Your all-in-one
Tranche 2 compliance solution: settled
Our AML/CTF platform is purpose-built for conveyancers & property lawyers facing Tranche 2, supported by our local Aussie team.
- Step by step guidance
- Fully AUSTRAC-aligned solution
- No compliance experience required
Conveyancers & property lawyers will need to comply with Tranche 2.
From July 1st 2026, conveyancers & property lawyers who help clients buy, sell or otherwise transfer property, assist with contract reviews or advise on due diligence will be subject to new AML/CTF compliance obligations known as Tranche 2.
Tranche 2 obligations
for conveyancers
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.
- Conveyancer-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. Conveyancers and property lawyers who ignore Tranche 2 risk being caught unprepared when the rules take effect in 2026.
FAQs: AML compliance for conveyancers and property lawyers
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How can I prepare my conveyancing business for Tranche 2?
Start by understanding the new rules, then enrol with AUSTRAC, create an AML/CTF program and implement client due diligence processes. Tools like easyAML make it easier to get started and stay compliant with support tailored for the property industry.
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Is AML software necessary for small conveyancing practices or settlement agencies?
Yes, definitely. 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. The time and expense to manage these tasks outside of dedicated AML software will be prohibitive.
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Do I need to start my AML compliance now?
Yes — even though the deadline is July 2026, getting AML-ready takes time. Firms typically spend 3–6 months setting up their program, training staff and installing systems. Starting now means less pressure later. easyAML delivers expert guidance at every step, helping you skip last-minute panic.
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How can I ensure my staff are AML-compliant?
If you’re a conveyancer subject to Tranche 2, you must provide regular training to your team. This helps them spot red flags, follow internal compliance procedures and understand reporting obligations. easyAML’s software offers tailored training modules designed specifically to support conveyancing professionals and their teams, keeping your staff confident and compliant.
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Are conveyancers required to verify every buyer and seller?
Yes. Under Tranche 2, conveyancers must complete client due diligence (CDD) before offering any services. This process verifies identities, assesses risk levels and screens against sanctions and watchlists to prevent illicit activity. These steps protect your practice and help maintain compliance with AML regulations.
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What kind of reporting will my firm need to do under Tranche 2?
Under Tranche 2, your firm will be required to submit Suspicious Matter Reports (SMRs) whenever you identify unusual or suspicious activity. Detailed records must be maintained for at least seven years. You might also need to file Threshold Transaction Reports (TTRs) and International Funds Transfer Instructions (IFTIs) depending on your transactions to ensure full compliance.
Simple, transparent pricing for conveyancers and property lawyers
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.
