AML Compliance for Accountants

Industry solutions

From 1 July 2026, accountants will be subject to AML/CTF obligations when providing certain services. As trusted advisers with insight into business structures and financial flows, accountants are key gatekeepers against financial crime.

AML Shield provides practical solutions designed specifically for accounting practices, helping you integrate compliance into your existing workflows.

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Covered Services

When obligations apply

Tax advice related to business structures
Company formation and administration
Trust formation and administration
Management of client assets
Acting as a registered office or agent
Providing nominee directors or shareholders

Your Obligations

Key requirements

Develop an AML/CTF program
Perform customer due diligence
Identify beneficial owners
Monitor for suspicious activity
Report suspicious matters to AUSTRAC
Maintain records for 7 years

Ready to prepare your accounting practice?

Contact us for an online consultation on your Tranche 2 compliance needs.

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