AML/CTF Tranche 2, now in force
If your firm provides a designated service under the anti-money laundering and counter-terrorism financing (AML/CTF) rules, the obligations started on 1 July 2026. AUSTRAC enrolment closed on 29 July 2026. The deadline is now an operating requirement: a written AML/CTF program, know-your-customer procedures, record-keeping and reporting, with the evidence produced on request. Underneath the legal work, most of it is an IT and data-handling project.