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FAQs - Who Needs to Comply with AML/CTF Laws?
Does my law firm need to comply with AML/CTF laws?
If your law firm provides services listed under the incoming reforms (such as legal work for clients with money or property transactions) then yes, you will need to comply once the new rules take effect.
I’m a sole practitioner - do AML/CTF laws apply to me?
Yes. Being a sole practitioner does not exempt you. If you provide services covered by the reforms and they have a geographical link to Australia, you will fall under the rules.
Do in-house lawyers need to comply with AML/CTF laws?
It depends on what services you provide and your business structure. If your in-house legal role involves one of the regulated services (under the reforms) and you meet the criteria for being a “reporting entity”, then you will need to comply.
Do conveyancers need to comply with AML/CTF laws?
Yes. The reforms explicitly bring conveyancers into scope when they provide regulated services under the AML/CTF law.
Do real estate agents need to comply with AML/CTF laws?
Yes. Real estate agents and property developers are listed among the services that will be regulated from 1 July 2026 under the reforms.
Do trust and company service providers need to comply with AML/CTF laws?
Yes. Trust and company service providers are included in the list of professions that will be regulated under the reforms.
I only work with long-standing clients. Do AML/CTF laws apply to me?
Even if you only work with long-standing clients you may still need to comply. The key is what services you provide, not just how long you have had the client. If the service falls under the regulated list, your history with the client doesn’t automatically exempt you.