Anti-Money Laundering (AML/CTF) Compliance and Client Identification Requirements

Our Obligations

From 1 July 2026, Australian laws are changing. Australia has introduced new Anti‑Money Laundering & Counter‑Terrorism Financing (AML/CTF) reforms to strengthen protections against financial crime and expand AML/CTF obligations to certain services provided by accountants and other professional advisers.

Our Commitment

At Hotchkin Hughes, we are committed to helping prevent money laundering, terrorism financing, fraud, and other financial crimes. As part of our professional and regulatory obligations, we may be required to identify and verify our clients and obtain information about the nature and purpose of our engagement. 

Why We Request Identification 

Australian AML/CTF laws may require accounting firms providing designated services to verify client identity, understand engagements, assess risks, maintain due diligence records, and report suspicious activities where required. 

Information We May Request 

Individuals: Driver licence, Passport, Proof of address, Date of birth. 
Companies: ASIC company extract, Director details, Shareholder information, Ultimate beneficial owner details. 
Trusts: Trust deed, Trustee information, Beneficiary details, Settlor information. 
Source of Funds or Wealth: Source of funds, Source of wealth, Business activities, Purpose of transactions. 

How We Protect Your Information

Information collected for AML/CTF purposes is handled in accordance with our Privacy Policy and Australian privacy laws. 

If Information Is Not Provided 

We may be unable to commence or continue services until required identification and verification information has been received.