AI-Guided Setup
Answer simple questions and our AI builds your AML/CTF compliance plan using AUSTRAC's official templates. Every answer is mapped to the right source document.
Risk AssessmentCDD ProcessEDD TriggersReview Schedule
AML/CTF Readyin 15 Minutes
We turn 100+ pages of AUSTRAC guidance into a simple, AI-guided process. Get your AML/CTF program ready for accountants, lawyers, real estate agents, and jewellers.
14-day free trial with full access. Cancel anytime.
Built for Australian professionals
AUSTRAC-aligned content
AI-powered compliance
Save time & reduce risk
Non-compliance penalties: up to $36.4 million per contravention
Everything included
What you get in 15 minutes
Built on AUSTRAC's official Starter Kits. No guesswork, no blank-page compliance work.
Client KYC Management
Onboard clients with a guided KYC/EDD workflow. Built-in risk assessment, identity verification, document tracking, and enhanced monitoring, all in one place.
Ongoing Compliance
Stay on top of your obligations all year round with automated reminders for renewals, reviews, employee training deadlines, and regulatory changes.
Complete compliance checklist
- Customised AML/CTF compliance plan
- AUSTRAC registration guidance
- Client KYC/CDD workflow
- Risk assessment report
- Employee training module
- Ongoing compliance reminders
3 steps to compliance
1
Tell us about your business
Enter your ABN, select your industry, and tell us which designated services you provide. Takes 2 minutes.
2
Answer the questionnaire
Our AI walks you through risk assessment, CDD procedures, and EDD triggers based on AUSTRAC guidelines.
3
Get your compliance plan
Receive a tailored AML/CTF program, risk assessment, and KYC workflows. Ready for AUSTRAC.
Built for your industry
Tailored compliance plans and step-by-step guides for each AUSTRAC Tranche 2 sector
Legal
Lawyers & solicitors
Manage source-of-funds obligations and your AML program with confidence.
- ✓Client due diligence & verification
- ✓Trust & client account monitoring
- ✓Risk assessment & AML policies
AUSTRAC-ready templates includedLaunch in days, not monthsUpdated for 2026 AML reforms
View compliance planReal Estate
Agents, auctioneers & property managers
Stay AML-ready through the property transaction lifecycle.
- ✓Vendor & buyer due diligence
- ✓Transaction monitoring & record keeping
- ✓Ongoing monitoring & reporting
Built for Tranche 2 real estate businessesFast setup with guided workflowsRegulation updates built-in
View compliance planAccountants
Tax agents, BAS agents & bookkeepers
Simplify AML compliance for your practice and your clients.
- ✓Practice-wide AML program
- ✓Client risk assessment tools
- ✓Documented procedures & registers
Conveyancers
Property transfers & settlements
Document every step of the settlement with confidence.
- ✓Identity verification workflows
- ✓Risk assessment & controls
- ✓Secure record keeping
Jewellers
Precious metals & stone dealers
Meet AML/CTF obligations for high value goods & cash transactions.
- ✓High value transaction monitoring
- ✓Risk-based customer due diligence
- ✓Record keeping & reporting
NewIncluded in your plan
Reporting entity? You're now under the Privacy Act too.
From 1 July 2026, providing a designated service removes your small business exemption (Privacy Act s6E). We generate the privacy documents you now need, prefilled from your AML setup and included in your plan.
APP 1
Privacy Policy
What you collect, why, and how clients access or correct it.
APP 5
Collection Notice
The notice you give clients when you collect ID for CDD.
NDB scheme
Data Breach Plan
Steps to assess and notify an eligible breach in time.
APP 11
Retention Schedule
How long you keep records and when you securely destroy them.
Starting-point templates built on OAIC and AUSTRAC guidance. General information, not legal advice. Review with your adviser before use.
Free 2-minute readiness check. No signup.
Real consequences
The cost of non-compliance
Real penalties AUSTRAC has issued for AML/CTF failures. Under Tranche 2, new reporting entities are first in line.
$700M
Commonwealth Bank
2018
$1.3B
Westpac
2020
$450M
Crown Resorts
2023
Latest from the AML Mate blog
Practical guides, deadlines, and AUSTRAC interpretation for Tranche 2 reporting entities.
General
Not Going to Be Perfect by 1 July? Here's What AUSTRAC Actually Expects.
