The Parliamentary Joint Committee on Intelligence and Security (the Committee) has commenced a review into the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2026 ('the Bill') .
The Bill would enable the Chief Executive Officer of the Australian Transaction Reports and Analysis Centre (AUSTRAC) to restrict or prohibit reporting entities from using high-risk mechanisms to provide designated services; amend the meaning of financing of terrorism to reference new offences for financing a state sponsor of terrorism; and make technical amendments.
The Committee invites written submissions to the inquiry by 8 May 2026. Further information about making a submission to a parliamentary committee is available here.