AML/CTF Compliance Checklist

Understand what Tranche 2 means — and what to do next

As AML/CTF obligations expand to new sectors, including legal, accounting, real estate, and precious metals, it’s essential your organisation is ready. This practical checklist helps ensure you’re fully prepared and compliant with the latest regulatory expectations.

Use it to help you:

• Update your AML/CTF risk assessment framework to reflect new obligations
• Ensure your customer due diligence processes meet risk-based requirements (initial, ongoing, enhanced, simplified)
• Align your transaction monitoring and reporting with AUSTRAC’s updated expectations, including SMRs, TTRs, and IFTIs

Early preparation is key—use this checklist to navigate the changes with confidence.