AML/CTF Tranche 2 Readiness

Supporting Tranche 2 entities through Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) compliance with clarity and confidence

Australia’s AML/CTF reforms are being rolled out in stages, bringing a wide range of professional service providers into the regulatory regime for the first time.

From 1 July 2026, newly regulated entities, including Accountant, Lawyer, Real Estate Agent, and other professional service providers, will become reporting entities under the AML/CTF Act, with AUSTRAC enrolment opening from 31 March 2026.

Don’t leave compliance to the last minute.

You may be captured under the new AML/CTF regime if your business:

  • Provides company or trust formation services

  • Assists with structuring or transactions

  • Manages or handles client funds

  • Offers services that facilitate financial or corporate activities

Many professional service providers will now be considered “gatekeepers” to the financial system

31 March 2026
AUSTRAC enrolment opening

1 July 2026
Full AML/CTF compliance required

Now
Start preparing your AML framework

You need to prepare:

  • A new compliance regime and role allocation

  • Mandatory enrolment with AUSTRAC

  • A documented, risk-based AML/CTF Program

  • Defined roles and responsibilities within your business

  • Customer due diligence, ongoing monitoring and reporting

  • Employee due diligence and training

  • And more…

Action Now

How we can help

We support Tranche 2 entities through every stage of their compliance journey from Uncertainty, to Compliance, to Confidence.

  • A well-designed AML/CTF Program is the foundation of an effective compliance framework under the new regime.

    We develop tailored, regulator-aligned Programs that are practical, scalable, and fit for purpose — not generic templates.

    Each Program is built to reflect your business operations and risk profile, and typically includes:

    • Business-specific ML/TF risk assessment

    • Customer due diligence and verification frameworks

    • Ongoing monitoring and transaction review methodologies

    • Employee screening, awareness, and training structures

    • Governance, reporting, and independent assurance mechanisms

    AUSTRAC expects Programs to be living, operational frameworks, not off-the-shelf templates.

  • AUSTRAC requires reporting entities to implement robust Customer Due Diligence (CDD) procedures to verify customer identity and manage financial crime risks.

    We design and implement practical onboarding and verification processes that align with regulatory requirements while integrating seamlessly into your existing workflows. The result is a compliant, efficient CDD framework that protects your business without slowing it down.

  • AUSTRAC requires all reporting entities to implement an ongoing AML/CTF training program to ensure staff understand their obligations and can effectively identify and manage financial crime risks.

    Our tailored training solutions equip your team with practical, role-specific knowledge aligned to Tranche 2 requirements, keeping your business compliant and audit-ready. With regularly updated content and expert delivery, we help you meet mandatory training obligations while strengthening your overall compliance culture.

  • AUSTRAC requires reporting entities to identify, assess, and manage their exposure to money laundering and terrorism financing risks as a core part of their AML/CTF obligations.

    Our Risk Assessment and Gap Analysis services give you a clear view of your risk profile while identifying gaps against regulatory requirements. We deliver a practical, prioritised roadmap so you can confidently strengthen your controls and meet compliance expectations.

  • Australian AML/CTF legislation requires reporting entities to have their AML/CTF Program independently reviewed on a regular basis to ensure it remains effective and compliant.

    Our independent reviews go beyond a checklist, assessing your risk framework, controls, governance, and real-world implementation against AUSTRAC expectations.

    We help you meet the typical 2–3 year review cycle with confidence, delivering practical insights that strengthen compliance and stand up to regulatory scrutiny.

  • AML/CTF compliance is an ongoing obligation under AUSTRAC requirements, requiring reporting entities to continuously monitor, review, and enhance their programs as risks and regulations evolve.

    Our ongoing compliance support ensures your framework remains up to date, effective, and aligned with regulatory expectations. From updates and reviews to continuous improvement, we help you stay confidently compliant over the long term.

    • Transaction Monitoring & Suspicious Matter Reporting (SMR)

    • Enhanced Due Diligence (EDD)

    • Record Keeping Obligations

    • Independent Reviews of AML/CTF Programs

    • Ongoing Customer Risk Profiling

    • Sanctions & Politically Exposed Persons (PEPs) Screening

    • Regulatory Reporting & AUSTRAC Engagement

    • Governance & Board Oversight

    • Policy & Procedure Maintenance

Intermediate Service

Included

Initial Consultation

Brainstorming Session

Collaborative Planning

Customized Deliverables

Multiple Feedback Rounds

Actionable Recommendations

Post-Project Support

Advanced Service

Included

Initial Consultation

Brainstorming Session

Collaborative Planning

Customized Deliverables

Multiple Feedback Rounds

Actionable Recommendations

Post-Project Support

Book a Consultation

Speak directly with our experts to discuss your needs.

  • Complimentary initial consultation

  • Tailored solutions based on your business model

  • Flexible engagement options (project-based or ongoing)

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