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Tranche 2 Checklist

Tranche 2 Checklist
Is Your Business Ready for the New AML Reforms?

Download our free checklist to ensure your business is compliant with Australia’s latest Anti-Money Laundering (AML) reforms.
Tranche 2 Chekclist
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What Is Tranche 2?

Tranche 2 refers to the long-anticipated expansion of Australia's AML/CTF regime, which will soon apply to Designated Non-Financial Businesses and Professions (DNFBPs).

These reforms bring significant compliance obligations, including risk assessments, customer due diligence, transaction monitoring, and ongoing reporting.

Key upcoming milestones
October 2025
Finalisation of Core Guidance 
October to November 2025
Targeted consultation on Tranche 2 sector-specific guidance in working groups with industry associations and peak bodies
December 2025
Finalisation of Tranche 2 sector-specific guidance
August to December 2026
Ongoing enhancements to the sector-specific guidance for current reporting entities in partnership with industry 
1 July 2026
AML/CTF obligations commence for Tranche 2 entities  
31 March 2026
FinalisatiChanges to obligations for current reporting entities and virtual assets service providers on of Core Guidance 
Who Is This For?
Designed for professionals who will be regulated soon
If you operate in any of the following sectors, this checklist is for you:
  • Legal and conveyancing professionals
  • Accounting services
  • Real estate firms
  • Trust and company service providers
  • Dealers in precious metals and stones
Tranche 2 Checklist

Why Prepare Now?

Early Preparation = Reduced Risk

Regulatory enforcement is expected to increase with Tranche 2 legislation. Businesses that delay compliance planning may face audits, penalties, or disruption to operations.

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What Is Inside the Checklist?

Our checklist breaks down the core requirements your business must address, including:

Understanding
Understanding if Tranche 2 applies to you
Creating
Creating a risk-based AML program
Implementing
Implementing a Customer Due Diligence (CDD) process
PEP & Sanctions Screening
PEP & sanctions screening
Reporting
Risk assessment and reporting
Training
Training and record-keeping

Download the Checklist

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