The Australian Transaction Reports and Analysis Centre has opened online enrolment for newly covered professions under the next phase of the Government’s anti-money laundering and counter-terrorism financing reforms. Lawyers, accountants, conveyancers, real estate professionals, and dealers in precious stones and metals can now enrol through AUSTRAC Online. From 1 July 2026, those sectors will come under the AML/CTF regime, increasing the number of AUSTRAC-regulated businesses from about 19,000 to close to 100,000 nationwide. From 1 July 2026, newly covered businesses will need to implement AML/CTF programs, conduct customer due diligence, report suspicious matters, and keep records. Most businesses only need to enrol with AUSTRAC, but firms intending to provide remittance or virtual asset designated services must also enrol and apply for registration from 31 March. AUSTRAC has also updated enrolment requirements for existing reporting entities, which may now need to provide additional information on designated services, beneficial ownership, AML/CTF compliance officers, organisational profiles, and reporting groups, supported by new enrolment forms on the AUSTRAC Online platform.

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