Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2026
Bill introduced 12 March 2026 giving the AUSTRAC CEO power to restrict or prohibit reporting entities from using high-risk mechanisms such as crypto ATMs, updating terrorism financing definitions, and refining customer due diligence and politically exposed person rules. Still before Parliament.
What it means for business
Consider tracking passage, since the customer due diligence refinements would flow through to newly regulated law practices.
What does this mean for your business?
If this development touches your contracts, compliance or reporting, it may be worth a short conversation. Get in touch through our contact page and a senior lawyer will reply within one business day.
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