uc_uc_icon_accordion_elementor_4197858_item10-title\" >\n          <p>services firms, financial businesses, and private enterprises navigating the Tranche 2 reforms. Our services cover AUSTRAC registration, ML\/TF risk assessment, AML\/CTF program drafting, KYC and CDD procedure design, beneficial ownership frameworks, staff training, and independent program review. All engagements are delivered on a fixed-fee basis, so firms can plan the cost of AML\/CTF compliance with certainty before the work begins. Book a Compliance Readiness Consultation at dbaadvisory.com.<\/p>\n     \n    \n     \n    \n  <\/div>\n<\/div>\n\n  <\/div>\n<\/div>\n<!-- end Icon Accordion -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4e9668d e-con-full e-flex e-con e-child\" data-id=\"4e9668d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b1d4b89 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b1d4b89\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e8e84c6 e-con-full e-flex e-con e-child\" data-id=\"e8e84c6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a77ebf8 elementor-widget elementor-widget-heading\" data-id=\"a77ebf8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Disclaimer<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-07fcd3e e-con-full e-flex e-con e-child\" data-id=\"07fcd3e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a4afa31 elementor-widget elementor-widget-text-editor\" data-id=\"a4afa31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>\u00a9 DBA Advisory 2026. This article is intended as general information only and does not constitute legal or compliance advice. Businesses should seek qualified advice specific to their circumstances before acting on any information contained in this article.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fc0886d e-flex e-con-boxed e-con e-parent\" data-id=\"fc0886d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-c1168c8 e-con-full e-flex e-con e-child\" data-id=\"c1168c8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;video&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-631f882 e-con-full e-flex e-con e-child\" data-id=\"631f882\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-57a1aa9 elementor-widget elementor-widget-heading\" 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);}.elementor-widget-post-info .elementor-icon-list-item{font-size:var( --e-global-typography-text-font-size );line-height:var( --e-global-typography-text-line-height );letter-spacing:var( --e-global-typography-text-letter-spacing );word-spacing:var( --e-global-typography-text-word-spacing );}.elementor-widget-theme-post-excerpt .elementor-widget-container{font-size:var( --e-global-typography-text-font-size );line-height:var( --e-global-typography-text-line-height );letter-spacing:var( --e-global-typography-text-letter-spacing );word-spacing:var( --e-global-typography-text-word-spacing );}}@media(max-width:767px){.elementor-widget-theme-post-featured-image .widget-image-caption{font-size:var( --e-global-typography-text-font-size );line-height:var( --e-global-typography-text-line-height );letter-spacing:var( --e-global-typography-text-letter-spacing );word-spacing:var( --e-global-typography-text-word-spacing );}.elementor-widget-theme-post-title .elementor-heading-title{font-size:var( --e-global-typography-primary-font-size );line-height:var( --e-global-typography-primary-line-height );letter-spacing:var( --e-global-typography-primary-letter-spacing );word-spacing:var( --e-global-typography-primary-word-spacing );}.elementor-15976 .elementor-element.elementor-element-913070a .elementor-heading-title{font-size:2rem;line-height:2.8rem;}.elementor-widget-post-info .elementor-icon-list-item{font-size:var( --e-global-typography-text-font-size );line-height:var( --e-global-typography-text-line-height );letter-spacing:var( --e-global-typography-text-letter-spacing );word-spacing:var( --e-global-typography-text-word-spacing );}.elementor-widget-theme-post-excerpt .elementor-widget-container{font-size:var( --e-global-typography-text-font-size );line-height:var( --e-global-typography-text-line-height );letter-spacing:var( --e-global-typography-text-letter-spacing );word-spacing:var( --e-global-typography-text-word-spacing );}}@media(min-width:2400px){.elementor-widget-theme-post-featured-image .widget-image-caption{font-size:var( --e-global-typography-text-font-size );line-height:var( --e-global-typography-text-line-height );letter-spacing:var( --e-global-typography-text-letter-spacing );word-spacing:var( --e-global-typography-text-word-spacing );}.elementor-widget-theme-post-title .elementor-heading-title{font-size:var( --e-global-typography-primary-font-size );line-height:var( --e-global-typography-primary-line-height );letter-spacing:var( --e-global-typography-primary-letter-spacing );word-spacing:var( --e-global-typography-primary-word-spacing );}.elementor-widget-post-info .elementor-icon-list-item{font-size:var( --e-global-typography-text-font-size );line-height:var( --e-global-typography-text-line-height );letter-spacing:var( --e-global-typography-text-letter-spacing );word-spacing:var( --e-global-typography-text-word-spacing );}.elementor-widget-theme-post-excerpt .elementor-widget-container{font-size:var( --e-global-typography-text-font-size );line-height:var( --e-global-typography-text-line-height );letter-spacing:var( --e-global-typography-text-letter-spacing );word-spacing:var( --e-global-typography-text-word-spacing );}}<\/style>\t\t<div data-elementor-type=\"loop-item\" data-elementor-id=\"15976\" class=\"elementor elementor-15976 e-loop-item e-loop-item-34716 post-34716 post type-post status-publish format-standard has-post-thumbnail hentry category-financial-services category-aml-ctf-compliance category-regulatory-compliance tag-aml-compliance tag-aml-ctf-obligations tag-aml-ctf-program tag-aml-ctf-tranche-2 tag-aml-ctf-tranche-2-reforms tag-aml-kyc tag-anti-money-laundering-act tag-austrac entry has-media\" data-elementor-post-type=\"elementor_library\" data-custom-edit-handle=\"1\">\n\t\t\t<div class=\"elementor-element elementor-element-711ace2 e-con-full e-flex e-con e-parent\" data-id=\"711ace2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-01028a9 e-con-full e-flex e-con e-child\" data-id=\"01028a9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-f46a4ac e-con-full e-flex e-con e-child\" data-id=\"f46a4ac\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bf566fb elementor-widget__width-inherit elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"bf566fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Obligations_Changes-1.webp\" class=\"attachment-full size-full wp-image-34776\" alt=\"in image of 2 limestone rock stacks that are part of the 12 Apostle&amp;apos;s symbolizing the structural changes and the AML\/CTF Obligations for Professional Services 2026\" srcset=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Obligations_Changes-1.webp 1500w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Obligations_Changes-1-300x200.webp 300w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Obligations_Changes-1-1024x683.webp 1024w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Obligations_Changes-1-768x512.webp 768w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Obligations_Changes-1-18x12.webp 18w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5cdfee3 e-con-full e-flex e-con e-child\" data-id=\"5cdfee3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-fffbccc e-con-full e-flex e-con e-child\" data-id=\"fffbccc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-913070a elementor-widget__width-inherit elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"913070a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.dbaadvisory.com\/en\/aml-ctf-obligations-for-professional-services\/\">AML\/CTF Obligations for Professional Services<\/a><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-954e3d9 e-con-full e-flex e-con e-child\" data-id=\"954e3d9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-747e9db elementor-align-left elementor-widget elementor-widget-post-info\" data-id=\"747e9db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-ddee01c elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.dbaadvisory.com\/en\/2026\/02\/13\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>February 13, 2026<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-545ea6d elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-book-open\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-custom\">\n\t\t\t\t\t\t\t\t\t\t10 - 12 min read\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5628e40 e-con-full e-flex e-con e-child\" data-id=\"5628e40\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d5f5e36 elementor-widget elementor-widget-theme-post-excerpt\" data-id=\"d5f5e36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-excerpt.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\tDiscover how DBA Advisory designs resilient Australian AML compliance systems to ensure zero-error alignment.\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div data-elementor-type=\"loop-item\" data-elementor-id=\"15976\" class=\"elementor elementor-15976 e-loop-item e-loop-item-34693 post-34693 post type-post status-publish format-standard has-post-thumbnail hentry category-financial-services category-aml-ctf-compliance category-regulatory-compliance tag-aml-compliance tag-aml-ctf-obligations tag-aml-ctf-program tag-aml-ctf-tranche-2 tag-aml-ctf-tranche-2-reforms tag-aml-kyc tag-anti-money-laundering-act tag-austrac entry has-media\" data-elementor-post-type=\"elementor_library\" data-custom-edit-handle=\"1\">\n\t\t\t<div class=\"elementor-element elementor-element-711ace2 e-con-full e-flex e-con e-parent\" data-id=\"711ace2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-01028a9 e-con-full e-flex e-con e-child\" data-id=\"01028a9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-f46a4ac e-con-full e-flex e-con e-child\" data-id=\"f46a4ac\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bf566fb elementor-widget__width-inherit elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"bf566fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Tranche-2_Hero-2-1.webp\" class=\"attachment-full size-full wp-image-34774\" alt=\"an image of the Crawley Edge boatshed in Perth to symbolize the significance