Does My Accounting Firm Need to Register with AUSTRAC?
From 1 July 2026, some Australian accounting firms will need to register with AUSTRAC under AML/CTF Tranche 2 reforms. This guide explains the six designated services that may capture accountants, including managing client funds, setting up entities, providing registered office addresses, and acting as nominee officeholders. It also includes a simple self-assessment to help firms understand whether they are likely to become a reporting entity.
9 Things You Must Have in Place by July 2026
Australian accounting firms providing designated services will become reporting entities under the AML/CTF regime from 1 July 2026. This checklist breaks down the 9 key obligations firms must prepare for, including AUSTRAC enrolment, AML/CTF programs, customer due diligence, enhanced due diligence, reporting, record keeping, and staff training.
