Audit-Ready Reporting

Everything AUSTRAC needs, when they need it

Tranche 2 expands your reporting and record-keeping responsibilities — but that doesn’t mean it has to be hard. easyAML keeps your submissions accurate, consistent and always audit-ready.

You’ll generate AUSTRAC-ready reports, store records securely and export what you need in just a few clicks. All your reports are synced with your smart risk assessments, helping ensure your obligations are met at every step.

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AML reporting made easy for Australian SMEs

With complex obligations around suspicious activity, high-value transactions and international transfers, staying on top of AUSTRAC reporting can feel overwhelming — especially for smaller teams without dedicated compliance staff.

easyAML simplifies it all with automated reporting, pre-filled templates and secure record-keeping, so you can focus on your clients, not your paperwork.

What types of AML/CTF reports can I generate?

Whatever the reporting trigger, easyAML ensures you're covered with smart tools, automated detection and AUSTRAC-compliant formatting.

Report Type	What It Covers	How easyAML Helps
Suspicious Matter Reports (SMRs)	When a transaction or customer behaviour seems unusual or inconsistent with expectations	Pre-fills fields with client data, logs internal review steps and stores all supporting documents. Receive reminders and flag patterns for early detection.
Threshold Transaction Reports (TTRs)	Any cash transaction of A$10,000+ (or equivalent foreign currency)	Monitors transaction values in real time, flags potential structuring and automatically generates reports within the 10-day deadline.
International Value Transfer Service (IVTS) Reports	Cross-border transfers of funds, crypto or value through intermediaries	Tracks the sender, receiver, value and method of transfer. Custom alerts for offshore activity and automated due diligence tools reduce risk.
Cross-Border Movement Reports (CBMs)	Physical currency or BNIs moved in or out of Australia over A$10,000	Logs shipping dates, transaction sources and instrument type. Creates a full audit trail and reportable data for mail/freight transfers.
Annual Compliance Reports	Your yearly summary of AML/CTF activity and control effectiveness	Pre-populates reporting based on tracked activity — including risk decisions, PEP matches, due diligence and training logs.
Legal Professional Privilege (LPP) Attachments	Required when certain legal information is exempt from disclosure	Includes optional LPP fields where applicable, helping law firms meet Tranche 2 rules without overdisclosing.
Audit Trails and Reviewer Notes	Supporting information for every report	Automatically captures who, when and why a report was generated or edited — ensuring clarity for audits, boards or regulators.

How does easyAML support AML/CTF record-keeping?

AUSTRAC requires businesses to retain certain records for seven years — including identity verification, risk assessments and transaction monitoring data.

easyAML handles this for you by:

Automatically saving key compliance records in one secure location
Organising files by client, risk level or activity
Creating exportable audit trails on demand
Ensuring nothing gets lost, misfiled or forgotten

What are the benefits of automated AML reporting?

Manually preparing AUSTRAC reports can be time-consuming and error-prone. With easyAML, automation does the heavy lifting:

Accurate, real-time reporting

easyAML pulls directly from your verified client records, monitoring activity and risk scoring in real time. This ensures reports are based on up-to-date information, reducing the chance of errors and making your reporting process far more reliable.

Time-saving templates

Built-in templates are backed by AUSTRAC, which walks you through exactly what’s needed and where it goes. This helps remove the uncertainty many small and medium teams face when preparing reports for the first time.

Stress-free formatting

Some government sources have suggested small and medium businesses will bear costs of up to $28,650 upfront to comply with Tranche 2 obligations. But with easyAML, our end-to-end solution means that there are no legal fees to pay, and we create your tailored policies, procedures, and controls based on your business.

You get everything you need to comply, just without the excessive setup costs and complexity.

Peace of mind

All reports are securely stored with time stamps, submission details and reasoning captured. This clear documentation keeps you prepared for audits, reviews or internal checks – without having to dig through emails or spreadsheets.

Can I export reports and share them securely?

Yes. All reports generated in easyAML can be exported as PDF or CSV and shared with regulators, auditors or internal teams. Secure download links and access controls make sharing both easy and safe — without ever needing to dig through spreadsheets or email chains.

Confidence starts with clarity

With easyAML, you don’t just tick boxes — you build a smarter, stronger approach to risk. From understanding your clients to smart risk assessment and storing a clear and secure audit trail, everything lives in one place.

Whether you're managing KYC, KYB or reporting, our platform helps you stay one step ahead and always ready.

FAQs

What systems can help small agencies meet AML reporting obligations?

EasyAML’s built-in reporting dashboard makes obligations easier to manage. Pre-filled templates, automated data capture and real-time risk insights simplify submissions and reduce admin. Designed for busy real estate, legal and accounting teams, this AML reporting solution delivers accuracy, AUSTRAC compliance and effortless exporting – all in just a few clicks.
What’s the risk of not submitting AML reports correctly or on time?

Missing or misreporting AML activity can trigger audits, penalties or legal action. easyAML gives you peace of mind with integrated reminders, built-in validations and secure recordkeeping. By staying on top of your timelines and submissions, you’ll avoid unnecessary exposure and keep your business running smoothly and confidently.
How often do I need to report AML activity to AUSTRAC?

Report frequency depends on the type of activity. Suspicious matters must be submitted promptly, while threshold and international transfers follow set timelines. With easyAML, everything’s tracked automatically — so you’ll never miss a deadline. Use our scheduler and notification tools to stay compliant and reduce last-minute reporting stress.
Does AML reporting apply to small firms or just large financial institutions?

Tranche 2 legislation will apply to many small practices — including real estate, legal, crypto and accounting firms. With easyAML, you don’t need to be a big institution to manage risk properly. It’s tailored for small and medium businesses, with pricing and features built to match your needs.