AUSTRAC releases guidance for current and new reporting entities on AML/CTF reforms, effective 1 July 2026 – extending obligations to real estate, accounting, legal, and precious metals sectors

The guidance emphasizes a risk-based approach to AML/CTF programs, enhanced customer due diligence, and mandatory reporting of suspicious transactions to combat money laundering and terrorism financing. AUSTRAC aims to address evolving criminal tactics and support newly regulated sectors with resources and sector-specific guidance to strengthen financial crime prevention…