We are committed to addressing threats to national security, including the illicit movement of money and money laundering. On 16 October 2025, the Minister for Home Affairs, the Hon Tony Burke MP, announced that legislation to amend the AML/CTF Act will be developed.
The reforms will give the Australian Transaction Reports and Analysis Centre (AUSTRAC) Chief Executive Officer (CEO) powers to restrict or prohibit high-risk products, services or delivery channels. There will also be an amendment to the definition ‘financing of terrorism’. The Government plans to introduce the reforms in Parliament in 2026.
The department is conducting public consultation relating to the proposed reforms to the AML/CTF Act.
The consultation paper contains questions targeted at industry. You can read the Consultation Paper on the 2026 Reforms to the AML/CTF Act.
If you have an interest in the reforms, you can make a submission in the portal below.
Submissions will close on be
Wednesday, 21 January 2026 at 5 PM AEDT
