What do counter-terrorism financing rules have to do with family law and estate planning?
Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) are changing.
From July 1, 2026, law firms have been brought into the AML/CTF regulatory regime.
For some legal services, this has meant a more structured identity verification process, and further due diligence, even in matters that are deeply personal to our clients.
Family law has not always needed the same level of formal identification procedures that may come with, for example, conveyancing.
However, these changes now apply everywhere, and it’s not because a client has done anything wrong. These legal changes are being introduced to reduce the risk of illicit funds being moved through legitimate channels.
For our clients, this means you can expect early requests for photo ID, clearer requirements for documents, and follow-up questions about the source of funds being transferred in property settlement matters. In some cases, we may also need information about other parties relevant to you, including Trustees, beneficiaries or other people with decision-making authority.
The team at Michael Lynch Family Lawyers realise these extra requirements come at a time when you may already be dealing with the stress of separation, parenting arrangements, or planning for the future after the loss of a loved one. Our solicitors and staff will aim to make the process as easy and as smooth as possible.
If you need help with any aspect of family law, please don’t hesitate to get in touch with our team of family law experts. Contact our office today on: (07) 3221 4300 or email: [email protected]
