Tranche 2 is the expansion of Australia's AML/CTF regulations to include non-financial sectors handling high-value transactions such as lawyers, accountants, real estate agents, precious metals dealers, and trust and company service providers.

What are the new obligations under Tranche 2?

Businesses must enrol with AUSTRAC, implement a risk-based AML/CTF program, conduct customer due diligence, perform ongoing monitoring, report suspicious activities, and maintain compliance records.

Tranche 2 Compliance: What You Need to Know

Q: What happens if you do not comply?

Non-compliance can lead to heavy fines, legal penalties, increased regulatory scrutiny, and reputational damage. Compliance ensures trust and long-term business stability.

Australia’s Tranche 2 Reforms will soon expand AML/CTF regulations to law firms, real estate agencies, accountants, and other Designated Non-Financial Businesses and Professions (DNFBPs).

By preparing today, you can safeguard your business, enhance your credibility, and stay ahead of regulatory changes.

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 

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What Is Tranche 2?

Tranche 2 is the next phase of Australia’s AML/CTF regulations, designed to strengthen financial crime prevention by expanding compliance requirements to non-financial sectors that handle high-value transactions.

Who will be affected?

Lawyers

Accountants

Real Estate Agents

Precious Metals and Stone Dealers

Trust and Company Service Providers (TCSPs)

What are the new obligations?

Enrol with AUSTRAC
Develop an AML/CTF program
Conduct Customer Due Diligence (CDD)
Perform ongoing CDD
Report suspicious activity
Maintain record-keeping

How MemberCheck Can Help

We offer automated Risk Management compliance solutions to help businesses effortlessly meet Tranche 2 obligations.

PEP & Sanctions Screening

Instantly check customers against global watchlists

Adverse Media Checks

Detect reputational risks before onboarding clients

Ongoing Monitoring

Stay compliant with real-time risk alerts

Automated Verification

Save time and reduce false positives

Book a free consultation with our experts to discuss your Tranche 2 compliance strategy.

Book a Free Consultation

What Happens If You Do Not Comply?

Significant fines & legal consequences:

Non-compliance can result in heavy penalties.

Increased regulatory scrutiny:

High-risk industries will be closely monitored.

Loss of reputation and customers:

Non-compliant businesses may lose trust and customers.

Staying compliant not only protects your business but also strengthens your reputation and trust with clients.

Contact Us

Get in touch with us today to let us know how we can help you

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