of the AML\/CTF Tranche 2 in Australia\" srcset=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Tranche-2_Hero-2-1.webp 1500w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Tranche-2_Hero-2-1-300x200.webp 300w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Tranche-2_Hero-2-1-1024x683.webp 1024w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Tranche-2_Hero-2-1-768x512.webp 768w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/06\/AMLCTF-Tranche-2_Hero-2-1-18x12.webp 18w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5cdfee3 e-con-full e-flex e-con e-child\" data-id=\"5cdfee3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-fffbccc e-con-full e-flex e-con e-child\" data-id=\"fffbccc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-913070a elementor-widget__width-inherit elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"913070a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.dbaadvisory.com\/en\/aml-ctf-tranche-2-australia\/\">AML\/CTF Tranche 2 in Australia<\/a><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-954e3d9 e-con-full e-flex e-con e-child\" data-id=\"954e3d9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-747e9db elementor-align-left elementor-widget elementor-widget-post-info\" data-id=\"747e9db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-ddee01c elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.dbaadvisory.com\/en\/2026\/02\/08\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>February 8, 2026<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-545ea6d elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-book-open\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-custom\">\n\t\t\t\t\t\t\t\t\t\t10 - 12 min read\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5628e40 e-con-full e-flex e-con e-child\" data-id=\"5628e40\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d5f5e36 elementor-widget elementor-widget-theme-post-excerpt\" data-id=\"d5f5e36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-excerpt.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\tDiscover how DBA Advisory designs resilient Australian AML compliance systems to ensure zero-error alignment.\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div data-elementor-type=\"loop-item\" data-elementor-id=\"15976\" class=\"elementor elementor-15976 e-loop-item e-loop-item-23478 post-23478 post type-post status-publish format-standard has-post-thumbnail hentry category-financial-services category-aml-ctf-compliance category-regulatory-compliance tag-aml-compliance tag-aml-ctf-obligations tag-aml-ctf-program tag-aml-ctf-tranche-2 tag-aml-ctf-tranche-2-reforms tag-aml-kyc tag-anti-money-laundering-act tag-austrac entry has-media\" data-elementor-post-type=\"elementor_library\" data-custom-edit-handle=\"1\">\n\t\t\t<div class=\"elementor-element elementor-element-711ace2 e-con-full e-flex e-con e-parent\" data-id=\"711ace2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-01028a9 e-con-full e-flex e-con e-child\" data-id=\"01028a9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-f46a4ac e-con-full e-flex e-con e-child\" data-id=\"f46a4ac\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bf566fb elementor-widget__width-inherit elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"bf566fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2.webp\" class=\"attachment-full size-full wp-image-34643\" alt=\"an image of a blue door with a lion head door knocker to symbolize AML\/CTF compliance in Australia\" srcset=\"https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2.webp 1500w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2-300x200.webp 300w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2-1024x683.webp 1024w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2-768x512.webp 768w, https:\/\/www.dbaadvisory.com\/wp-content\/uploads\/2026\/05\/Australian-AML-Compliance_Hero-1-2-18x12.webp 18w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5cdfee3 e-con-full e-flex e-con e-child\" data-id=\"5cdfee3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-fffbccc e-con-full e-flex e-con e-child\" data-id=\"fffbccc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-913070a elementor-widget__width-inherit elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"913070a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.dbaadvisory.com\/en\/aml-ctf-compliance-australia\/\">AML\/CTF Compliance in Australia<\/a><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-954e3d9 e-con-full e-flex e-con e-child\" data-id=\"954e3d9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-747e9db elementor-align-left elementor-widget elementor-widget-post-info\" data-id=\"747e9db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-ddee01c elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.dbaadvisory.com\/en\/2026\/01\/27\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>January 27, 2026<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-545ea6d elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-book-open\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-custom\">\n\t\t\t\t\t\t\t\t\t\t10 - 12 min read\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5628e40 e-con-full e-flex e-con e-child\" data-id=\"5628e40\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d5f5e36 elementor-widget elementor-widget-theme-post-excerpt\" data-id=\"d5f5e36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-excerpt.