New AML/CTF Reforms: What They Mean for Your Business
- Lockwood and Ward
- Oct 9
- 1 min read
From 1 July 2026, Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws will extend to services commonly provided by accountants and advisers.
If your business offers “designated services,” you may need to register and meet new reporting obligations. Routine tax compliance, general advice, and audits are not expected to be captured — though final guidance is due by December 2025.
Designated services include:
Real estate transactions
Business sales and acquisitions
Managing client funds, such as payroll or trust accounts
Assisting with equity or debt financing
Shelf company sales and entity formations
Acting as director, secretary, trustee, attorney, or nominee shareholder
Providing a registered office or business address
The law applies on an “all in or all out” basis, so even rare involvement triggers obligations.
For SMEs, these reforms matter. If your advisers provide any of the captured services, they’ll face stricter compliance requirements — potentially increasing costs and processes.
At Lockwood & Ward, we’re already working with AML specialists to prepare our clients. By planning ahead, you’ll minimise risk and ensure your business stays compliant when the changes arrive.
Contact Lockwood & Ward on (02) 9299 7044 or stop by Level 9, 50 Clarence Street, Sydney NSW 2000.
