Ongoing Monitoring
Catching red flags in real time – without the admin burden.
Under Tranche 2, businesses must regularly review client activity, detect changes in risk and respond quickly. easyAML makes this seamless with automated rescreening, smart alerts and clear reporting.
Our AML transaction monitoring software adapts as client circumstances shift or regulations evolve, helping you stay proactive. That way, you can focus on serving clients while knowing your compliance remains accurate, up to date, and audit-ready.
What does easyAML monitor?
Ongoing monitoring under Tranche 2 means looking beyond onboarding. easyAML keeps watch across:
- Client identity changes – new directors, updated addresses, altered ownership structures or beneficial owners.
- Transaction activity – unusually large settlements, irregular payment patterns, rapid buy-sell transfers or unexplained cash movements.
- Cross-border flows – funds moving in or out of high-risk jurisdictions, including crypto-related transfers.
- Source of funds/wealth – inconsistencies between declared income and actual payments, unexplained lump sums or funding from opaque sources.
- High-risk clients – politically exposed persons (PEPs), sanctioned individuals or entities flagged on global watchlists.
- Adverse media – negative news linking clients or counterparties to fraud, corruption or criminal activity.
- Unusual behaviour – reluctance to provide documentation, attempts to avoid reporting thresholds or use of nominees/shell companies.
- Ongoing rescreening – daily checks across 1,100+ global sanctions and PEP lists, including aliases and close associates.
- Regulatory updates – changes in AUSTRAC guidance are automatically reflected in your compliance process.
- Audit trail activity – every alert, remediation, approval and outcome logged, creating an end-to-end record of risk decisions.
What are the benefits of automating your AML program?
Running a small to medium firm means you’re already balancing deadlines, clients and compliance demands. Manual monitoring and reporting can easily consume hours you don’t have.
Here’s how easyAML helps:
1. Reduce manual checks
Instead of time-consuming manual checks that increase the risk of errors, automation takes care of document verification and database cross-checking. Identity verification, transaction monitoring, and sanctions screening happen automatically with easyAML.
2. Catch red flags immediately
Automation provides 24/7 monitoring, meaning suspicious behaviour is brought to your attention immediately. Unusual behaviour, adverse media checks, or risk changes are flagged for review before they become compliance failures.
3. Maintain audit trail
Every action, alert and decision is logged automatically. That means, when AUSTRAC or auditors ask for evidence, you can produce clear, time-stamped records instantly — without having to chase down spreadsheets or trawl back through old emails.
Explore simple solutions for ongoing monitoring
Keeping up with Tranche 2? It doesn’t have to be overwhelming, time consuming or complicated. easyAML makes ongoing monitoring faster, simpler and integrates into your existing workflows, to reduce inconsistencies and capture the details you might otherwise miss.
From smart alerts, to comprehensive audit reports, our monitoring platform ensures your compliance is complete, aligned with AUSTRAC and constantly up to date.
With easyAML, you’re free to focus on clients — knowing nothing slips through the cracks.
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: Ongoing AML Monitoring
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What types of suspicious activity can AML transaction monitoring software actually detect?
AML transaction monitoring software can automatically spot red flags like unusual cash deposits, mismatched source-of-funds, rapid back-to-back property transfers or large payments from high-risk jurisdictions. For small practices, this means you don’t need to manually sift through every client transaction. Instead, the system will tell you what needs your attention, so nothing slips through the cracks.
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What’s the difference between AML monitoring software and doing manual checks on transactions?
Manual checks are time-consuming, inconsistent and, unfortunately, prone to human error. And when you’re juggling client deadlines, more things can get missed or overlooked. AML monitoring solutions automate the process: verifying clients, flagging anomalies and keeping secure records. Instead of spending hours cross-referencing spreadsheets, you have a streamlined, audit-ready view that saves time and reduces stress.
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Can AML monitoring software automatically flag high-risk clients or transactions before I proceed?
Yes. With easyAML, every client and transaction is risk-scored in real time. If something looks unusual — offshore payments, complex ownership structures or politically exposed persons (PEPs) — you’re alerted before moving forward. This helps you make informed decisions quickly, without disrupting your already busy workday.
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Does an AML monitoring solution keep me aligned with AUSTRAC’s Tranche 2 expectations?
Yes. Our solution is not only designed around AUSTRAC’s Tranche 2 guidance, but it’s built to evolve for the future. From risk assessments and client due diligence to suspicious matter reporting, you can feel confident that you’re not missing anything important. Pricing includes more than just ID checks, and it keeps your practice aligned with what regulators expect.
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How do AML transaction monitoring systems scale if my firm grows or takes on more complex clients?
Whether you’re a sole operator or managing a growing team, easyAML scales with you. You can add more users, monitor higher transaction volumes and apply more complex risk rules as your business evolves — without needing to rebuild your compliance process from scratch.
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Do AML transaction monitoring systems provide audit-ready reports for AUSTRAC or internal reviews?
Yes. easyAML generates clear, exportable reports that meet AUSTRAC’s record-keeping requirements. Everything is stored in one place for at least seven years, so if you’re audited, you can show your compliance efforts instantly, without digging through old files.
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How do AML transaction monitoring solutions help small firms avoid costly penalties?
By automating checks, flagging risks early, and guiding you through reporting, AML monitoring solutions reduce the chance of missing a red flag or filing late. For small to medium firms, this means protecting your business from fines and reputational damage, while keeping compliance time efficient and manageable.
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What makes easyAML’s transaction monitoring solution different from generic AML tools?
Many AML tools are built for banks, financial service businesses, or large enterprises. easyAML is designed specifically for Australian SMEs as an all-in-one, end-to-end solution for: real estate agents, conveyancers, legal practitioners and accountants. With industry-specific templates, local support and AUSTRAC-aligned features, it gives you the functionality you legally require without unnecessary complexity.