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In October 2025 AUSTRAC released its core guidance to support businesses in preparing for the major changes to Australia’s AML/CTF regime. This guidance is available on AUSTRAC’s website: https://www.austrac.gov.au/about-us/amlctf-reform The purpose of this guidance is to clarify how the revised obligations will apply, describe what good looks like under the new regime and help both current reporting entities and newly-regulated sectors to begin the transition. Why This Matt

There is no easy setting when it comes to customer screening. If you tune too tightly, a true match slips through and the regulator will ask why. If you loosen the rules, your team drowns in noise and meaningful risk is buried under a large volume of false positive alerts. Somewhere in the middle lies a configuration that might work, but your system will not tell you where that is. Neither will your KYC solution vendor. Welcome to the ambiguous world of AML screening, the spa

In the past Australian reporting entities could take comfort in a clearly defined rulebook. The AML/CTF framework gave prescriptive instructions, safe harbour provisions and checklists that made customer due diligence feel predictable and manageable. We knew the rules, we ticked the boxes and we trusted that doing so would keep us safe. That sense of safety is beginning to fade. With the latest reforms reshaping the landscape, clarity is giving way to flexibility. The law is

If your business provides certain 'designated services' in Australia, you will likely have heard about the upcoming changes to anti-money laundering and counter terrorism financing regulation. The reforms are being driven by the need to update the regulatory framework and bring in new sectors under oversight. These changes are set out in the new Anti‑Money Laundering and Counter‑Terrorism Financing Rules 2025 (the “Rules”) that were tabled in Parliament on 29 August 2025. In