AUSTRAC opens enrolment for newly regulated ‘tranche 2’ professions, marking a key step in expanding the AML/CTF regime, with enrolment from 31 March 2026 and full compliance required by 1 July 2026

The reforms will expand AUSTRAC’s oversight from 19,000 to nearly 100,000 businesses, marking the most significant overhaul in over 20 years and aiming to close long-standing gaps exploited by criminals, particularly in financial and property transactions. Newly covered businesses will be required to implement AML/CTF programs, customer due diligence, suspicious matter reporting, and record-keeping, while existing entities must provide enhanced…