AUSTRAC Tranche 2 AML/CTF Reforms (2026)
Tranche 2 expands Australia’s AML/CTF regime to include lawyers, accountants, conveyancers, real estate agents, jewellers, and high‑value dealers. This guide explains exactly what Tranche 2 is, who is captured, and what you must do to comply.
Tranche 2 is the long‑awaited expansion of Australia’s AML/CTF Act to cover **Designated Non‑Financial Businesses and Professions (DNFBPs)**. These professions handle high‑risk financial transactions and are internationally recognised as vulnerable to money laundering and terrorism financing.
Australia has been under pressure from the **Financial Action Task Force (FATF)** for more than a decade to implement these reforms. Tranche 2 brings Australia into alignment with global AML standards.
AUSTRAC now requires thousands of Australian professionals to maintain AML/CTF Programs, conduct CDD, and report suspicious matters — obligations previously limited to banks and financial institutions.
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If your business provides any **designated service**, you must comply with the AML/CTF Act — regardless of size, structure, or revenue.
A written Part A & Part B AML/CTF Programme outlining governance, controls, and CDD procedures.
Assess risks associated with clients, services, delivery channels, and geographic exposure.
Verify identity, understand purpose, and apply enhanced due diligence for high‑risk clients.
Submit SMRs to AUSTRAC within 3 business days (or 24 hours for terrorism‑related matters).
Maintain CDD evidence, SMR logs, and AML/CTF documentation for at least seven years.
Monitor client activity, update risk assessments, and review your AML/CTF Programme annually.
AML Shield Pro is purpose‑built for Tranche 2 professions. It generates your AML/CTF Programme, ML/TF Risk Assessment, CDD templates, SMR logs, and audit‑ready documents — all in under an hour.
Generate Part A & B automatically.
Identify and score ML/TF risks.
Verify clients and store evidence.
Track suspicious matters with timestamps.
Build your AML/CTF Programme in under 60 minutes. Avoid penalties up to $18.5 million.
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