AML/CFT SECTOR-SPECIFIC COMPLIANCE
Accountants
https://player.vimeo.com/video/1153690302?h=7b78e3db1e
You build the structures. They exploit them.
Accountants are trusted advisors. Clients come to you to set up companies, establish trusts, manage their financial affairs. That trust is precisely what money launderers seek to exploit.
From July 2026, accountants providing certain services become reporting entities under AUSTRAC. Company formation, trust establishment, managing client funds—these are now designated services with real compliance obligations.
This training prepares your practice for the new regime. You'll understand which services trigger obligations, how to verify the clients behind complex structures, and what to do when something doesn't add up.
Equip your practice to identify money laundering risks in entity formation and financial management—and meet your obligations under Australia's AML/CTF framework without disrupting client service.
Build internal systems for customer due diligence, beneficial ownership verification, and suspicious matter identification that integrate with your existing workflows.
Approximately 35 minutes of online training across three modules. Complete at your own pace. Certificate issued on completion. Access to compliance toolkit included.
A practice that understands its obligations, can verify clients confidently, and maintains the documentation required for AUSTRAC compliance and inspection readiness.
Shell companies, layered trusts, nominee arrangements—these are legitimate structures. But they're also the tools of choice for organised crime.
Our Approach
Understanding the Framework
Not all accounting services are captured—but some you provide regularly are. This module clarifies which services trigger AML/CTF obligations, why accountants are now considered gatekeepers, and what AUSTRAC expects from your practice.
- Which accounting services are designated services
- Why accountants are high-risk gatekeepers
- Your obligations as a reporting entity
- Penalties for non-compliance: corporate and personal
Know Your Customer
When a client asks you to form a company or establish a trust, you need to know who you're actually dealing with. This module covers identity verification for individuals, companies, and complex structures—including how to trace beneficial ownership.
- Verifying individual clients: documents and methods
- Verifying companies: ASIC searches and director identification
- Verifying trusts: deed review and beneficiary identification
- Beneficial ownership: the 25% threshold and tracing through layers
Red Flags & Reporting
Criminals don't announce themselves. They present as legitimate clients with plausible stories. This module teaches you to recognise the patterns that should trigger concern—and exactly what to do when you suspect a client may be laundering money.
- Client red flags: secrecy, urgency, complexity without purpose
- Structure red flags: nominees, shelf companies, offshore layering
- Suspicious matter reports: your obligation to report
- Tipping off prohibition: what you must never disclose
AML/CTF Compliance for Accountants
48.88
3316665
price_1SnJxI1wHE4n7au3mBbv2K7c
https://hook.eu1.make.com/idintefnlxz3x7y2vqhgbpv52jyftw4o
License valid for 12 months from date of purchase. Training is your evidence of due diligence.
Meet your new 2026 obligations in 30 minutes.
austrac compliance for aml/cft tranche 2 professionals
Protect your license.
Cover your business.
