An all-in-one Tranche 2 compliance solution that adds up
Our AML/CTF platform is purpose-built for accountants & tax agents facing Tranche 2, supported by our local Aussie team.
- Step by step guidance
- Fully AUSTRAC-aligned solution
- No compliance experience required
Accountants & tax agents will need to comply with Tranche 2.
From July 1st 2026, accountants & tax agents who assist clients with financial transactions, entity structures, or fund movements will be subject to new AML/CTF compliance obligations known as Tranche 2.
Tranche 2 obligations
for accountants
Enrol with AUSTRAC
Register your business with AUSTRAC by July 2026.
- Step by step guidance
- Local support whenever you need it
Implement an AML/CTF Program
Develop and maintain a written, risk-based compliance program tailored to your business.
- Accountant-specific AML/CTF program builder
- Guided, AUSTRAC-aligned risk assessment setup
- Complete program - policies, procedures, and controls
- Your program is kept up to date and compliant
Verify your customers
Conduct checks to verify the identity of buyers and sellers that you deal with on property transactions.
- Easy biometric identity verification (Powered by Scantek)
- PEPs, sanctions & criminal watchlists screening
- ABN/ACN lookup and beneficial owner checks
- Complete KYC, KYB and KYE checks
Ongoing due dilligence
Regularly monitor client activity and reassess their risk. Records need to be maintained for at least seven years.
- Continuous transaction monitoring
- Customer behaviour analysis
- Automated risk assessments
Reporting suspicious matters
Report activity that seems unusual or suspicious to AUSTRAC.
- Suspicious activity alerts
- One click AUSTRAC-ready reports
- Secure 7 year record storage compliance
Staff Training
Make sure your team understands red flags and reporting steps.
- On-demand compliance training modules
- Quizzes, walkthroughs and downloadable resources
- Local Australian-based support whenever you need it
Non-compliance with AML/CTF obligations can lead to serious consequences, including fines, legal action and public enforcement by AUSTRAC. Even unintentional breaches can result in reputational damage or the loss of key referral relationships. Accountants that ignore Tranche 2 risk being caught unprepared when the rules take effect in 2026.
FAQs: AML for accountants & tax agents
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Will all accountants need to comply with Tranche 2?
No, only accountants providing designated services, such as forming companies or trusts, managing client funds or facilitating financial transactions, will be captured under AML/CTF obligations. However, most advisory and tax practices are expected to fall under these rules. Talk with us to confirm if your practice is impacted.
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Do bookkeepers and BAS agents need to comply with AML obligations?
Yes, if they offer designated services as outlined by AUSTRAC. This includes involvement in fund management, entity structuring, or other financial arrangements. If you’re unsure, it’s best to review your service scope now and prepare accordingly. Non-compliance may still apply even if your AML exposure is limited.
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Do I need to verify every client for AML compliance?
Yes. If your practice provides designated services, you must perform KYC checks before beginning work. This includes identity verification, risk profiling and ongoing due diligence. Failing to complete these checks could result in compliance breaches, even for longstanding or repeat clients.
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What happens if an accountant doesn’t comply with AML CTF obligations?
Non-compliance can result in financial penalties, legal action and reputational damage. AUSTRAC has the authority to issue enforcement notices and publish your firm’s name. Tranche 2 reforms are serious; your AML compliance program must meet the new standards to avoid these consequences.
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How can accountants meet their AML obligations without in-house expertise?
Using AML software (like easyAML!) helps small and medium accounting firms comply without hiring internal compliance officers. It guides you through KYC, risk assessments, monitoring and reporting, all tailored to AUSTRAC’s requirements. It’s a cost-effective way to meet obligations and avoid penalties.
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When should accounting firms start preparing for AML compliance?
Ideally, you should begin preparing by January 2026. Creating a compliant AML/CTF program takes time (typically between 3–6 months!) and involves onboarding, staff training, documentation and tool setup. Starting early with AML software ensures your accounting or tax practice isn’t rushed or exposed as the Tranche 2 deadline approaches.
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Is AML software necessary for small accounting practices?
Yes, especially for practices offering services that fall under Tranche 2. AML software simplifies compliance by automating identity checks, monitoring transactions and generating audit-ready reports. It removes the guesswork and reduces time spent managing compliance manually.
Simple, transparent pricing for accountants & tax agents
Starter
$179 per month +GST
Perfect for smaller practices, who will have minimal clients requiring AML/CTF checks.
- Up to 5 users
- 1 active risk assessment & AML program
- Training included
- PEPs, sanctions & criminal watchlists screening
- Email, chat & phone support
Additional KYC: $20 +GST each
Additional KYB: $40 +GST each
Most Popular
Professional
$449 per month +GST
Our most popular option, to suit most small and medium businesses.
- Up to 25 users
- 2 active risk assessment & AML program
- Ongoing monitoring
- 10 included KYC verifications
- 2 included KYB checks
- Training included
- PEPs, sanctions & criminal watchlists screening
- Credit roll-over for unused KYC/KYB verifications included
- Initial onboarding & transition program (2hrs)
- Email, chat, phone support + a dedicated account manager
Additional KYC: $15 +GST each
Additional KYB: $35 +GST each
Enterprise
$999 per month +GST
For businesses with a high volume of clients requiring AML/CTF checks.
- Unlimited users
- 3 active risk assessment & AML program
- Ongoing monitoring
- 20 included KYC verifications
- 4 included KYB checks
- Training included
- PEPs, sanctions & criminal watchlists screening
- Credit roll-over for unused KYC/KYB verifications included
- Initial onboarding & transition program (4hrs)
- White label option
- Email, chat, phone support + a dedicated account manager
Additional KYC: $15 +GST each
Additional KYB: $35 +GST each
Less compliance,
more life.
We're here to help you understand what's coming, guide you through it and provide an all-in-on solution.
