ACCOUNTANTS
Accountants are included when they advise on or manage financial affairs, including banking or financing arrangements, companies, trusts, and significant transactions.Their insight into how funds move through a business brings additional compliance responsibilities.
From 1 July 2026, impacted accounting practices must maintain an AML/CTF compliance program, and you will need to meet ongoing AML/CTF requirements.
LAWYERS
Lawyers may be captured where their work involves property transactions, business sales, share acquisitions or transfers, trust accounts, banking or financing arrangements, or the creation of companies and trusts. These services can place lawyers close to the movement or control of money and assets, which may give rise to AML/ CTF obligations.
From 1 July 2026, affected practices must have a compliant AML/CTF program in place, and you will need to meet ongoing AML/CTF requirements.
REAL ESTATE AGENTS
Real estate agents are captured when they facilitate property sales and purchases. Property transactions often involve large sums of money, making transparency around parties and transactions important.
From 1 July 2026, agents providing designated services must have an AML/CTF program in place, and you will need to meet ongoing AML/CTF requirements.
TRUST AND COMPANY SERVICE PROVIDERS
Businesses that form or manage companies, trusts, or nominee arrangements are included because these structures can obscure ownership or control if not properly understood.
This category covers businesses such as corporate service firms, professional company directors and secretaries, trust administrators and managers, and registered office providers.
From 1 July 2026, providers offering designated services must have an AML/CTF compliance program in place, and you will need to meet ongoing AML/CTF requirements.
CONVEYANCERS
Independent conveyancers may still be captured under the Tranche 2 AML/CTF reforms, due to their central role in property transactions, particularly around settlement and changes in ownership.
As a result, from 1 July 2026, independent conveyancing practices providing designated services must have an AML/CTF compliance program, and you will need to meet ongoing AML/CTF requirements.
DEALERS IN PRECIOUS METALS AND STONES
This includes jewelers, gold bullion dealers, and gemstone traders when they buy or sell precious metals or stones in transactions, or linked transactions, with a total value of $10,000 or more, when payment is made in cash, digital currency (virtual assets), or a combination of both. High-value items that are easy to buy, sell, or transport can present higher risk if misused.
From 1 July 2026, businesses providing designated services in this sector must maintain an AML/CTF program, and you will need to meet ongoing AML/CTF requirements.