Compliance for Trust & company service providers
Entities providing trust or company formation, registered agent, or nominee services. Tranche 2 captured.
Published obligations that apply to trust & company service providers (2)
- criticalCWLTHEnrol with AUSTRAC as a reporting entity
Tranche 2 entities must enrol with AUSTRAC within 28 days of first providing a designated service (29 July 2026 for services from 1 July 2026).
- criticalCWLTHMaintain a written AML/CTF program
Every reporting entity needs a documented AML/CTF program — an ML/TF risk assessment plus AML/CTF policies.
Applicability answers for trust & company service providers
- Do trust and company service providers need to enrol with AUSTRAC?
- Do trust and company service providers need to enrol with AUSTRAC as a reporting entity?
- Do trust and company service providers need to maintain a written AML/CTF program?
- Does Customer due diligence (KYC) on every customer apply to trust and company service providers?
- Does Suspicious matter, threshold, and IFTI reporting to AUSTRAC apply to trust and company service providers?
- Do trust and company service providers need to designate an AML/CTF Compliance Officer?
- Do trust and company service providers need to detect + enhance due diligence on Domestic + Foreign PEPs?
- Does Independent review of AML/CTF program apply to trust and company service providers?