AUSTRAC Launches Enhanced VASP Regime with New AML/CTF Standards
Summary
On October 16, 2025, AUSTRAC released detailed Virtual Asset Service Provider (VASP) guidance following passage of the AML/CTF Amendment Act 2024. The enhanced regime begins March 31, 2026, expanding the range of regulated entities and strengthening requirements for risk assessment, Travel Rule implementation, internal procedures, and suspicious transaction reporting for all VASPs operating in Australia.
Key Changes
- Expanded range of entities subject to AML/CTF regulation
- Travel Rule implementation required for all VASPs
- Strengthened risk assessment and internal procedure requirements
- New reporting obligations for suspicious transactions
Affected Industries
Source
Key Dates
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