From www.bartier.com.au: The Anti-Money Laundering and Counter Terrorism Financing Act will be expanded from March 31, 2026, to include real estate professionals, dealers in precious metals and stones, and various professional service providers.

Key changes require these newly regulated entities to enrol with AUSTRAC, implement tailored AML/CTF programs, and conduct customer due diligence while preserving legal professional privilege.

Additional reforms include the establishment of reporting groups, the inclusion of virtual asset-related services, and updated compliance obligations to enhance the Regime’s effectiveness against money laundering and terrorism financing.