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Free assessment

Check your firm's Tranche 2 readiness

Answer 9 quick questions to get a readiness score and an action plan for your firm. It takes under 2 minutes.

Question 1 of 9
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What industry is your firm in?

Tranche 2 of the AML/CTF Act extends obligations to accounting firms, real estate agencies and other professional services.
Self-assessment

Eight questions for your AML setup.

Use this checklist on your current platform, or your current spreadsheet stack. AUSTRAC won't grade you on effort. They'll grade you on evidence.

  • Can it produce AUSTRAC's SMR 3.0 XML file exactly?

    Or do staff re-key every field into AUSTRAC Online under deadline?

  • Does it isolate SMR records so only the AMLCO can see them?

    Tipping off is a criminal offence under s 123. Every record staff can see is a risk.

  • Does it generate tamper-evident, hashed evidence packs on demand?

    A hashed pack shows the record has not changed since it was produced. A screenshot does not.

  • Can it manage reliance arrangements end-to-end?

    The s 37 and s 38 distinction, the agreement PDF, its lifecycle and AMLCO sign-off.

  • Does it identify ultimate beneficial owners (UBOs) and flag risky ownership structures?

    Owners of 25% or more, control relationships and structure risk flags.

  • Does it draft ownership structures from trust deeds and ASIC extracts?

    Check what is live versus promised, and whether you would still type every field by hand.

  • Does it track every obligation in one calendar?

    Reviews, training, AMLCO appointments, retention anchors.

  • Does it apply country risk from Basel, FATF, and DFAT?

    The list should be re-indexed when the source indexes update.

If your current setup can't answer yes to each question,

duely does each of these.