Tranche 2 Entities
Guidance for accountants, lawyers, real estate agents, and other businesses newly required to comply with Australia's AML/CTF laws from July 2026 — with articles tailored to your industry.
By Edward1 author10 articles
- Understanding AML/CTF ReformAustralia's AML/CTF reforms are expanding to include professional service providers under Tranche 2. This guide explains your new obligations and how to comply effectively.
- Understanding how VerifiMe can help you fulfil your obligationsAs a Tranche 2 reporting entity, you become part of Australia's financial intelligence network, making essential contributions to detecting and disrupting serious crime.
- Understanding Core AML/CTF Compliance Concepts for Tranche 2 EntitiesUnderstanding core compliance concepts is essential for meeting your AML/CTF obligations. These requirements guide how you interact with customers, assess risks, and fulfill your reporting duties.
- Why is the Government Implementing This Reform?The Tranche 2 reforms bring professional service providers into Australia's AML/CTF framework for the first time. Understanding these reforms helps contextualize your new obligations and role in preventing financial crime.
- Your AML/CTF ProgramAn AML/CTF Program is a formal document outlining how your business manages money laundering and terrorism financing risks, covering due diligence, monitoring, reporting, and training.
- Reporting Entities and ObligationsAs a Tranche 2 entity, understanding who qualifies as a reporting entity and what must be reported to AUSTRAC is fundamental to your compliance framework.
- Outsourcing and SupportYou don't need to build every compliance capability in-house. Many operational aspects can be outsourced to specialized providers while you maintain ultimate accountability.
- Consequences of Non-ComplianceFailing to meet your AML/CTF obligations can result in severe penalties and lasting damage to your business. Understanding these consequences highlights why effective compliance is essential.
- Getting Started - ChecklistPreparing for Tranche 2 compliance requires a structured approach and sufficient lead time. Starting early ensures your business is ready by the 1 July 2026 compliance deadline and can transition…
- Frequently Ask Questions