Insight

Choosing the right AML/CTF service provider in a changing landscape

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QUICK SUMMARY
  • The rules are changing from 31 March 2026 and 1 July 2026 respectively for 17,000 existing Anti-Money Laundering/Counter Terrorism Financing reporting entities and the 70,000 Tranche 2 businesses in Australia.
  • Failing to comply with anti-money laundering and counter-terrorism financing laws can lead to serious legal, financial, and reputational consequences.
  • Grant Thornton’s team of AML/CTF specialists leverage our propriety AML/CTF tools, accelerators and leading frameworks, to work closely with you to create a bespoke program to achieve the right risk management outcomes.
For the 17,000 existing Anti-Money Laundering/Counter Terrorism Financing reporting entities in Australia, and the 70,000 Tranche 2 businesses who are new to the AML/CTF Regime, the rules are changing from 31 March 2026 and 1 July 2026 respectively.

Boards and management teams have an important role to play and are accountable for ensuring their organisation complies with anti-money laundering and counter-terrorism financing laws. Failing to act can lead to serious legal, financial, and reputational consequences but by staying informed and seeking expert advice, Boards and management teams can make better decisions, protect stakeholders, and support a culture of compliance and integrity within their organisation.  

Why partner with Grant Thornton for AML/CTF services? 

Grant Thornton is a leading specialist in AML/CTF risk management and can assist businesses by providing tailored AML/CTF risk management and compliance services, including expert advisory and support services, AML/CTF Program development (ML/TF risk assessment and AML/CTF policies and procedures), and support on regulatory engagement and remediation.  

Our team of AML/CTF specialists leverage our propriety AML/CTF tools, accelerators and leading frameworks, to work closely with you to create a bespoke program to achieve the right risk management outcomes -pragmatically, efficiently and effectively. This is proven by our unique track record of high profile, complex engagements focused on AML/CTF risk management and compliance across all industry sectors, spanning both existing and new entrants to the AML/CTF regime.  

Leading the national Financial Crime team at Grant Thornton is Neil Jeans, Partner – Risk Consulting who has a unique background in financial crime risk management spanning almost 30 years, including working at senior levels managing AML/CTF, Sanctions and Anti-Bribery compliance across Australia and worldwide. Neil is supported by the highly experienced Katherine Shamai, Martin Stone, Richard Storey and Annelies Homersham. Our team has significant experience working directly with over 200 New Zealand reporting entities through their AML/CTF compliance journey since 2018. We have also worked closely with AUSTRAC recently on a number of Tranche 2 industry engagement initiatives, bringing deep insights and practical guidance. Whether you're navigating regulatory requirements for the first time, or strengthening your risk framework to maintain compliance, we're here to help you move forward with confidence.

Reach out to us today to learn more about the AML/CTF reforms and how we can help you and your business minimise costs, while also becoming compliant and making a practical plan for the future - a plan your Board and management teams can feel confident in.  

Learn more about how our Anti-Money Laundering reforms services can help you
Visit our Anti-Money Laundering reforms page
Learn more about how our Anti-Money Laundering reforms services can help you