Reforms to the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act

From 1 July 2026, major reforms to the AML/CTF Act 2006 will come into effect, aligned with global efforts to combat organised crime. These changes aim to strengthen Australia’s ability to deter, detect and disrupt money laundering and terrorism financing – protecting both our economy and our communities.

The Committee for Melbourne recently hosted a critical conversation with member KordaMentha, on how key sectors like real estate, legal, conveyancing, and accounting can prepare for inclusion under the AML/CTF regime.

Led by Richard Lee, Executive Director of the Financial Crime team at KordaMentha, Tranche 2 AML/CTF: Risk, readiness and reform explored practical steps for readiness. Richard and his team have been working closely with businesses already regulated under AML/CTF, as well as those preparing to enter the framework.

To discuss further, contact Richard at richard.lee@kordamentha.com or +61 3 9908 8936.

This session was originally recorded on 12 November 2025.

This information was correct at the time of broadcast. This does not constitute formal legal advice. The Victorian Chamber accepts no liability for actions taken as a result of this broadcast.

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