In the first episode of Small Firm, Big Impact Express, Jill Muir, Senior Policy Advocate, Business Reform at Chartered Accountants ANZ, breaks down what the Tranche 2 AML/CTF reforms mean for accounting practices ahead of the 1 July 2026 start date.

In just five minutes, this episode covers what’s changing under Australia’s AML/CTF regime, which accounting services may bring firms into scope, why the reforms matter for small practices, and the practical steps firms can start taking now.

If you want a clear snapshot of what’s changed, why it matters, and what to do next, this episode gives you the essentials without the overwhelm.

Resources mentioned in this episode:

• Australia’s AML/CTF reforms: questions and answers
• AML/CTF program project plan (AU) for professional accountants
• AUSTRAC Accounting Program Starter Kit
• The role of an AML/CTF Compliance Officer in Australia
• AML/CTF project plan (AU) for Professional Accountants
• Are you captured by Australia’s AML/CTF reforms? (recording of webinar with AUSTRAC)
• Visit the Smaller Practices Centre for more information
• Read the Acuity article here
• Complete the AML course

View the transcript within the platform.