Most firms still think AML/CTF compliance is task-based. In reality, adequate compliance is determined by the AML procedures accountants have in place: how different tasks connect, the order in which to do them, and how decisions are documented. In this guide, we look at the three core AML workflows for accounting firms, how they connect,…

AML/CTF compliance is complex, and navigating AUSTRAC’s guidelines can be confusing. This guide digs into everything you need to know about KYC and how to stay compliant with AML/CTF obligations.  From 1 July 2026, CDD and KYC obligations will become mandatory for accounting practices that provide designated services under Australia’s AML/CTF Act. Firms falling within…