Australia is extending its anti-money-laundering regime to new professions. Here's what it means for you.
The short version
Australia's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime has long applied to banks and casinos. Tranche 2 extends it to a set of new 'designated services'. From 1 July 2026, businesses providing those services have obligations under the regime, and they must enrol with AUSTRAC by 29 July 2026.
Who is affected
Real estate agents and buyers agents involved in transferring real estate
Conveyancers and settlement agents
Property developers selling certain property
Accountants and tax agents providing relevant services
Dealers in precious metals, stones and bullion
What you have to do
Enrol with AUSTRAC
Maintain a written AML/CTF program
Carry out customer due diligence (identity, beneficial ownership, sanctions and PEP screening)
Keep records and report suspicious matters
How Tranche2 helps
Tranche2 puts those obligations into one workflow: onboarding, screening, risk rating, reporting and a locked audit trail. Each customer file ends up consistent and easy to stand behind. Get started →
This page is general information, not legal advice. Confirm your obligations with AUSTRAC and your own adviser.