Tranche 2 AML/CTF compliance for conveyancers
Conveyancers came under the AML/CTF Act on 1 July 2026, and the obligations apply now. Every settlement needs verified parties, a recorded risk decision, and a threshold transaction report (TTR) when cash hits $10,000. The same duely workflow runs for a sole practitioner and for a 40-file team.
How a settlement runs in duely
The screens your team works in
These are real screens from duely, with sample data. The app calls each matter an engagement.
Verify and screen.Identity and screening results sit side by side for each person, with the date and the method used.
Rate the risk.The answers produce a rating and show what drove it. A High rating opens enhanced due diligence.
Approve.An approver signs off before the work goes ahead. The approval stays on the record.
Generate the pack.One PDF, whenever you need it. Each version has its own SHA-256 hash, so any later change to the file can be detected.
What makes Tranche 2 hard for conveyancers, and how duely handles it
Conveyancing has its own pace and its own mix of parties, so the workflow follows the settlement diary.
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High settlement throughput
Conveyancers run many settlements at once against tight contract dates. Compliance steps have to fit between exchange and settlement without pushing the timeline out.
Onboard a customer once, reuse the record on every settlement
Each customer is onboarded once. Every settlement gets its own risk assessment, approval and evidence trail, with the customer's due diligence already attached. See the engagement workflow
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Trust account movements
Funds move through your trust or settlement account around the contract date, and cash components sometimes trigger a TTR. Each movement has to tie back to its engagement and evidence.
A report record for trust account cash
Flag a cash receipt at the $10,000 threshold and duely captures the threshold transaction report (TTR) details against the engagement. Your team lodges it with AUSTRAC and records the reference. See AUSTRAC reporting
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Multi-party transactions
Vendors, purchasers, joint owners, guarantors, lenders and real estate agents: every conveyancing engagement involves several parties. Verifying each one without slowing the deal is hard.
Delayed due diligence, with the deadline tracked
Initial customer due diligence (CDD) on a buyer can be finished after you start: no later than 28 days after exchange, or 3 days before the initially agreed settlement day, whichever is earlier. Record the deferral and the reason. duely tracks the deadline and adds it to your monitoring queue five days before it falls due. How delayed CDD works
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Late-stage party changes
A purchaser can switch from an individual to a trust at the last minute. Compliance has to keep up without re-running every step by hand.
Entity structure mapping
Map the company or trust, identify beneficial owners at the 25% threshold, and record trustees, directors and appointors, with your reasoning when ownership information cannot be obtained.
Your client verifies on their own phone
Send a link. They give consent, scan an ID document and take a selfie, and the result lands on their record. Nobody has to come into the office.
- Takes about a minute
- An ID check and a face check, both on their phone.
- Documents from 200+ countries
- Identity documents from more than 200 countries and territories.
- Done once
- Each client's due diligence is reused on every matter.
Also live now, and what's still coming
Conveyancing template pack
duely includes a policy template and designated service catalogue written for conveyancing, so your AML/CTF program starts from a working draft, not a blank page.
Audit-ready evidence packs
Generate a tamper-evident evidence pack for any engagement. Two profiles control what each role sees: Standard, and the AMLCO-only Sensitive profile.
Conveyancing-calibrated risk patterns
Risk factors calibrated for conveyancing (settlement structure, cash components, jurisdiction overlays) are in development. The general engagement-level risk wizard with ECDD triggers is available now.
Build a defensible conveyancing compliance file from day one
Start with the conveyancing template pack. duely then organises CDD, risk, evidence and reporting around every settlement.