TITLE: Australia's AUSTRAC Releases Anti-Money Laundering Program Starter Kits for Newly Regulated Sectors BODY: On 30 January 2026, the Australian Transaction Reports and Analysis Centre (AUSTRAC) released anti-money laundering and counter-terrorism financing (AML/CTF) program starter kits designed to support small businesses in newly regulated sectors to meet their compliance obligations under the AML/CTF Act. From 1 July 2026, businesses providing certain designated services commonly offered by lawyers, accountants, real estate agents, conveyancers and jewellers will be subject to AML/CTF obligations for the first time. The starter kits provide step-by-step guidance and practical tools to help these businesses build their own anti-money laundering programs and manage money laundering and terrorism financing risks. AUSTRAC chief executive Brendan Thomas stated that the kits represent the first time an anti-money laundering regulator globally has provided this level of practical support to business. The kits were developed in close collaboration with industry peak bodies and small businesses across the newly regulated sectors. They are designed to reduce the time, cost and effort required for typical small businesses to develop compliant programs while managing regulatory burden. The kits scale to business size and customer risk profiles, with AUSTRAC noting that most customers pose low to medium risk and compliance generally requires completion of three forms. The kits provide practical guidance on identifying higher-risk scenarios, including customers purchasing real estate with large amounts of physical currency, engaging in unusual unexplained behaviour, or using complex legal structures. AUSTRAC emphasises that the kits represent an ongoing partnership with industry to lower regulatory impost and combat money laundering, and will be updated as obligations, risks and industry practices evolve. Businesses in newly regulated sectors should access the starter kits on AUSTRAC's website and begin building their programs ahead of the 1 July 2026 implementation date.

AUSTRAC backs newly regulated sectors with release of AML/CTF program starter kits | AUSTRAC

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