{"id":996004,"date":"2026-06-18T04:45:06","date_gmt":"2026-06-18T04:45:06","guid":{"rendered":"https:\/\/ncsgx.com\/au\/?p=996004"},"modified":"2026-06-18T05:06:50","modified_gmt":"2026-06-18T05:06:50","slug":"tranche-2-aml-ctf-reforms-for-accounting-firms","status":"publish","type":"post","link":"https:\/\/ncsgx.com\/au\/blog\/tranche-2-aml-ctf-reforms-for-accounting-firms\/","title":{"rendered":"Tranche 2 AML\/CTF Reforms for Accounting Firms\u00a0"},"content":{"rendered":"\t\t
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The AML\/CTF reforms for accountants have moved from “something coming down the track” to a hard deadline. From\u00a0<\/span>1 July 2026<\/span><\/b>, Australian accounting firms are formally brought into the anti-money laundering and counter-terrorism financing regime that, until now, has applied\u00a0mainly to\u00a0banks,\u00a0casinos\u00a0and remittance providers. If your firm does more than lodge tax\u00a0returns,\u00a0and most do,\u00a0the Tranche 2 AML\/CTF reforms will change how you onboard clients, what records you keep, and what you report to AUSTRAC.<\/span>\u00a0<\/span><\/p>

At\u00a0<\/span>NCSGX<\/span><\/a>, we’re already helping Australian firms get ready, so this guide cuts to the practical detail: who the reforms capture, the dates that matter, the obligations you’ll carry, and how to start preparing before the deadline lands.<\/span>\u00a0<\/span><\/p>

Are\u00a0accounting firms\u00a0covered?<\/span>\u00a0<\/span><\/h3>

Short answer: many are, but not automatically. The reforms don’t capture “accountants” as a profession. They capture firms that provide specific\u00a0<\/span>designated services<\/span><\/b>\u00a0to clients.<\/span>\u00a0<\/span><\/p>

For accounting practices, the designated services that trigger AML\/CTF obligations include:<\/span>\u00a0<\/span><\/p>