CPA Australia has issued a statement regarding the guidance material released by AUSTRAC on the new anti-money laundering and counter-terrorism financing (AML/CTF) regulations. The accounting body has acknowledged the positive intent behind the legislation but has raised issues concerning its interpretation and the potential impact on small businesses. Set to take effect from 1 July 2026, the AML/CTF obligations will be applicable to a variety of professionals and businesses, including those in the legal ...