Who may be regulated

Is your sector in scope?

Under the new Tranche 2 reforms, the AML/CTF rules are expanding significantly. You may now fall under these regulations if you operate in the following professions:

• Real Estate Professionals: Agents acting for buyers or sellers.
• Professional Services: Lawyers, accountants, and conveyancers.
• Trust & Company Service Providers: Professionals who set up or manage business structures for clients.
• Precious Metals & Stones: Dealers engaging in high-value transactions.

It's about what you do, not just who you are

Regulation is not simply based on your job title—it is determined by the specific services you provide. If you handle client funds, facilitate property transactions, or manage complex financial activities, you will likely need to enrol with AUSTRAC. You must look at your day-to-day operations and see if they match the legal definition of a "designated service."