Australia's expanded AML/CTF regime has introduced important responsibilities for accountants who provide designated company, trust and related professional services. The challenge is understanding what the requirements mean in everyday practice-without getting lost in technical language.
AML/CTF for Accountants Made Easy is a practical, plain-English guide for accountants, tax practitioners and accounting practices that need a clear starting point for managing financial-crime compliance.
The book explains how to recognize when regulated services may be provided and how to develop proportionate controls around the work.
Readers will learn how to:
• understand enrolment and governance responsibilities
• develop and maintain an effective AML/CTF program
• conduct customer and beneficial-owner due diligence
• identify money-laundering and terrorism-financing risks
• recognise suspicious activity and reporting triggers
apply ongoing monitoring and record-keeping requirements
• train staff and assess whether controls are working effectively
Practical checklists, examples, decision points and knowledge checks turn complex compliance expectations into manageable steps that can be applied in day-to-day accounting practice.
Written for busy professionals, this guide helps accounting practices move from uncertainty to a more structured and confident approach to AML/CTF compliance.
This publication is an educational resource and does not replace legal advice, professional advice or current AUSTRAC guidance.
AUSTRAC confirms that the expanded regime has applied since 1 July 2026 to accountants providing relevant designated services, including services involving companies, trusts and legal arrangements.
