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Tranche 2 AML/CTF Regime Implementation
If you are an Australian Tranche 2 business, you have an obligation to implement the updated AML/CTF regime by 1 July 2026 (31 March 2026 for VASPs).
We can help - this page provides a range of resources in helping you understand and decode the AML/CTF requirements. We will keep adding more content and resources to this page in the run-up to the new regime. So do bookmark the page!
Please reach out to us if you have a question or need support in implementing the new regime.
FAQs
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Appointing an AML/CTF Compliance Officer for your business - refer here.
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Engaging an AML/CTF Adviser for advisery services - refer here.
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'Reporting Group' under the new AML/CTF regime - refer here.
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Understanding (correctly) the scope of Designated Services for your business - refer here.
Key Dates
If you are Tranche 2 designated services provider, know key compliance dates - click here.
Regulatory Resources
Key Dates
I. Real Estate, Precious Stones /Metals, and Professional Services Provider Businesses
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If you are providing designated services in regards to any of the following businesses (existing as on 1 July 2026):​
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Real Estate Business
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Precious Metals, Stones and Products
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Professional Services Provider (including lawyers, accountants, conveyancers, trust and company service providers).
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Your compliance deadline - 1 July 2026
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The new AML/CTF regime applies for your business from 1 July 2026
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You must start complying with AML/CTF obligations from 1 July 2026. This means your AML/CTF compliance framework should be ready by this date
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Your business must be enroled with AUSTRAC latest by 29 July 2026. The enrolment window will open from 31 March 2026, and you can apply earlier.
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What does readiness means?
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Undertaken a Money Laundering / Terrorist Financing / Proliferation Financing Risk Assessment
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Built an AML/CTF Compliance framework comprising program and related policies
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Taken steps and readiness in place to operationalise the compliance program and framework.
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It also involves:
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Designated an AML/CTF Compliance Officer
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Undertaken relevant AML/CTF training for your staff.​​
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II. Virtual Asset Service Provider Businesses
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If you are a Virtual Asset Service Provider (existing as on 31 March 2026), including a Digital Currency Exchange services provider under the pre-Tranche 2 regime:
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​​Your compliance deadline - 31 March 2026
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The new AML/CTF regime applies for your business from 31 March 2026.
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You must start complying with the updated AML/CTF obligations from 31 March 2026. This means your AML/CTF compliance framework should be ready by this date.
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You must apply for registering your business with AUSTRAC such that you are registered by 31 March 2026. You cannot provide designated services unless and until you are registered. (Note: AUSTRAC may notify transitional provisions in due course).
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Virtual Asset Services provided in the course of a business that are registrable include:
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exchanging virtual asset for money; money for virtual asset; and virtual asset for another virtual asset
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providing another designated service in connection with the offer or sale of a virtual asset
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providing a virutal asset safekeeping service
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Remitting or receiving remittance of funds, where this involves virtual asset.
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What does readiness means?
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Undertaken a Money Laundering / Terrorist Financing / Proliferation Financing Risk Assessment
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Developed and implemented an AML/CTF Compliance framework comprising program and related policies
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Taken steps and readiness in place to operationalise the compliance program and framework.
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It also involves:
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Designated an AML/CTF Compliance Officer
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Undertaken relevant AML/CTF training for your staff.​​
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Regulatory Resources
We give below key regulatory resources relevant for your compliance efforts:
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AML / CTF Act (Future compilation) - click here
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AML / CTF Rules (updated for new regime) - click here
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AUSTRAC's reforms related resources page - click here
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Risk Assessments - click here (includes National and Sectoral risk assessments).
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Compliense Advisors is an AML/CTF and FinCrime compliance and risk management advisory firm.
Our experience includes implementing legislative changes; undertaking ML/TF risk assessment; setting up, implementing, uplifting AML/CTF program; and advising on AML/CTF and FinCrime compliance and risk matters.
The contents above is for general awareness and informational purposes only. Please carefully evaluate your circumstances, and seek professional advice for your specific needs. You are responsible for your compliance obligations, and for any action taken or omitted. We are not a law firm, and do not provide legal advice.