Tranche 2 Readiness Guide (2026)
Practical guidance on Tranche 2 readiness, AUSTRAC obligations, KYC, screening and audit ready record keeping, written for compliance leaders and the firms newly captured from 2026.
The 25% ownership test, the control test and structure-specific fallbacks, and how the analysis differs for companies, unit trusts and discretionary trusts.
Enrolment, AML/CTF Program, customer due diligence, suspicious matter and threshold transaction reporting, the obligations every reporting entity must meet.
DFAT consolidated list, OFAC, UN, EU and UK HMT, how screening works, why fuzzy matching matters, and how to reduce false positives.
How to weight geography, customer type, industry, delivery channel and behaviour into a defensible client risk rating.
The extra steps required for corporate and trust onboarding, including Ultimate Beneficial Owner identification and verification.
Why immutable audit logs and structured case workflows mean you never scramble when AUSTRAC asks questions.
Trigger events, periodic reviews and real time re-screening, moving from point-in-time checks to continuous compliance.
Select any guide above to read the full article. Each is aligned to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and AUSTRAC guidance.
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