From 1 July 2026 Australia's expanded Anti-Money Laundering and Counter-Terrorism Financing regime captures ~100,000 previously-unregulated businesses, including lawyers, accountants, conveyancers, real estate agents and dealers in precious metals/stones. Entities already providing 'designated services' on 1 July must enrol with AUSTRAC by 29 July 2026, then run customer ID (KYC/KYB) checks, transaction monitoring, suspicious-matter reporting and keep 7-year records.
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AML/CTF 'Tranche 2' laws now cover lawyers, accountants, real estate; enrol by 29 Jul 2026
Why this matters for founders
Founders building in legaltech, proptech, accounting, or professional/precious-metals services (or offering those designated services themselves) must enrol with AUSTRAC and stand up a compliant AML/CTF program now; product teams selling to these sectors can position onboarding, screening and reporting tooling against the deadline.
Source: business.gov.au
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