Question 1

Who needs to comply with Australia’s new AML/CTF laws?

Accepted Answer

From 1 July 2026, AML/CTF obligations apply to Australian ‘tranche two’ professional services — including real estate agents, conveyancers, lawyers, accountants, property developers, and trust and company service providers. More than 100,000 businesses are now captured.

Question 2

When is the AUSTRAC enrolment deadline?

Accepted Answer

AML/CTF obligations are in effect from 1 July 2026, and affected businesses must enrol with AUSTRAC by 29 July 2026. Firms that miss enrolment risk significant penalties.

Question 3

What are the penalties for non-compliance?

Accepted Answer

Penalties for body corporates can reach up to $31.3 million per breach, with no overall cap — alongside serious reputational and operational risk.

Question 4

What is AMLX?

Accepted Answer

AMLX is a full service AML/CTF compliance solution for Australian professional services firms. Services include advisory support, compliance training, KYC, AUSTRAC enrolment, risk assessment, policies and procedures, and practical setup support. AMLX is powered by AMLHUB and is a SearchX venture.

Question 5

Do I need an in-house compliance officer to use AMLX?

Accepted Answer

AMLX provides external advisory and implementation support for AML/CTF compliance obligations, including program setup, documentation, KYC processes, and staff training. Firms should assess governance and staffing needs based on their own legal and operational requirements.

Let’s get your
agency compliant.

What can we help you with?

Let’s get youragency compliant.

What can we help you with?

Let’s get your
agency compliant.