The new Reporting Group model allows for broader, more strategic compliance partnerships but demands careful planning, clear governance, and early action to manage the increased liability of the Lead Entity.
The new Reporting Group model allows for broader, more strategic compliance partnerships but demands careful planning, clear governance, and early action to manage the increased liability of the Lead Entity.
Obtaining an Australian Financial Services Licence (AFSL) involves both upfront application costs and ongoing compliance obligations that depend heavily on the business model. For financial services providers, fintechs, and advisers considering self-licensing, understanding these costs is essential to accurate budgeting…
Every business providing designated services under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (‘AML/CTF Act‘) — from banks and casinos to lawyers and real estate agents — must maintain a documented, risk-based AML/CTF program before handling a single…
Having specialised in legal risk and compliance since the Australian AML/CTF Act was first enacted in 2006, I’ve helped countless businesses navigate regulatory shifts. The expansion of these laws to real estate in July 2026 is the most significant change in years.…
Australia’s Tranche 2 AML/CTF Reforms: What you need to know before 1 July 2026 Australia is implementing long-awaited reforms to bring certain professional services into the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). These are known as the “Tranche 2…
The Australian Government is introducing major reforms that will, for the first time, bring parts of the legal profession into the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth). These reforms—known as Tranche 2—mean that many lawyers and legal practices will soon…
Key Changes to the new AML/CTF Rules for existing entities Big changes are coming to Australia’s financial crime landscape. The AML/CTF Rules 2025 represent the most significant shift in our anti-money laundering and counter-terrorism financing regime in nearly two decades. If your…
The Imperative of a Robust AML Compliance Framework In Australia’s dynamic regulatory landscape, businesses face an increasingly complex and sophisticated threat from financial crime, including money laundering (ML) and terrorism financing (TF). For those designated as reporting entities under the Anti-Money Laundering…
AUSTRAC AML Audit Warning for Non-Bank Lenders: Affordable Compliance Packages If you are a Non-Bank Lender or Financier (NBLF) in Australia, your board has received a serious letter from AUSTRAC. On May 15, 2025, AUSTRAC issued a stern warning to the Non-Bank Lender…
