AML/CTF Compliance for Australian Law Firms
Tranche 2 brings AML/CTF obligations to legal practitioners. AMLify helps law firms meet their new compliance requirements without disrupting client service.
Start free trialYour compliance obligations
What Tranche 2 requires for your business type.
- Customer due diligence on all clients for designated services
- Ongoing transaction monitoring for trust accounts
- Suspicious matter reporting to AUSTRAC
- AML/CTF program tailored to legal practice areas
- Staff training for all employees providing designated services
- Record keeping for a minimum of 7 years
- Enhanced due diligence for high-risk matters (e.g., international property transactions)
How AMLify helps
Purpose-built features for your industry.
- Ami generates an AML/CTF program tailored to your practice areas — conveyancing, litigation, advisory, or mixed
- Automated client screening during onboarding against sanctions and PEP databases
- Trust account transaction monitoring with automatic threshold alerts
- CDD workflows designed for legal client relationships
- Training modules covering legal-specific scenarios and case studies
- Record keeping that meets both Law Society and AUSTRAC requirements
Ask Ami
Examples of compliance questions you can ask your AI assistant.
"Ami, I have a new conveyancing client purchasing a $2.3M property. What CDD do I need?"
"Help me assess the ML/TF risk for an international client setting up an Australian trust."
"Draft a suspicious matter report — my client's funding source doesn't match their stated income."