Edition 107 - A new chapter for the profession begins today

The obligations that came into effect today sits at the heart of a genuine professional dilemma. Lawyers, conveyancers, accountants and real estate agents have long understood their role as one of advocate and adviser, someone whose duty runs squarely to the client. The AML/CTF regime asks something different: that practitioners watch, assess and, where the threshold is met, report. That is not a trivial shift. It is a recalibration of the professional relationship that the sector will be working through for years. This edition examines what that recalibration looks like in practice, where the government’s $654 million Digital ID investment signals identity verification is heading, and what the profession’s most authoritative voices are saying about building compliance into practice, not just onto it.