AML/CTF Tranche 2 Compliance Fast Approaching

EFFECTIVE 1 JULY 2026

From 1 July 2026, your accounting firm could be breaking the law and most practices don’t even know it yet. Australia’s AML/CTF Tranche 2 reforms are almost here. If you set up companies or trusts, manage client funds, act as a nominee director, or assist with property transactions, you are now officially in scope.

The penalties for non-compliance? Up to $33.5 million per contravention.

Yet most small-to-mid sized Australian firms are still focused on tax season, completely unaware this deadline is weeks away.

Australia has officially made accountants the gatekeepers of its economic security.

That is a big responsibility. And a real opportunity to show your clients just how proactive you are.

Use our comprehensive AML/CTF Checklist, the link is below.