30 minutes, not 30 hours.
Tranche 2 puts your accounting practice on the AUSTRAC reporting list. The Compliance Officer role lands on someone — usually you. AMLify takes it from a project to a checklist.
The Tranche 2 reality
What Tranche 2 means for accounting practices.
From 1 July 2026, designated accounting services — company formation, trust establishment, holding client funds, acting as nominee — make your practice a reporting entity under the AML/CTF Act 2006. The CA ANZ and CPA Australia guidance lays out the obligations; meeting them is on you.
The full obligation set applies: a written program, CDD on every client, transaction monitoring, and AUSTRAC reporting within 3 to 10 business days.
Why AMLify for accounting
Built for the way you actually work.
Practice-software ready
CSV import templates for Xero Practice Manager, MYOB, Karbon. Client lists backfill in minutes, not weeks.
Trust establishment aware
Discretionary, unit, and SMSF setups are tagged on creation. Beneficial-ownership prompts match the entity type.
Per-engagement CDD
Each engagement letter triggers a CDD review. Re-screen on threshold change — only when needed, never on a calendar tick.
Independent-review-ready
Annual independent review evidence file exports in one click. Hand it to your reviewer; sign off in one meeting.
Your compliance obligations
What Tranche 2 requires for your business type.
- Customer due diligence on clients for designated services
- Ongoing monitoring of client transactions and activities
- Suspicious matter reporting for unusual financial patterns
- AML/CTF program covering all designated accounting services
- Staff training for all team members
- Record keeping obligations for a minimum of 7 years
- Enhanced due diligence for complex structures (trusts, SMSFs)
How AMLify helps
Purpose-built features for your industry.
- Ami creates a compliance program tailored to your services — tax, audit, advisory, or bookkeeping
- Client onboarding workflows with built-in identity verification
- Automated screening during client acceptance procedures
- Transaction monitoring for unusual patterns in client accounts
- Industry-specific training modules covering accounting scenarios
- Integration-ready workflows for existing practice management tools
Ask Ami
Examples of compliance questions you can ask your AI assistant.
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