Knowledge hub
AML/CTF, explained for your profession.
From 1 July 2026, Australian tax agents, lawyers, conveyancers and real estate professionals carry AML/CTF obligations that used to belong to banks. These guides explain what the law actually requires — in plain English, with the practical steps for each profession.
Tax agents & accountants
Which of your services are designated, CDD in a tax practice, and the TPB overlap.
Read the guideLawyers & conveyancers
Designated legal services, trust money, privilege, and matter-level due diligence.
Read the guideReal estate professionals
Vendor and purchaser verification, property red flags and agency reporting duties.
Read the guideAll guides
Tranche 2 explained
Australia's Tranche 2 AML/CTF reforms now cover tax agents, accountants, lawyers, conveyancers and real estate agents. What changed on 1 July 2026, who is captured, the six core obligations and what to do now.
For tax agents
Which tax agent and BAS agent services are designated services under Tranche 2, how to tell routine tax work from captured work, and the exact obligations a registered tax practice must meet from 1 July 2026.
For lawyers
How Tranche 2 captures Australian law firms and conveyancers: which legal services are designated services, customer due diligence for law practices, trust money, tipping off, and how legal professional privilege is preserved.
For real estate
Tranche 2 obligations for Australian real estate agencies from 1 July 2026: verifying vendors and purchasers, screening, risk assessment, suspicious matter reporting and the records every agency must keep.
AUSTRAC enrolment
Step-by-step AUSTRAC enrolment for tax agents, lawyers and real estate agents: who must enrol, what information you need, the compliance officer notification, and what happens after you enrol.
Your AML/CTF program
What an AML/CTF program must contain for a small Australian practice: the risk assessment, Part A and Part B structure, governance and approval, staff training, and how to keep the program current.
CDD explained
Customer due diligence under the amended AML/CTF Act: verifying individuals and entities, finding beneficial owners (UBOs), PEP and sanctions screening, risk rating, and when enhanced due diligence applies.
SMRs & tipping off
Suspicious matter reporting for newly regulated Australian practices: what forms a suspicion, SMR deadlines, what goes in the report, and the section 123 tipping-off offence every staff member must understand.
Glossary
Plain-English definitions of the AML/CTF terms Australian tax agents, lawyers and real estate agents now need: AUSTRAC, CDD, EDD, beneficial owner, designated service, PEP, SMR, TTR, tipping off and more.
Prefer to check your position in a minute?
The free scope check applies the designated-service rules to one service description and returns a reasoned outcome with rule references — no signup required.