COMPULSORY: Practical guidance for firms preparing for new compliance obligations
6 AUGUSTÂ 2026Â | 1:00 - 2:00 PM AEST | Online via Zoom
00
DAYS
00
HOURS
00
MINS
00
SECS
AML/CTF reform is coming. Many firms are still unclear on what they need to do.
The Tranche 2 reforms are creating uncertainty across the profession. While many accounting firms are aware that change is coming, far fewer have clarity on the practical steps required to prepare.
Firms are asking important questions:
-
Will our services make us a reporting entity?
-
What obligations may apply to our firm?
-
What policies, procedures and risk assessments may be required?
-
How should customer due diligence work in practice?
-
How do we prepare our team and processes efficiently?
This session is designed for:
-
Accounting firm owners and partners
-
Directors and practice managers
-
Compliance and risk leaders
-
Firms assessing whether the reforms may affect their services Â
Without a practical implementation plan, firms may face confusion, delay and added pressure as the reforms take effect.
What Youâll Learn in This Masterclass
This session is designed to help accounting firms understand the likely impact of the AML/CTF Tranche 2 reforms and the practical steps required to prepare.
In this session, you will discover:
- How AML/CTF Tranche 2 may apply to accounting firms
- Which services may cause your firm to become a reporting entity
- What practical compliance may require, including due diligence, documentation and internal processes
- The common implementation challenges firms may face
- How to take a more structured and efficient approach to readiness
You will leave with:
- A clearer understanding of how the reforms may apply to your firm
- Greater confidence in your likely obligations
- Practical insight into the steps required for implementation
- A more structured path to AML/CTF readiness
Trusted by Accountants and Firms
I can highly recommend Best Practice to any accounting firm looking to introduce essential new technology to their practice!
John is a brilliant operator! For several years, Iâve witnessed firsthand the profound impact he has had on both his clientsâ businesses and the people who own them.
I can highly recommend Best Practice to any accounting firm looking to introduce essential new technology to their practice, improve work life balance, ease of ownership, profitability, sustainable growth, and to develop a clear, successful exit strategy for the future.
Brendan
Highly Recommended for Accounting & Bookkeeping Firms Seeking Scalable Growth and Strategic Clarity!
If you're an accounting or bookkeeping firm looking to elevate your practice, I highly recommend the training program offered by Best Practice Group. What sets this program apart is its dual focus on both the individual and the business as a whole, ensuring personal growth while systemising every aspect of operations.
Their approach is comprehensive and strategic. From systemising processes and procedures to productising services across the entire business cycle, Best Practice Group helps firms build efficient, scalable models.
The BookSitters Australia
I would thoroughly recommend accounting firm principals to John Peterson and the Best Practice Team to help take their business to a new level of productivity and performance.
The Best Practice program has delivered a transformational pathway for CHN Partners as a firm, as well as individually for each of our staff members.
My own personal journey towards greater self-belief and understanding of key success factors for an accounting business is already returning multiple positives, uplifting the whole team and paying dividends.
Andrew M.
Register Now â Seats Are Limited
Register now to secure your place. This briefing is practical, partner-focused, and designed to give you immediate clarity on what AUSTRAC expects and what a complete, audit-ready compliance training and implementation system looks like.
Duration:Â 1 hour
Where:Â Live via Zoom
Learn From Professionals Who Understand Compliance and Accounting Firms
About Your Host
John Peterson, Founder & Managing Director, Best Practice Group
Six accounting firms that started as sole practitioners are now AFR Top 100 firms. John Peterson coached them from day one. Since 2001, John has worked inside 2,000+ accounting practices across Australia and New Zealand as a coach, M&A advisor, and firm owner.
He's navigated over 150 buy-sell-merger transactions and owns equity in an accounting firm brand scaling to $13M AUD across 5 cities. John is a leading voice in AI implementation for accounting firms, teaching what he's actually implemented.
RobertâŻCooreyâŻis a business leader and marketing expert with a proven history of scaling businesses. As theâŻowner of Proactive Business Services, he combines entrepreneurial drive with financial expertise to support Australian businesses. Rob is an associate member of CPA Australia.
Expertise:âŻHeâŻspecialisesâŻin business advisory, financial management, tax planning, and technology integration. His background in marketing, technology, and sales enables him to deliver innovative, practical solutions for high-growth companies.â
Experience & Education:âŻRobert holds a Bachelor of Computer Science (scholarship recipient) and an MBA. He co-foundedâŻArchistar, a multi-million-dollar software company,âŻand founded Nagaris,âŻanâŻAccounting CRM platform. Additionally, he authoredâŻFeed a Starving CrowdâŻandâŻThe Subscription Playbook.âŻHis entrepreneurial experience complements his CPA membership and dedication to accounting excellence.
Alf Magnano is a Director at CP Partners and a trusted adviser to public accounting firms and business leaders navigating increased regulatory and operational complexity. With extensive experience across professional services and small-to-medium enterprises, Alf is known for translating complex obligations into clear priorities, practical workflows, and evidence-ready implementation.
In the context of AML/CTF Tranche 2 (Stage 2), Alf brings a partner-level lens to what matters most: scope clarity (designated services), KYC/CDD discipline, beneficial ownership (UBO) in trust and layered structures, monitoring triggers, escalation pathways, tipping off risk controls, and the training evidence AUSTRAC expects to see. His approach is grounded and outcome-focused, helping firms build a compliance operating system that is workable in day-to-day practice, defensible under scrutiny, and supported by clear accountability.
DISCLAIMER
This session provides general information only and does not constitute legal advice. Firms should obtain independent legal advice regarding their specific obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and associated Rules.