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Wire · regulatory

Inside Australia's Historic AML Reform with AUSTRAC's Brad Brown

26 August 2026 · By · Wire by Fusion42

Published

26 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

Australia

◆ Source

Read at trmlabs.com →

◆ Verified

Fusion42 · 27 August 2026 · Fusion42 review

Australia implemented its largest anti-money laundering reform in two decades, expanding AUSTRAC regulation from 19,000 to over 50,000 businesses, including lawyers, accountants, and real estate agents, and reclassified digital currency exchanges as virtual asset service providers to align with FATF standards, impacting crypto custody, wallets, and transfers.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

AUSTRAC's expansion of regulated entities to include many professional services and digital asset activities opens new compliance demands on those sectors, pushing compliance founders to pivot quickly or secure early partnerships with firms adapting to the new regime.

◆ Coverage

1 source · 26 Aug 2026

◆ Related on Wire

◆ Topics

Fintechamlcryptocurrencyregulatory-expansionvirtual-asset-service-provideraustralia