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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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When anti-money laundering (AML) comes to mind, most accountants assume it only applies to large transactions – but that's now changing.
This episode explains new AML obligations for accountants. Specifically, how the reforms to AML and counter terrorism financing (CTF) in 2026 will affect many accounting practices.
You'll gain a clear understanding of what the changes will mean, including which services fall under the new designated services rules, how the regulator AUSTRAC (Australian Transaction Reports and Analysis Centre) will assess compliance and what firms can do now to prepare.
Key learnings include:
An explanation of the regulator AUSTRAC's role and tranche two reforms to the AML/CTF regime
The timeline for implementation of these new reforms
How to identify whether your services qualify as "designated" services
How to conduct risk assessments
Why client onboarding and beneficial ownership checks will become more detailed
What sole practitioners should consider in meeting new compliance obligations
Tune in now for valuable information on this key reform in 2026.
Host: Neville Birthisel, Advisor, Regulations and Standards, CPA Australia
Guest: Adrian Verdnik, Partner and Section Leader, Banking and Financial Services Practice, Hall & Wilcox. His financial services law practice covers superannuation, managed funds, insurance and financial advice.
Learn more about today's episode guest at the Hall & Wilcox website.
AUSTRAC's site has more information on what accountants need to know about AML and CTF reform.
Additionally, CPA Australia's Public Practice My Firm My Future site has further information on AML and CTF obligations for many practitioners in Australia.
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CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
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Email the podcast team at [email protected]
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