17/06/2026
A heads-up for our clients.
From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing rules will apply to certain accounting services in Australia.
This means we’ll need to update parts of our client verification process over the coming months.
For some clients, this may include confirming identity, business details, ownership structures or authorised contacts. This applies to some existing clients too, not only new clients.
It’s similar to the identity checks banks already carry out. It does not mean anything is wrong, it’s part of the new compliance requirements for our industry.
And yes, we know, it’s another admin task. To be honest, it’s a bit of an admin nightmare for us too 😉
Please keep an eye out for communication from our team and respond as soon as you’re able. This will help us keep your records up to date and avoid delays with future work.
If you receive a request from us and you’re unsure what to do, please get in touch. We’ll help you through it.
📞 08 9474 4505
🌐 https://simplesolutionsaccounting.com.au/