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Accountants

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AML Compliance for Accountants

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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Accounting AML Compliance

Covered Services

Obligations apply when providing these services:

  • 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 compliance requirements for your practice:

  • 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 to get started on your accounting compliance program.

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