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\tDiscover how DBA Advisory designs resilient Australian AML compliance systems to ensure zero-error alignment.\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d0708d1 e-con-full e-flex e-con e-parent\" data-id=\"d0708d1\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;video&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-907e9f0 e-con-full e-flex e-con e-child\" data-id=\"907e9f0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d02f409 elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"d02f409\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">What to Expect Next<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-465e40e e-con-full e-flex e-con e-child\" data-id=\"465e40e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0793001 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"0793001\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-pm-slice=\"1 1 [&quot;bullet_list&quot;,{},&quot;list_item&quot;,{}]\">We build the resilient operational foundations<\/p><p data-pm-slice=\"1 1 [&quot;bullet_list&quot;,{},&quot;list_item&quot;,{}]\"><strong>empowering you to<\/strong><\/p><p data-pm-slice=\"1 1 [&quot;bullet_list&quot;,{},&quot;list_item&quot;,{}]\">scale your business with absolute certainty<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0925ff8 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"0925ff8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:500}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8475521 ekit-equal-height-enable elementor-widget elementor-widget-elementskit-icon-box\" data-id=\"8475521\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" >        <!-- link opening -->\n                <a href=\"https:\/\/www.dbaadvisory.com\/contact-us-v2\/\" class=\"ekit_global_links\">\n                <!-- end link opening -->\n\n        <div class=\"elementskit-infobox text-left text-right icon-lef-right-aligin 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1.258-0.927 1.964-1.361 0.531-0.327 1.081-0.664 1.482-0.98 0.461-0.363 0.53-0.542 0.538-0.571-0.011-0.413-0.827-2.018-2.351-3.997-1.772-2.302-2.955-3.143-3.259-3.195z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">09158918379<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23f9478 e-grid-align-left elementor-widget__width-inherit elementor-shape-rounded elementor-grid-0 elementor-widget elementor-widget-social-icons\" data-id=\"23f9478\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"social-icons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-social-icons-wrapper elementor-grid\">\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-linkedin-in elementor-repeater-item-5c784ac\" href=\"https:\/\/www.linkedin.com\/in\/alquin-dagamina-547517112\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Linkedin-in<\/span>\n\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-linkedin-in\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3425703 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"3425703\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:500}\">\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Discover how DBA Advisory designs resilient Australian AML compliance systems to ensure zero-error alignment.<\/p>","protected":false},"author":5,"featured_media":34643,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[349,339,350],"tags":[340,344,346,347,348,341,342,343],"class_list":["post-23478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services","category-aml-ctf-compliance","category-regulatory-compliance","tag-aml-compliance","tag-aml-ctf-obligations","tag-aml-ctf-program","tag-aml-ctf-tranche-2","tag-aml-ctf-tranche-2-reforms","tag-aml-kyc","tag-anti-money-laundering-act","tag-austrac","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.dbaadvisory.com\/en\/wp-json\/wp\/v2\/posts\/23478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dbaadvisory.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dbaadvisory.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dbaadvisory.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dbaadvisory.com\/en\/wp-json\/wp\/v2\/comments?post=23478"}],"version-history":[{"count":114,"href":"https:\/\/www.dbaadvisory.com\/en\/wp-json\/wp\/v2\/posts\/23478\/revisions"}],"predecessor-version":[{"id":34818,"href":"https:\/\/www.dbaadvisory.com\/en\/wp-json\/wp\/v2\/posts\/23478\/revisions\/34818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dbaadvisory.com\/en\/wp-json\/wp\/v2\/media\/34643"}],"wp:attachment":[{"href":"https:\/\/www.dbaadvisory.com\/en\/wp-json\/wp\/v2\/media?parent=23478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dbaadvisory.com\/en\/wp-json\/wp\/v2\/categories?post=23478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dbaadvisory.com\/en\/wp-json\/wp\/v2\/tags?post=23478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}