E137: What happens when 90,000 businesses become AML regulated?

The Laundry

It’s time to turn our world upside down and turn our attention to what's happening in Australia!

The Australian government passed new AML and CFT rules that will drastically increase the number of businesses regulated by AUSTRAC—the country’s financial intelligence agency.

Lawyers, accountants, and real estate agents, as well as those in precious metals and virtual assets, are now all obliged to report and comply with these new rules.

So will this drastically impact the flow of dark money in the Aussie economy – or just create a paperwork headache?

Our expert host, Marit Rødevand, is joined by Adam Vilaça, Director & Special Counsel at Ryva AI, to ask: What happens when 90,000 businesses become AML regulated?

The pair discuss: how the new rules will impact businesses, the biggest challenges in implementing them, and the impact on the flow of dirty money in Australia.

Producer: Matthew Dunne-Miles

Editor: Dominic Delargy

Engineer: Nicholas Thon

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The Laundry podcast explores the complex world of financial crime, anti-money laundering (AML), compliance, sanctions, and global financial regulation.

Hosted by Marit Rødevand, Fredrik Riiser, and Robin Lycka, each episode features in-depth conversations with leading experts from banking, fintech, regulatory bodies, and investigative journalism.

Tune in as we dissect headline news, unpack regulatory trends, and examine the real-world consequences of non-compliance — all through a uniquely compliance-focused lens.

The Laundry is proudly produced by Strise.

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