Important Update: New Anti-Money Laundering (AML/CTF) Requirements

At DALEY, we are committed to meeting our professional and regulatory obligations while continuing to provide you with exceptional service.

From 1 July 2026, changes to Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation will apply to accounting firms, along with other designated professions such as lawyers, conveyancers and real estate agents.

These reforms are designed to strengthen Australia’s ability to identify, prevent and disrupt money laundering, terrorism financing and other serious financial crimes.

As a result of these new requirements when we provide ‘designated services’ to you, we may ask you to provide identification documents or additional information when you engage our services or during the course of our ongoing relationship. Where we are acting for a company, trust or other entity, we may also need to verify the identity of directors, trustees, beneficial owners or other individuals associated with the entity to satisfy our legal obligations.

We understand that providing this information may occasionally be inconvenient. Please be assured that we will only request information that is necessary to comply with the legislation, and all personal information will be collected, stored and handled in accordance with our privacy obligations. We take the security and privacy of data seriously. DALEY has partnered with an experienced AML/CTF platform provider to ensure your data verification documents are secure, with automatic data retention management.

We appreciate your cooperation and understanding as we implement these important regulatory changes. Our team will make the verification process as straightforward and efficient as possible while ensuring we meet our obligations under the new AML/CTF framework.

For more information about these legislative changes, please visit the Australian Government’s AUSTRAC website.