---
title: "AML 101: Compliance for Australian Trust & Company Service Providers"
description: Prepare for the AML/CTF Amendment Act 2024. Understand new compliance obligations for trust and company service providers to mitigate financial crime risks
image: https://info.arctic-intelligence.com/hubfs/RAP%20%20Anti-Money%20Laundering%20101%20What%20Do%20Australian%20Trust%20and%20Company%20Service%20Providers%20Need%20to%20Know%20About%20the%20AMLCTF%20Amendment%20Act%202024%20and%20How%20Can%20They%20Start%20to%20Prepare%20to%20Comply.png
---

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# **Anti-Money Laundering 101: What Do Australian Trust and Company Service Providers Need to Know About the AML/CTF Amendment Act 2024 and How Can They Start to Prepare to Comply**

## Are You Ready for Australia’s New AML/CTF Obligations?

![RAP  Anti-Money Laundering 101 What Do Australian Trust and Company Service Providers Need to Know About the AMLCTF Amendment Act 2024 and How Can They Start to Prepare to Comply](https://info.arctic-intelligence.com/hs-fs/hubfs/RAP%20%20Anti-Money%20Laundering%20101%20What%20Do%20Australian%20Trust%20and%20Company%20Service%20Providers%20Need%20to%20Know%20About%20the%20AMLCTF%20Amendment%20Act%202024%20and%20How%20Can%20They%20Start%20to%20Prepare%20to%20Comply.jpg?width=1200&height=627&name=RAP%20%20Anti-Money%20Laundering%20101%20What%20Do%20Australian%20Trust%20and%20Company%20Service%20Providers%20Need%20to%20Know%20About%20the%20AMLCTF%20Amendment%20Act%202024%20and%20How%20Can%20They%20Start%20to%20Prepare%20to%20Comply.jpg "RAP  Anti-Money Laundering 101 What Do Australian Trust and Company Service Providers Need to Know About the AMLCTF Amendment Act 2024 and How Can They Start to Prepare to Comply")

The AML/CTF Amendment Act 2024 expands Australia’s anti-money laundering framework to include trust and company service providers (TCSPs), recognising them as high-risk for financial crime. With mandatory compliance commencing on 1 July 2026, TCSPs must act now to understand their obligations, establish compliance frameworks, and mitigate financial crime risks.

What’s Inside?

- **Key legislative changes** – What the AML/CTF Amendment Act 2024 means for TCSPs.
- **New compliance obligations** – Customer due diligence, reporting requirements, and record-keeping.
- **Practical steps for compliance** – AML program development, risk assessments, and staff training.
- **How to safeguard your business** – Strengthening internal controls, transaction monitoring, and industry engagement.

**Why This Matters**

As TCSPs become a regulated sector under Australia’s AML/CTF laws, non-compliance can result in severe financial penalties, regulatory scrutiny, and reputational damage. This white paper provides a clear roadmap for TCSPs to implement risk-based compliance strategies and protect against financial crime risks.

## Download the White Paper

## Companies we've helped

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