AMLify's Staff Training Module for Accounting Firms
AMLify's staff training module helps accounting firms meet their AML/CTF training obligations with tracked records for Tranche 2 (in force from 1 July 2026).
AMLify's staff training module gives Australian accounting firms a structured, documented way to meet their AML/CTF training obligations under the Tranche 2 amendments to the AML/CTF Act 2006 — now that Tranche 2 has commenced (1 July 2026), the module allows firms to onboard staff and generate training records in under an hour.
What does the AML/CTF Act 2006 require for staff training?
Under Part A of the AML/CTF programme, every reporting entity must maintain an ongoing employee due diligence and training programme. For accounting firms, this means: - Risk-based training — staff must understand ML/TF risks specific to the accounting sector and the firm's designated services - Roles and responsibilities — all relevant staff must know what a designated service is, when CDD applies, and how to escalate concerns to the AMLCO - Training records — the firm must retain evidence that training was completed, as AUSTRAC expects to see records during a supervision review - Periodic refreshes — training must be repeated at defined intervals, not just at onboarding
What does AMLify's training module include for accounting firms?
The module delivers structured AML/CTF training content calibrated to accounting sector risks. It covers: - The AML/CTF Act 2006 obligations that apply to accounting firms providing designated services - The designated services that trigger AML/CTF requirements — managing client funds, company and trust formation, property transactions, and business acquisitions - Red flags in accounting contexts: unusual source-of-funds, unexplained offshore structures, and requests to manage funds inconsistent with the client's business profile - CDD responsibilities at staff level: what to collect, when to escalate to the AMLCO, and when not to proceed - Suspicious matter reporting obligations and the tipping-off prohibition Completion is tracked automatically — each staff member's name, date, and completion record are added to the firm's training log, accessible to the AMLCO and exportable for AUSTRAC review.
How does AMLify handle training records for AUSTRAC?
AUSTRAC expects firms to demonstrate that all relevant staff have received training commensurate with their role and the firm's risk profile. AMLify's training log captures each staff member's name, the training completed, and the completion date — producing a ready-to-present record without manual administration. Training records are stored for the seven-year period required under the AML/CTF Act 2006 and can be exported directly from the AMLify dashboard if AUSTRAC requests evidence during a supervision review.
How quickly can accounting firms complete training?
Yes. AMLify's training takes between 20 and 45 minutes per staff member and can be completed entirely online. A firm of five to ten staff members can finish the full training programme in a week and have documented records on file. The AMLCO completes the programme first to become familiar with the material, then distributes access to relevant staff. See how staff training sits within the full AMLify compliance stack for accounting firms at /industries/accountants.
Key Takeaways
- AML/CTF staff training is a mandatory Part A requirement — accounting firms must document that relevant staff are trained on ML/TF risks and their CDD responsibilities
- AMLify's training module is calibrated to accounting sector risks — covering designated services, red flags, CDD steps, and AUSTRAC reporting obligations
- Completion records are generated automatically — stored for seven years and exportable for AUSTRAC review without manual record-keeping
- Training can be completed quickly — each staff member takes 20–45 minutes; most firms can finish in under a week
- Get started now — start a free trial at /pricing to enrol your firm and run staff training
Frequently Asked Questions
Q: Is staff AML/CTF training mandatory for Australian accounting firms?
Yes. Part A of every reporting entity's AML/CTF programme must include an ongoing employee due diligence and training programme. All staff involved in providing designated accounting services must receive training on ML/TF risks, CDD obligations, and how to escalate concerns to the AMLCO. AUSTRAC expects to see training records during a supervision review.
Q: How often must accounting staff repeat AML/CTF training?
Training must be ongoing — periodic refreshes are required, not just a one-off induction. Your AML/CTF programme must specify the refresh frequency; most compliance advisers recommend annual re-training as a minimum. AMLify's training module supports this by notifying the AMLCO when a staff member's training record is due for renewal.
Q: What happens if an accounting firm cannot complete training before 1 July 2026?
Training obligations begin on the same date as all other Tranche 2 requirements — 1 July 2026. A firm that has not completed staff training on that date is in breach of its Part A programme obligations from day one of the new regime. AMLify's online training takes 20 to 45 minutes per staff member, so even a firm starting now can have trained staff and documented records quickly.
This is general information only and not a substitute for legal advice.