Bill Passed
Parliament passed the Amendment Bill.
Legislation
AML/CTF Amendment Bill. The Reforms Explained
The AML/CTF Amendment Bill expanded Australia's anti-money laundering regime to new sectors. Learn about the legislative changes.
Australia's AML reforms
The AML/CTF Amendment Bill was passed by Parliament in late 2024, representing the most significant expansion of Australia's anti-money laundering regime since 2006. The reforms extend AML/CTF obligations to gatekeeper professions.
According to AUSTRAC, for too long criminals have been able to take advantage of these so-called 'gatekeeper professions'.
Key dates
Current Entities
New rules start for existing reporting entities.
Tranche 2
Obligations start for newly regulated sectors.
What the Bill changed
Tranche 2 Expansion
Real estate, legal, accounting, precious metals now regulated.
New AML/CTF Rules
Detailed rules supporting the amended Act.
Tipping Off Changes
Focus on harms from disclosure, not disclosure itself.
Enhanced Obligations
Strengthened compliance requirements.
Frequently asked questions
What is the AML/CTF Amendment Bill?
The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 expanded Australia's AML/CTF regime to include Tranche 2 sectors.
When did it pass?
The Amendment Bill was passed by Parliament in late 2024. The new laws take effect from 31 March 2026 for current entities and 1 July 2026 for Tranche 2 entities.
What sectors are now regulated?
Real estate agents, lawyers, accountants, trust and company service providers, and dealers in precious metals and stones.
Related resources
Prepare for the changes
ARCaml helps newly regulated businesses meet their CDD obligations.