AML/CTF Act
Act commenced regulating financial services.
Australia
AML Australia. The Framework Explained
Australia's AML framework explained. Learn about AUSTRAC, the AML/CTF Act, and compliance requirements for Australian businesses.
Australia's AML framework
Australia's anti-money laundering framework is regulated by AUSTRAC under the AML/CTF Act 2006. There are currently approximately 17,000 reporting entities enrolled with AUSTRAC.
The framework is expanding in July 2026 to include gatekeeper professions like real estate agents, accountants, lawyers, and dealers in precious metals.
AML milestones in Australia
Fintel Alliance
Public-private partnership established.
Reforms Passed
Major amendments to expand regulation.
Tranche 2
New sectors come under regulation.
Key elements
AUSTRAC
Australia's AML/CTF regulator and financial intelligence unit.
AML/CTF Act
Primary legislation setting out obligations.
17,000+ Entities
Reporting entities currently enrolled with AUSTRAC.
Fintel Alliance
Public-private partnership fighting financial crime.
Frequently asked questions
What is AML in Australia?
AML (Anti-Money Laundering) in Australia is regulated by AUSTRAC under the AML/CTF Act 2006. Businesses providing designated services must comply with reporting and compliance obligations.
Who regulates AML in Australia?
AUSTRAC (Australian Transaction Reports and Analysis Centre) is Australia's AML/CTF regulator and financial intelligence unit.
What businesses need to comply?
Currently financial services, gambling, bullion dealers, and digital currency exchanges. From July 2026, this expands to real estate, legal, accounting, and precious metals.
Related resources
Meet your AML obligations
ARCaml helps Australian businesses comply with AUSTRAC requirements.