The new financial crime compliance laws starting 1 July and what they mean for your business

By John Nguyen · 30 April 2026 · Expert

The new financial crime compliance laws starting 1 July and what they mean for your business

Avoid costly penalties: New financial crime compliance laws loom

Don't get caught out! Failure to comply with new laws by 1 July will attract hefty daily penalties. Find out what you need to do to stay ahead of the game.

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Summary

Failure to enrol with AUSTRAC by 1 July attracts daily penalties of $18,780 for companies. Ex-CBA banker and AML expert John Nguyen breaks down exactly what to do and when.

Tags: AML