With under two weeks to go, plenty of small firms know they won't have everything polished by 1 July 2026. AUSTRAC has said it plainly: it doesn't expect perfection on day one, but it does expect genuine effort to comply. That's reassuring, and it's widely misread. Genuine effort is not the same as 'we'll get to it.' Here is what the phrase actually means, the handful of obligations that get no grace at all, and the realistic minimum a small firm should have running on 1 July.
6 min readRead
GeneralAUSTRAC Just Went From 19,000 to 100,000 Regulated Businesses. Who Does It Look At First?
AUSTRAC's regulated population jumped roughly five-fold overnight. It cannot audit everyone, so it will triage by risk and by signal. Here is how that triage actually works, why 'a firm my size will never get looked at' is the wrong bet, and the cheapest move that puts you on the right side of it before 29 July.
6 min readRead
Filed Zero Suspicious Matter Reports? AUSTRAC Now Treats That as a Red Flag
AUSTRAC's CEO told the non-bank lending sector that suspicious matter reporting is rising, but many businesses still file none. The real message for every Tranche 2 firm: a clean sheet of zero SMRs is no longer read as proof you are low-risk. It is something AUSTRAC now reverse-checks.
6 min readRead
1 July Didn't Just Add AML. It Removed Your Privacy Act Exemption.
Most Tranche 2 coverage stops at AUSTRAC. But the same law that made you a reporting entity also stripped away the Privacy Act small business exemption for your CDD data. From 1 July 2026, a solo accountant or one-agent real estate office is bound by the Australian Privacy Principles regardless of turnover. Here is what actually changed, what you now have to have, and the one scope nuance that keeps it from being as big as it sounds.
8 min readRead
FATF Grey List 2026: The High-Risk Countries That Trigger Enhanced Due Diligence
The FATF updated its grey list on 19 June 2026, adding Iraq and Bosnia and Herzegovina and removing Algeria and Namibia. Here is the full current list, what a high-risk jurisdiction actually means for your Tranche 2 obligations, and when a country connection pushes a client into enhanced due diligence.
5 min readRead
GeneralSportsbet Just Closed Its AUSTRAC Enforceable Undertaking. The Three Failures It Had to Fix Are on Every Tranche 2 Checklist.
On 3 July 2026 AUSTRAC finalised its enforceable undertaking with Sportsbet, confirming after an independent external audit that the bookmaker had remediated the AML/CTF failings the regulator flagged in 2024. The concerns clustered in three areas: risk assessment, customer monitoring and suspicious matter reporting. Those are the same three areas every Tranche 2 firm is now expected to have working.
9 min readRead
Frequently asked questions
Who needs to comply with AUSTRAC AML/CTF regulations?
Under Tranche 2 reforms effective 1 July 2026, accountants, tax agents, lawyers, conveyancers, real estate agents, and dealers in precious metals/stones (jewellers) who provide "designated services" must comply. This includes services like managing trust accounts, conveyancing, company/trust formation, and transactions over $10,000.
What are the penalties for not complying with AML/CTF Tranche 2 obligations?
Civil penalties under the AML/CTF Act can reach up to $36.4 million per contravention for companies (100,000 penalty units) and $7.28 million for individuals (20,000 penalty units), calculated at $364 per penalty unit (from 1 July 2026). Penalties apply per contravention and can stack. AUSTRAC can also issue infringement notices, enforceable undertakings, and remedial directions.
How much does AML Mate cost?
AML Mate starts at $49/month, a fraction of the $3,000-$8,000/year that traditional compliance consultants charge. The free compliance check requires no signup. We offer a 14-day free trial on all paid plans so you can generate your compliance plan before committing.
Do I need a lawyer to create my AML/CTF program?
No. AUSTRAC explicitly states that businesses can create their own AML/CTF program using the free Starter Kits they provide. AML Mate automates this process using AUSTRAC's official guidance, so you don't need expensive consultants. However, we recommend having a compliance professional review your program for complex situations.
Don't wait until it's too late
Non-compliance costs up to $36.4 million per breach
AUSTRAC says you can do it yourself. We just make it easy. Check if you need to comply in 30 seconds, completely free.
$49/month
Full platform + KYC + alerts
vs $3,000-$8,000/year for traditional consultants
14-day free trial on all paid plans. Cancel anytime.
Free AML/CTF Compliance Checklist (PDF)Download free