Up To Speed Compliance Partners is here to make life easier for your Australian small business, even when regulations get tougher. We consult and create compliance solutions in the areas of Anti-Money Laundering (AML) and Privacy.
Arrange a free introductory meeting today at the Contact page. Based in Melbourne but supporting Australia-wide, we can visit you locally, or discuss over Zoom.
Remember, nothing in this website is legal or professional advice for anyone's business. This website is for general informational purposes only, and you should reach out to us or another qualified expert before taking any actions. We do not give legal advice.
Ashley Belyuga
Director — Up To Speed Compliance Partners
Compliance Expert with a Business Mindset
⚬ Experience
Experienced as a Commercial Lawyer & Assistant Company Secretary.
Previously at AUSTRAC, Australia’s AML-CTF regulator, Enforcement team.
Previously at AusIndustry, R&D Tax Incentive Program, Enforcement team.
⚬ Qualifications
Certified Anti-Money Laundering Specialist (CAMS) - Association of Certified Anti-Money Laundering Specialists (ACAMS)
Certificates in Governance Practice & Company Secretary Essentials - Governance Institute of Australia
From 1 July 2026, businesses in certain industries will have significantly expanded obligations as part of the major "Tranche 2" reforms to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML-CTF Act). Whether your business is covered depends on whether you provide services classed as "designated services", which are summarised below (exceptions apply, see AML-CTF Act for further details).
Lawyers who provide services in property, commercial or trust law, and Conveyancers, are likely to be captured by the new AML-CTF laws in 2026. Does your Law Firm or Conveyancing Firm provide one or more of the following services (summarised)?
• facilitating real estate or business sale transactions;
• managing client money, assets, or accounts on trust, pursuant to a transaction;
• creating body corporates (companies) or legal arrangements (trusts); and/or
• acting as, or arranging for someone to act as, a trustee of a trust, or a power of attorney to a body corporate (company) or trust.
Most Real Estate Agents and many Property Developers who sell directly to market will be regulated under AML-CTF laws in 2026. Does your real estate business provide one or more of the following services (summarised)?
• brokering the sale, purchase or transfer of real estate, either on behalf of the buyer or the seller;
• selling or transferring real estate as a business activity without the use of an independent real estate agent (such as a property developer selling off-the-plan).
Accountants often provide services that will be regulated under the AML/CTF laws in 2026. Does your Accountancy provide one or more of the following services (summarised)?
• receiving, holding, controlling and/or disbursing client money, accounts or assets in support of a transaction;
• assisting a person to plan or execute the creation or restructuring of a body corporate (company) or legal arrangement (trust);
• selling or transferring shelf companies;
• facilitating or acting in a transaction for equity or debt financing relating to a business.
Company Services Providers often provide services that will be regulated under AML/CTF laws in 2026. Does your Company Services Provider provide one or more of the following services (summarised)?
• assisting a person to plan or execute the creation or restructuring of a body corporate (company) or legal arrangement (trust);
• selling or transferring shelf companies;
• acting as, or arranging for another person to act as, any of the following, on behalf of a person (the nominator)
− a director or secretary of a company;
− a power of attorney of a body corporate (company) or legal arrangement (trust);
− a partner in a partnership;
− a trustee of an express trust;
− a position in a legal arrangement which is functionally equivalent to the above paragraphs.
• acting as, or arranging for another person to act as, a nominee shareholder of a body corporate (company) or legal arrangement (trust), on behalf of a person (the nominator);
• providing a registered office address or principal place of business address of a body corporate (company) or legal arrangement (trust).
Most Business Brokers will be regulated under AML-CTF laws in 2026. Does your Business Broker business provide one or more of the following services (summarised)?
• brokering the sale, purchase or transfer of a body corporate (company), either on behalf of the buyer or the seller;
• facilitating or acting in a transaction for equity or debt financing relating to a business.
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