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Join date: Mar 25, 2026
Posts (4)
Jun 17, 2026 ∙ 6 min
AUSTRAC's Item 54 Update: What Financial Advisers with Discretionary Authority Need to Know
On 12 June 2026, AUSTRAC updated its guidance on exemptions from AML/CTF obligations for businesses providing only item 54 designated services. For most financial advisers, this guidance appears routine. For advisers who exercise discretionary investment authority over client portfolios, including MDA operators, it is anything but.
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Jun 3, 2026 ∙ 1 min
Tranche 2 is Coming: Are You Ready?
From 1 July 2026, Australia's anti-money laundering and counter-terrorism financing (AML/CTF) regime will expand significantly, bringing a range of professional services and businesses into scope.
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Apr 15, 2026 ∙ 3 min
OAIC Clarifies ID Document Retention: Destroy or De-Identify as Soon as Practicable
New OAIC guidance on ID document retention has implications for AML/CTF compliance. Advisers need to reassess when and why client ID documents are retained.
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