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Compliance
AML Compliance Consulting Australia
AML compliance consulting and implementation services in Australia - AUSTRAC requirements, AML/CTF program setup, and ongoing compliance support for reporting entities.
AUSTRAC Requirements
Whether you engage AML compliance consulting or implementation services in Australia, the goal is the same: a compliant, audit-ready AML/CTF program. Consulting covers risk assessment, program design and gap analysis; implementation covers standing up CDD workflows, screening, monitoring and record-keeping in practice.
From 1 July 2026, AML/CTF obligations apply to Tranche 2 entities - accountants, lawyers, conveyancers, real estate professionals and dealers in precious metals and stones. Enrolment with AUSTRAC opens 31 March 2026 and must be completed by 29 July 2026.
Key Requirements
AML/CTF Program
Develop and maintain a tailored compliance program.
Customer Due Diligence
Identify and verify your customers before providing services.
Reporting Obligations
Submit required reports including SMRs and TTRs.
Frequently asked questions
What are the key obligations?
Key obligations include enrolling with AUSTRAC, developing an AML/CTF program, conducting customer due diligence, and meeting reporting requirements.
When do obligations start?
For Tranche 2 entities (including reporting entities), obligations commence 1 July 2026. Enrolment opens 31 March 2026.
What records must I keep?
You must maintain accurate records of your AML/CTF program and compliance activities. Most records must be retained for 7 years.
Related resources
Simplify Your Compliance
ARCaml helps reporting entities meet AUSTRAC requirements efficiently.