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Am I Affected by the New AML Laws?

Updated: May 5

From 1 July 2026, Australia’s AML/CTF laws will expand to cover new industries—a change known as Tranche 2. If you provide certain services in your business, you may soon have AML compliance obligations.


Who Will Be Affected?

The Tranche 2 reforms so far include businesses such as:

  • Real estate services – agents, property managers, and property developers.

  • Dealers in precious metals, precious stones, and jewellery – retailers, wholesalers, and pawnbrokers.

  • Professional services – accountants, lawyers, conveyancers, and trust & company service providers.


If your business falls into one of these categories, you may be required to implement an AML/CTF program and comply with new obligations from 1 July 2026.

 

How Do I Know if My Business is Affected?

AUSTRAC (Australian Transaction Reports and Analysis Centre) is Australia’s financial intelligence agency and has provided an “Am I Regulated?” tool to help businesses check if they fall under the new AML laws.


To use the tool:

  • Answer a few quick questions

  • Understand whether your services are covered

  • Get guidance on what’s coming next





What Happens Next?

Now is the perfect time to start learning the basics—so when the time comes, you’ll be ready to self-manage your compliance with ease.


  • 2025: The government will confirm the final rules for compliance.

  • Around March 2026: AUSTRAC enrolment opens—Tranche 2 businesses must register.

  • 1 July 2026: AML compliance obligations take effect for Tranche 2 businesses.



Want the Latest Updates & Free AML Training?

The AML/CTF laws are changing—but you don’t have to figure it out alone. Subscribe to myAML today and start getting reform ready:


  • Stay informed with clear, bite-sized updates

  • Get free training videos & practical guides

  • Be first in line for a customisable compliance framework that includes templates and tools to help you get compliant and stay compliant – launching later this year!

 



 
 
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