AML/CTF Tranche 2 update Current
AUSTRAC Tranche 2 obligations commence
AML/CTF obligations began applying to newly regulated designated services on 1 July 2026.
From 1 July 2026, AML/CTF obligations under the Tranche 2 reforms apply to certain services provided by accountants and other professional-services firms, legal professionals, conveyancers, real estate professionals, trust and company service providers, and dealers in precious metals, stones and products. Firms newly captured by these obligations should confirm their status, plan for enrolment, and put customer due diligence and record-keeping processes in place.
Latest updates
commencement Tranche 2 obligations commence
AML/CTF obligations began applying to the newly regulated designated services on 1 July 2026.
From 1 July 2026, AML/CTF obligations under the Tranche 2 reforms apply to certain services provided by accountants and other professional-services firms, legal professionals, conveyancers, real estate professionals, trust and company service providers, and dealers in precious metals, stones and products. Firms newly captured by these obligations should confirm their status, plan for enrolment, and put customer due diligence and record-keeping processes in place.
Next action: Confirm whether your firm provides a designated service, and if so, begin your enrolment and AML/CTF program work.