AML/CTF Hub
Strengthen your legal practice against money laundering and terrorism financing.
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Prepare your practice with compliance with new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation
Legal practices that provide a designated service (defined in the new AML/CTF Act) will become ‘reporting entities’ to AUSTRAC on 31 March 2026 and have new AML/CTF obligations starting 1 July 2026.
Key obligations for reporting entities include:
- Enrolling with AUSTRAC
- Conducting customer due diligence
- Developing and maintaining an AML Program
- Reporting to AUSTRAC
- Record keeping
- Appointing an AML/CTF compliance officer
The Law Society is committed to assisting practitioners navigate and be prepared for the changes to Australia’s AML/CTF legislation and has recreated a suite of complimentary resources to assist the profession.
The Law Society’s Professional Support Unit (PSU) provides free and confidential guidance to all solicitors regarding their AML/CTF obligations.
Enquiries regarding AML/CTF can be made to PSU by telephone, email, or in person. Please contact amlctf@lawsociety.com.au or (02) 9926 0249.
UPCOMING WORKSHOP
ACAMS AML/CTF Tranche 2 Workshop – 28 October 2025
The Association of Certified Anti-Money Laundering Specialists (ACAMS) Australasian Chapter is hosting its next Tranche 2 AML/CTF Reforms workshop on 28 October 2025. It will be held in person at the Crown Conference Centre in Melbourne, and streamed online for those electing to attend virtually. The workshop will provide guidance on upcoming regulatory changes for legal, accounting and property professionals.
All attendees will have 30 day access to recordings. ACAMS is offering members of the NSW Law Society the same pricing as ACAMS members. To access discounted tickets, please email Susan Officer, ACAMS, at sofficer@acams.org.
Further information, please click here.