AUSTRAC introduces AML/CTF transitional rules, giving firms until Mar 2029 to meet new CDD requirements and delaying some crypto obligations to July 2026, easing reforms while managing FC risks

Key measures include a three-year period (March 2026–March 2029) for moving to new customer due diligence requirements, extended deadlines for appointing AML/CTF compliance officers, staggered timing for independent evaluations, rollover of existing digital currency exchange registrations to the new virtual asset regime, and delays of certain obligations for virtual asset service providers until July 2026 or 2029. These arrangements aim to balance strong anti-money-laundering and counter-terrorism protections…