AUSTRAC opened enrolment for Tranche 2 entities on 31 March 2026, with full AML/CTF obligations commencing on 1 July 2026.

If your business provides designated services — including legal services, accounting, conveyancing, real estate agency activities, property development, or dealing in precious metals and stones — you are now a reporting entity under Australia’s expanded Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime.

With only a few months remaining until obligations begin, early action is critical. Starting preparation now will help you avoid last-minute pressure, reduce the risk of non-compliance penalties, and ensure your business continues operating smoothly from 1 July 2026 onward.

Key Dates Tranche 2 Entities Need to Know

31 March 2026 — AUSTRAC enrolment portal opened. You can (and should) enrol via AUSTRAC Online as soon as you are ready.
1 July 2026 — Full AML/CTF obligations commence for all Tranche 2 entities. From this date, you must actively apply your AML/CTF program when providing designated services.
29 July 2026 — Final enrolment deadline (28 days after obligations begin). While you can enrol earlier, this is the latest date by which you must be enrolled if you are already providing designated services.

Enrolling early gives you more time to build and test your compliance framework before the hard start date.

Information Required for AUSTRAC Enrolment

Enrolment is completed online through the AUSTRAC Business Profile Form (ABPF). The process is straightforward for most Tranche 2 entities (full registration is only required if you also provide remittance or certain virtual asset services).

Gather and prepare the following information in advance to complete the form efficiently:

Business identity details: Full legal name, any trading names or other names under which you will provide designated services, ABN, ACN, ARBN, or ARSN (as applicable).
Addresses: Registered office address and principal place of business address (including state/territory and country).
Business structure: Legal form of your entity (e.g., company, trust, partnership, sole trader, or incorporated association) and a description of your overall business activities.
Designated services: A clear description of each designated service you provide or intend to provide (e.g., providing legal advice on financial transactions, acting as a real estate agent in property sales, or accounting services involving trust accounts). Include the date you commenced or will commence providing these services.
Key personnel: Names, contact details, and roles of directors, officeholders, and your nominated AML/CTF Compliance Officer.
Beneficial ownership: Details of individuals who ultimately own or control the business (typically those with 25% or more ownership or control).
Additional group information (if applicable): Details of any reporting group structure or ultimate holding company.

Having these details ready will significantly speed up the online submission process. Most Tranche 2 entities only need to enrol once, regardless of how many designated services they offer.

What AUSTRAC Expects by 1 July 2026

AUSTRAC has set clear expectations for newly regulated entities. By 1 July 2026, you should have the following foundational elements in place and operational:

An AML/CTF program
Either adopt AUSTRAC’s starter program (and customise it to your business risks) or develop your own tailored program. The program must identify and mitigate money laundering, terrorism financing, and proliferation financing risks relevant to your designated services, customers, and delivery channels. It needs senior management approval and must be regularly reviewed.
A nominated AML/CTF Compliance Officer
This person is responsible for overseeing the day-to-day implementation of your AML/CTF program. They must have sufficient seniority and access to resources to perform the role effectively. You will need to notify AUSTRAC of this appointment (with extended timelines under transitional rules for some entities).
Trained staff
All relevant employees must receive training on your AML/CTF program, their specific responsibilities, how to identify red flags, and internal reporting procedures. Training should be documented and refreshed periodically.
Operational processes
You must be ready to conduct customer due diligence (CDD) before providing designated services, perform ongoing monitoring of customers and transactions, maintain proper records, and submit reports (such as suspicious matter reports) to AUSTRAC when required.

Meeting these requirements from day one demonstrates a proactive compliance culture and helps protect your business from being exploited for financial crime.

You Don’t Have to Navigate This Alone — Ingenique is Here to Help You Navigate This Change

At Ingenique, we have supported thousands of organisations worldwide in building effective AML/CTF compliance programs for over 10 years. Our cloud-based SentroWeb® AML/CTF solution is now available in Australia with packages specifically tailored for Tranche 2 entities.

SentroWeb® Bundled Packages Include Everything You Need
Our SentroWeb® comprehensive packages bundle the essential tools and support to help you meet — and often exceed — AUSTRAC’s expectations efficiently:

Screening powered by the trusted Dow Jones Database: Real-time and ongoing screening against sanctions lists, politically exposed persons (PEPs), adverse media, and other high-risk indicators.
Customer Due Diligence (CDD): Streamlined workflows for standard, simplified, and enhanced due diligence, including identity verification and risk-based customer profiling.
Ongoing monitoring: Automated alerts for changes in the risk levels of clients.
Risk assessments with an intuitive compliance dashboard: Tools to conduct enterprise-wide and customer-level risk assessments, with clear visualisation, reporting, and audit trails.
Staff training and ongoing support: Regular training sessions, plus dedicated assistance from our local Australian team to help you implement and maintain your program.

SentroWeb® is designed to reduce manual work, minimise compliance costs, and give you confidence that your program is robust and up-to-date.

Exclusive Limited-Time Offer – Subscribe Before 1 July 2026
To help Tranche 2 entities transition smoothly, we are providing a special offer for those who subscribe to SentroWeb® before 1 July 2026:

FREE ready-to-use AML/CTF Program document template — customisable, AUSTRAC-aligned, and designed to accelerate your program development.
Extended contract term until 30 June 2027 — enjoy extra months of full platform access at no additional cost (standard contracts run for 12 months).

This offer is intended to give you immediate value and a strong head start during this critical implementation period.

Ready to Get Started?

Book a demo with our Australian team today. We will show you exactly how SentroWeb® can help you achieve AUSTRAC compliance by 1 July 2026 — quickly, efficiently, and with minimal disruption to your practice or operations.

Book a Demo Now

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