Navigate complex AML obligations with confidence. With over 90,000 Australian businesses requiring compliance by 1 July 2026 and significant penalties, expert guidance is essential.
Tranche 2 of Australia's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime extends compliance obligations to designated non-financial businesses and professions (DNFBPs). These entities now face complex regulatory requirements that demand specialised expertise and tailored solutions.
Businesses starting preparation in Q4 2025 will have adequate implementation time. Those beginning later risk compliance gaps and potential penalties.
Lane Consulting provides the guidance you need to implement robust compliance frameworks, mitigate risks, and ensure ongoing adherence to AUSTRAC requirements while maintaining operational efficiency.
Read comprehensive Tranche 2 FAQsComprehensive identity verification and risk assessment procedures for all clients and transactions.
Additional scrutiny measures for high-risk customers, politically exposed persons, and complex transactions.
Continuous surveillance of client relationships and transaction patterns to identify suspicious activities.
Systematic documentation and retention of all compliance-related records and transaction data.
Timely submission of suspicious matter reports (SMRs) and threshold transaction reports (TTRs) to AUSTRAC.
Regular evaluation and documentation of money laundering and terrorism financing risks specific to your business.
Each sector has specific triggers and thresholds that determine when AML obligations apply. Understanding these is crucial for compliance planning.
All property transactions as agent
Includes buyers' agents and property developers selling directly
Comprehensive AML compliance for real estate agents, property developers, and property management companies navigating complex transaction reporting requirements.
All designated services
Legal professional privilege protections maintained
Specialised non-legal guidance for law firms and legal practitioners managing client trust accounts and complex legal transactions under AML obligations.
Business/company dealings, trust management
Enhanced due diligence for complex structures
Expert advisory for accounting practices implementing robust AML frameworks while maintaining client service excellence and professional standards.
A$10,000+ cash or cryptocurrency transactions
Bullion dealers already covered regardless of amount
Tailored compliance solutions for precious metals dealers and jewellery retailers managing high-value, cash-intensive transactions.
The following draft project plan has been prepared to assist Tranche 2 entities in preparing for the law changes applicable to them. This project plan can (and should) be tailored as appropriate for your business' operations.
September - December 2025
January - March 2026
April - May 2026
June 2026
End June 2026
* AUSTRAC has indicated that it will release guidance materials for industry in advance of 1 July 2026. These 5 Phases contemplate the ability to flex to ensure that the Program and Policies developed align with AUSTRAC's expectations.
AUSTRAC has significant enforcement powers. Understanding the consequences of non-compliance underscores why professional guidance is essential, not optional.
Up to 100,000 penalty units per breach
For serious offences like operating without required registration
Enforceable undertakings, remedial directions, or registration cancellation
Public enforcement actions can severely impact business reputation
AUSTRAC has pursued multi-million-dollar penalties against companies with systemic AML failures. With Tranche 2, enforcement will extend to your sector.
The cost of preparation today is significantly less than the cost of non-compliance tomorrow.
Our deep sector expertise and practical approach ensure compliance solutions that work for your business.
Deep understanding of the unique challenges and requirements facing each Tranche 2 sector.
Compliance frameworks designed to work within your existing business operations and workflows.
Up-to-date expertise on AUSTRAC requirements and evolving AML legislation affecting your industry.
Comprehensive strategies to protect your business from regulatory penalties and reputational damage.