The Chasers Channel - Empowering Small Business Owners to Achieve the Dreams They Are Chasing!
The Chasers Channel - Empowering Small Business Owners to Achieve the Dreams They Are Chasing!
Chris Beks
TCC 107 - Preparing for the new AML Rules
7 minutes Posted Mar 21, 2026 at 11:00 pm.
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This episode of The Chasers Channel, hosted by financial advisor Chris Beks, explores the significant regulatory shift occurring in Australia on July 1, 2026. The podcast details how new Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) rules will transform accountants, lawyers, and real estate agents into "gatekeepers" for AUSTRAC.

The new rules apply to specific activities, including setting up companies or trusts, managing business cash/securities, real estate transactions, and managing SMSFs.

Professional service providers face fines of up to $33 million for non-compliance, meaning clients will face "microscope-level" scrutiny rather than the traditional "red carpet" treatment.

These measures aim to prevent $200 billion in "dirty money" from destabilising Australian markets and inflating property prices.

Business owners must now provide verified IDs, document the commercial purpose of transactions, and prove the source of their "seed money".