Get ready for Australia’s AML/CTF Tranche 2 laws
Australia’s Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill came into law in December 2024. The legislation extends the AML/CTF regime to include services provided by designated non-financial businesses and professions (DNFBPs). These include lawyers, accountants, real estate agents, trust and company service providers, and dealers in precious metals and stones (also known as Tranche 2 entities). The reforms aim to improve the effectiveness of Australia’s AML/CTF regime, reduce the complexity and regulatory burden of AML and CTF, and ensure Australia’s AML/CTF regime is fit for purpose.

Who is impacted by the Tranche 2 AML/CTF laws?
Lawyers, real estate professionals, accountants and trust and company service providers, and dealers in precious stones and metals are affected by the new laws, which are designed to make Tranche 2 entities comply with their AML/CTF obligations. If you’re impacted and need advice, contact us today.
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What are your Tranche 2 AML/CTF obligations?
AUSTRAC outlines key obligations if you provide designated services, to make sure you comply with the law and help prevent money laundering, terrorism financing, and other serious crime.
- Enrol with AUSTRAC by 31 March 2026
- Develop an AML/CTF Policy and Risk Assessment, including appointing a compliance officer by 1 July
- Conduct staff training
- Perform Customer Due Diligence (CDD) when onboarding clients
- Report certain activities to AUSTRAC
- Keep detailed AML/CTF records
- Ensure ongoing AML/CTF compliance, including an independent evaluation every three years.

Ready to be free of your AML/CTF compliance stress?
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Tranche 2 for conveyancers

Tranche 2 for accountants

Tranche 2 for real estate

Australia’s AML Tranche 2 laws impact on Professional Services

Impact of Tranche 2 AML/CTF laws on Australia’s high-value dealers
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