Australian businesses warned against cursory response to new AML rules

( July 17, 2025, 06:28 GMT | Official Statement) -- MLex Summary: Businesses grappling with Australia’s new anti-money laundering laws will be expected to maintain a focus on reducing money-laundering risks, despite the challenges posed by the new regime, the country’s financial crime watchdog said. In launching its 2025-2026 regulatory priorities document today, the head of the Australian Transaction Reports and Analysis Centre, Brendan Thomas, warned against businesses responding to the new regime, which comes into effect at different points of 2026, by implementing programs or processes “that may create the impression of compliance with the AML/CTF Act, but have minimal impact on the risk of money laundering.”The Austrac 2025-26 Regulatory Priorities report is attached and the statement from CEO Brendan Thomas follows: ...

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Australian businesses warned against cursory response to new AML rules

Prepare for tomorrow’s regulatory change, today

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