AML/CTF Tranche 2 guides
Cited answers for businesses newly regulated under Tranche 2 of the AML/CTF Act from 1 July 2026.
Since 1 July 2026 real estate agents, accountants, lawyers, conveyancers, trust and company service providers and dealers in precious metals and stones have AML/CTF obligations when they provide a designated service. Each guide below is checked against the AML/CTF Act, Rules and AUSTRAC guidance, with the source linked on the page.
Do you need to enrol with AUSTRAC?
- Do bookkeepers need to enrol with AUSTRAC?
- Do accountants need to enrol with AUSTRAC?
- Do conveyancers need to enrol with AUSTRAC?
- Do real estate agents need to enrol with AUSTRAC?
- Do buyer's agents need to enrol with AUSTRAC?
- Do lawyers need to enrol with AUSTRAC?
- Do trust and company service providers need to enrol with AUSTRAC?
- Do jewellers need to enrol with AUSTRAC?
Your program, evaluation and reporting
- Why must AML/CTF program templates be customised?
- AUSTRAC starter kit: does it fit my firm?
- AML/CTF independent evaluation due date by AUSTRAC account number
- First AML/CTF annual compliance report: due 30 September 2027
- Received an AUSTRAC section 167 notice?
- AUSTRAC enrolment infringement notice: $21,840 or $4,368 per contravention
Who must comply: AML/CTF obligations
- Enrol with AUSTRAC as a reporting entity
- Maintain a written AML/CTF program
- Customer due diligence (KYC) on every customer
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC
- Crypto-Asset Reporting Framework (CARF) — implementation 2026-2027
- Independent review of AML/CTF program
- Designate an AML/CTF Compliance Officer
- Business records — 7-year retention (Corporations Act + tax)
- Detect + enhance due diligence on Domestic + Foreign PEPs
- Lodge the AUSTRAC annual compliance report (AML/CTF Act s 47)