---
title: "Anti-Money Laundering 101: What Accounting Professionals Need to Know"
description: Learn about the AML/CTF Amendment Act 2024 and prepare your accounting firm for new compliance obligations to mitigate financial crime risks effectively.
image: https://info.arctic-intelligence.com/hubfs/RAP%20%20Anti-Money%20Laundering%20101%20What%20Do%20Australian%20Accounting%20Professionals%20Need%20to%20Know%20About%20the%20AMLCTF%20Amendment%20Act%202024%20and%20How%20Can%20They%20Start%20to%20Prepare%20to%20Comply-1.png
---

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# Anti-Money Laundering 101: What Do Australian Accounting Professionals 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 Accounting Professionals 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%20Accounting%20Professionals%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%20Accounting%20Professionals%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 Accounting Professionals Need to Know About the AMLCTF Amendment Act 2024 and How Can They Start to Prepare to Comply")

The AML/CTF Amendment Act 2024 has expanded financial crime compliance requirements to accounting professionals, recognising the sector as high-risk for money laundering. With mandatory compliance beginning on 1 July 2026, now is the time for accounting firms to understand their new obligations and prepare to comply.

What’s Inside?

- **Key changes introduced by the AML/CTF Amendment Act 2024** – How it impacts accounting professionals.
- **New compliance obligations** – Customer due diligence, reporting requirements, and record-keeping standards.
- **Practical steps for preparation** – Developing an AML/CTF program, risk assessments, and staff training.
- **Best practices for ongoing compliance** – Strengthening monitoring processes and internal AML controls.

Why This Matters

The new AML/CTF obligations for accounting firms are non-negotiable, and failure to comply can result in severe penalties, reputational damage, and regulatory scrutiny. This white paper provides a clear roadmap for accountants to stay ahead of compliance requirements and mitigate financial crime risks.

## Download the White Paper

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