TCC 107 - Preparing for the new AML Rules
From The Chasers Channel - Empowering Small Business Owners to Achieve the Dreams They Are Chasing! by Chris Beks
March 21, 2026 · 8 min · Season 1 · Episode 107
About this episode
This episode discusses the upcoming AML and CTF rules in Australia and their impact on various professional service providers.
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".
People in this episode
Host: Chris Beks
Topics covered
- regulatory changes
- Anti-Money Laundering
- business compliance
- financial regulations
- gatekeeping
- professional services
Keywords
- AML
- CTF
- AUSTRAC
- regulations
- compliance
- business owners
- financial advisor
- gatekeepers
- dirty money
- property prices
Mentioned in this episode
Organizations: AUSTRAC, Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF)
Places: Australia
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- TCC 106 - Simplifying Super for Small Business – What You Need to Know About the ATO’s Clearing House · February 14, 2026 · 7 min
- TCC 105 - Trusts Are Back in the ATO Spotlight – What Trustees Need to Know Now · January 31, 2026 · 9 min
- TCC 104 - Planning for Success in 2026 with Rocks, Pebbles & Sand · January 17, 2026 · 7 min
- TCC 103 - Why SLEEP Could Be Your Superpower to Business Ffficiency and Success · January 10, 2026 · 24 min
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