AUSTRAC expands AML/CTF laws from 1 July 2026, bringing real estate, legal and accounting sectors into scope to close key ML gaps in property and professional services

From 1 July 2026, real estate agents, lawyers, conveyancers, accountants and dealers in precious metals and stones must comply with AML/CTF obligations where they provide designated services, including having a programme, compliance officer, staff training and reporting arrangements in place. AUSTRAC says the expansion targets sectors criminals use to hide illicit funds through property transactions, trusts and company structures…