AUSTRAC AML/CTF Requirements
An AML/CTF Program is a written document required by AUSTRAC that explains how your business prevents, detects, and reports money laundering and terrorism financing. Every Tranche 2 business must have one.
An **AML/CTF Program** is a mandatory document that outlines the systems, controls, and procedures your business uses to comply with the **Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006**.
It must be **written**, **kept up to date**, and **available for AUSTRAC inspection** at any time.
Any business that provides a **designated service** under Tranche 2 — including accountants, lawyers, conveyancers, real estate agents, jewellers, and high‑value dealers.
See how this applies to your industry in our Industries section.
AUSTRAC can issue penalties up to $18.5 million for failing to maintain an AML/CTF Program. It is the foundation of your compliance obligations.
Mandatory for all Tranche 2 professions.
Protects your business from ML/TF exposure.
Ensures you can demonstrate compliance anytime.
AML Shield Pro generates your AML/CTF Program automatically — including Part A, Part B, risk assessments, CDD templates, and audit‑ready documentation.
Governance, controls, and risk assessment.
CDD procedures and identity verification.
Identify and score ML/TF risks.
Generate clean, professional documents.
Avoid penalties and stay compliant with Tranche 2. AML Shield Pro makes compliance simple, fast, and affordable.
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