The AML/CTF regime has expanded. If your organisation now falls under Tranche 2, you need to act. Explore what’s changed, assess your readiness, and access the tools to ensure compliance.
A snapshot of key legislative changes
A downloadable compliance checklist
A free interactive compliance quiz
Articles
Curated training pathways for your team
Tools to assess and strengthen your compliance approach
New Tranche 2 laws extend AML/CTF obligations across more industries
Businesses must now implement specific compliance measures and controls.
Preparation needs to start now ahead of the 1 July 2026 deadline.
Non-compliance can lead to major fines, licence loss, and reputational damage.
Stay ahead of regulatory changes with a clear understanding of the new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Tranche 2 reforms. This explainer will help you navigate the updates and ensure your organisation remains fully compliant in an evolving regulatory landscape.
Use our comprehensive compliance checklist to identify any gaps and ensure your organisation is fully prepared for the Tranche Two AML/CTF reforms.
Get a clear understanding of the latest changes, their implications, and how to respond effectively. This report is designed to help you make informed, confident decisions.
To support your organisation through these upcoming changes, we’re offering complimentary access to our AML Booster course. Specifically designed for Tranche 2 sectors, this course breaks down your new obligations in a clear, role-based format that’s easy to follow.
Find out how you can access the FREE course today.
Explore how our content, services, and platform work together to simply compliance, strengthen your systems, and keep you regulatory-ready.
You can choose from our extensive range of customisable off the shelf compliance training courses or we can work with you to build any content you require.
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Manage onboarding or compliance training with our user-friendly platform. Track completion, tag and group users, and gain in-depth insights with our manager dashboard.
Ensure you’re always up-to-date and audit-ready with risk alerts and a central place to track compliance tasks, training records, policy and supply chain management and surveys and attestations.
Manage minutes, scheduling, attendance and document in one streamlined location while building your agenda and coordinating votes to facilitate efficient and organised meetings.
We offer three levels of customisation and collaborate closely with you to ensure that the training aligns perfectly with your brand identity and is specifically targeted to the needs of your organisation.
We help you customise each training course or develop content for your compliance program to create a learning environment that meets your organisation’s unique needs.
Our team will help you set up your users, training schedules, surveys and reports – so you don’t have to worry about the rollout of your programs.
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Tranche 2 refers to the expansion of Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act, bringing new sectors under regulation. These include:
This reform aligns Australia with Financial Action Task Force (FATF) global standards and addresses long-standing gaps in AML/CTF oversight.
From 1 July 2026, businesses that provide designated services within these sectors will become AUSTRAC-reporting entities. To fall under the regime, businesses must have an Australian nexus — for example, being based in or providing services within Australia.
From 1 July 2026, Tranche 2 entities must:
Note: Virtual asset service providers (e.g. crypto exchanges) must enrol and comply by 31 March 2026.
Australia has long been one of the few FATF members without regulated oversight of key non-financial professions. The reforms close this gap by extending AML/CTF obligations to higher-risk professional services previously unregulated.
Non-compliance may lead to:
Safetrac recommends a proactive approach to ensure readiness by 1 July 2026:
Yes. Existing reporting entities must:
AUSTRAC: Summary of AML/CTF obligations for Tranche 2 entities
https://www.austrac.gov.au/about-us/amlctf-reform/summary-amlctf-obligations-tranche-2-entities
AUSTRAC: AML/CTF Reform (general overview)
https://www.austrac.gov.au/about-us/amlctf-reform
AUSTRAC: New AML/CTF Rules (staged adoption)
https://www.austrac.gov.au/about-us/amlctf-reform/new-amlctf-rules
AUSTRAC: Regulatory expectations & priorities 2025–26
AUSTRAC: Summary of changes for current reporting entities
AUSTRAC: AML/CTF obligations factsheet for Tranche 2 reporting entities (PDF)
Norton Rose Fulbright: Tranche 2 and AML/CTF Reforms Hub
Norton Rose Fulbright: Transforming Australia’s AML / CTF laws
Norton Rose Fulbright: AML/CTF Amendment Bill & implications
Rawlings Bolton: AML/CTF obligations — Tranche 2 entities
https://rbco.au/aml-ctf-obligations-tranche-2-entities/
