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Ph: (03) 9794 8180
services@mjcpartners.com.au

MJC Client Form

AML Changes from 1 July 2026: What Our Clients Need to Know

Promotional banner for MJC Accounting Solutions about upcoming Anti-Money Laundering (AML) changes. The design features the MJC logo in blue and green on the left, alongside the headline “Regulatory Update: AML Changes from 1 July 2026 – What Our Clients Need to Know.” On the right is a modern office workspace with a laptop displaying an AML compliance security icon, a notebook, and compliance documents with a magnifying glass. The overall design uses MJC’s blue and green brand colours and conveys professionalism, compliance, security and regulatory change.

From 1 July 2026, the Australian Government’s new Anti-Money Laundering (AML) requirements take effect. These reforms introduce enhanced obligations around client identification, verification and ongoing compliance, and they apply to accounting firms across Australia, including MJC Partners.

We want to be upfront about what this means, why it is happening, and what you can expect from us as a result.

 

What are the AML changes?

The Australian Government is strengthening the AML framework to align with international compliance standards and protect the integrity of the financial system. Specifically, the reforms expand the obligations that professional service firms (including accountants) must meet when they identify, verify and monitor their clients.

Importantly, these are government-mandated requirements. MJC Partners has not introduced them independently, and every firm in our sector faces the same obligations. In other words, this is an industry-wide shift, not something specific to us.

 

How does this affect you as a client?

The new requirements apply to both new and existing clients. As a result, even long-standing clients of MJC Partners may receive requests for updated information or additional documentation. This is a normal part of how we meet our obligations under the new framework.

Client verification

We will carry out more detailed identification and due diligence processes when we onboard new clients or review existing relationships.

Updated documentation

We may ask you to provide current identification or updated business information, even if you have been a client for many years.

Ongoing reviews

We need to keep client information current, which means we may contact you periodically to confirm or update your details.

More communication

You will likely hear from us more frequently as we work through these requirements. This is entirely normal and part of the new process.

Please note: All requests for information we send as part of this process are legitimate compliance requirements. However, if you are ever unsure whether a request is genuine, please contact our office directly before you respond.

What do you need to do?

In most cases, nothing immediately. We will contact you directly when we need something. However, when we do reach out, please respond promptly as delays in providing documentation can hold up your work and create compliance issues for both parties.

We recognise that additional requests for information can feel like added administration. Nevertheless, we will always aim to make the process as clear and straightforward as possible, and our team is happy to answer any questions along the way.

 

We’re here to help

If you have questions about how these changes affect you or your business, please get in touch. Our team understands the detail of what the new requirements involve and can guide you through the process confidently.

Have questions about the AML changes or what they mean for you?

Get in touch with our team.

Contact MJC Partners