Newly captured from 1 July 2026
Law firms
Law firms are captured for designated services including trust account and conveyancing work, financing transactions, and nominee or registered-office arrangements. The regime regulates services, not professions. The trigger is what you do for a client.
What brings you into scope
Common designated-service triggers
Holding or managing client property
Receiving, holding, controlling or managing property when assisting a client to plan or execute a transaction.
Financing transactions
Assisting with equity or debt financing transactions.
Conveyancing & trust accounts
Conveyancing and trust account work on behalf of clients.
Acting as officer or nominee
Acting as director, secretary, trustee, partner or nominee shareholder, or providing a registered office address.
Your obligations
What you must put in place
These map directly to our service modules. We can build the program, run it for you, or evaluate one built elsewhere.
See our services- Enrol on the AUSTRAC Reporting Entity Roll
- Appoint an AML/CTF compliance officer
- Complete a business-wide ML/TF/PF risk assessment
- Maintain a written, approved AML/CTF program
- Perform customer due diligence before designated services
- Report suspicious matters and threshold transactions
- Keep records for seven years
Note. We provide general AML/CTF program services. We do not provide legal advice or opinions on specific transactions. Those remain with qualified counsel.
Other segments: Accountants · Real estate · Remitters
Not sure where you stand?
Talk to us directly: 1300 557 173, or hello@kestrelassurance.com.au.