Harwood Andrews’ approach to AML & CTF

Written By Harwood Andrews

From 1 July 2026, new federal anti-money laundering and counter-terrorism financing (AML/CTF) laws will require firms like ours to complete extra checks before we can provide certain services.

These changes are designed to help prevent criminal funds from entering the financial system.

What is AML/CTF and why are we required to comply?

Australia’s AML/CTF laws are expanding to cover additional professional services from 1 July 2026.

In practice, this means we’ll need to:

  • Verify client identity

  • Understand the purpose of the matter or transaction

  • Assess and document risk

  • Keep clear records of decisions

We may need to request identity documents or additional information to commence (or renew) an engagement with our clients. If you act for a company, trust, or other structure, we may also request documents showing who ultimately owns or controls that entity.

We are preparing now to make the process as smooth and secure as possible.

Read more about our approach to AML/CTF
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