Wallets, travel rule, and AUSTRAC's sharpest scrutiny.
Digital currency exchange providers (DCEPs) have been reporting entities since 2018. Tranche 2 tightens the bar — sharper CDD, on-chain monitoring, and the FATF Travel Rule. AMLify gives you the program, the screening, and the report templates to keep up.
The Tranche 2 reality
What Tranche 2 means for virtual-asset service providers.
Digital currency exchange providers (DCEPs) are reporting entities under the AML/CTF Act 2006 and have been since 2018. Tranche 2 doesn't add VASPs to the list — it tightens existing obligations, formalises the FATF Travel Rule, and aligns Australian rules with the global standard.
AUSTRAC's risk-based supervision puts crypto operators in the highest-scrutiny tier. The program, the on-chain monitoring rules, and the SMR/IFTI workflows all need to be airtight.
Why AMLify for virtual assets
Built for the way you actually work.
Travel-Rule ready
Outbound transfers carry originator and beneficiary data. Inbound transfers are validated against FATF Travel-Rule fields. Counterparty messaging supported.
On-chain monitoring
Wallet screening against sanctions, mixers, and high-risk-cluster addresses on creation. Ongoing screening as new attributions land.
IFTI-on-transfer
Cross-border crypto transfers auto-draft IFTI reports with sender, beneficiary, and chain-of-custody data.
DCEP-aligned program
Risk-assessment defaults match AUSTRAC's DCEP guidance. Privacy coins, DeFi exposure, and self-hosted wallets each get their own risk tier.
Your compliance obligations
What Tranche 2 requires for your business type.
- Customer due diligence for all users of your platform
- Travel rule compliance for virtual asset transfers
- Transaction monitoring for on-chain and off-chain activity
- Suspicious matter reporting to AUSTRAC
- AML/CTF program covering all virtual asset services
- Enhanced due diligence for high-risk jurisdictions and privacy coins
- Wallet screening and blockchain analytics integration
How AMLify helps
Purpose-built features for your industry.
- Ami builds a compliance program covering exchange, custody, and transfer services
- Customer onboarding with tiered KYC based on transaction volumes
- Automated screening against global sanctions lists and crypto-specific databases
- Transaction monitoring rules calibrated for digital asset patterns
- Training modules covering crypto-specific ML/TF typologies
- Reporting workflows for suspicious on-chain activity
Ask Ami
Examples of compliance questions you can ask your AI assistant.
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