From 1 July 2026, thousands of Australian businesses must comply with AUSTRAC's AML/CTF laws for the first time.

Here's what you need to know.

WHO IS CAPTURED BY TRANCHE 2

Businesses now required to comply

🟢Accountant & Bookeepers If you provide accounting services, tax advice, or bookkeeping to clients, you are captured under Tranche 2
🟢Lawyers & Conveyancers Law firms and conveyancers involved in property transactions, company formation, or managing client funds must comply
🟢Real Estate Agents Agents involved in buying, selling or leasing real property — including commercial — are now reporting entities.
🟢Financial Advisers & Planners Businesses providing financial product advice or managing investments must have an AML/CTF program in place.
🟢Mortgage Brokers Credit assistance providers helping clients obtain loans or finance are captured under the new legislation
🟢Dealers in Precious Metals & Stones Businesses dealing in gold, silver, gemstones or jewellery above threshold values must comply.
🟢Trust & Company Service Providers Businesses that form companies, provide registered offices, or act as nominee directors or shareholders must comply

WHAT YOU MUST DO

Your key obligations from 1 July 2026

1 Enrol with AUSTRAC Register as a reporting entity before providing designated services. Enrolment has opened - 31 March 2026
2 Written AML/CTF Program Develop and maintain a written, risk-based program covering governance, CDD, reporting and training.
3 Appoint a Compliance Officer Designate an AML/CTF Compliance Officer (AMLCO) to oversee the day-to-day obligations and liaise with AUSTRAC.
4 Customer Due Diligence Verify Customer identities before providing services. Apply enhanced checks for high-risk Customers.
5 Transaction Reporting Report cash transactions of $10,000+ within 10 business days. Report suspicious matters within 3 business days.
6 Staff Training Train all relevant Staff to recognize red flags and understand their AML/CTF obligations. Keep training records.
7 Record Keeping Maintain records of your program, CDD activities and transactions for a minimum of 7 years.
8 Independent Review Have your AML/CTF program independently reviewed at least every 3 years.

GET STARTED

Ready to get compliant.

Get your complete AML/CTF program today. Instant delivery. No consultants. No hassle.

You have until 1 July 2026 — but the sooner you start, the smoother your rollout.