Anti-Money Laundering and Counter Terrorism Financing (AML CTF)
Major reforms to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and Australia’s broader AML CTF regime will take effect for Australian legal practitioners in July 2026.
To support you in navigating these changes and prepare for implementation, the Law Society has developed the AML CTF Hub – a dedicated platform to bring together key resources and information from the Law Society, AUSTRAC, the Law Council of Australia and other constituent legal professional bodies.
Latest updates
- AUSTRAC has released an updated draft of the Anti-Money Laundering and Counter-Terrorism Financing Rules for consultation. We are working with the Law Council of Australia to review the draft and, if necessary, provide comments for a submission about the Rules. For more information about advocacy, see Submissions and Consultations.
- Our “Are you ready for the AML CTF regime? Panel discussion with the Law Council of Australia” was held on 24 June 2025, hosted by Herbert Smith Freehills Kramer. Speakers for the seminar were Juliana Warner, President of the Law Council of Australia; Kate Wellington, Law Society CEO; and Fiona Halsey, Director, Halseys and member of the Law Society’s AML CTF Working Group. A recording of the session is being developed and will be uploaded to the Hub shortly.
- Together with our AML CTF Working Group, we continue to engage with AUSTRAC through industry consultation sessions about the draft rules and guidance. We will keep members informed about AML CTF changes as they develop through this Hub, CPDs and Friday Facts.
