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
- For those who missed out on our “Are you ready for the AML CTF regime? Panel discussion with the Law Council of Australia” CPD event, a recording is now available. The session 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. Law Society members can watch the seminar on our CPD Online platform and obtain CPD units
- New AUSTRAC Webinars – To help members prepare for the AML CTF reforms, AUSTRAC are hosting a series of online webinars from July to September 2025. Topics include an introductory session of AML CTF obligations, overview of money laundering and terrorism financing risks and a session on outsourcing arrangements. For further information and to register head to the AUSTRAC website.
- AUSTRAC has updated the key dates for their finalisation of tranche II sector-specific guidance (by December 2025). For further details about this and updates to other key dates visit their website.
- The deadline for AUSTRAC’s second round of public consultation on the draft of the Anti-Money Laundering and Counter-Terrorism Financing Rules has passed. For more information about advocacy, see Submissions and Consultations.
- 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.
