23/07/2026
What is AML and CTF?
Anti-Money Laundering and Counter-Terrorism Financing. These laws are changing with the goal of the reforms is to close the gaps in our financial system to close avenues to organised crimes.
From 1 July 2026, expanded Anti-Money Laundering and Counter-Terrorism Financing legislation will require many accounting practices to undertake additional client due diligence when providing certain services. This may include collecting and verifying client identification, understanding ownership and control, conducting risk assessments, keeping detailed records and undertaking ongoing monitoring.
Here is a video to learn more about how the reforms might affect you.
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