Compliance Deadline Approaches for Accounting Firms Under Australia’s AML/CTF Tranche 2 Reforms
Author: FeeSynergy Regulatory Background Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act (introduced in 2006) is expanding under Tranche 2 Reforms, which passed on 29th November 2024. These amendments extend compliance obligations to professional service providers such as accountants, lawyers, real estate agents, and trust service providers. Firms must enrol with…