AML Compliance for Accountants
Meet your Tranche 2 anti-money laundering compliance obligations without distracting partners from advisory work. Visibl combines digital efficiency with certified AML specialists to manage compliance end-to-end — protecting your firm’s reputation while you stay focused on clients.
Protect partners without building a compliance team.
Protect partners without building a compliance team.
Since July 2026, accounting firms are now subject to AUSTRAC AML/CTF obligations meaning new compliance responsibilities and personal liability for partners and directors. Visibl gives you the tools to manage AML compliance for accountants complete with systems, controls and specialist oversight required to meet these obligations with confidence, without pulling senior staff away from billable work.
Built for accounting firms of every size and structure.
Built for accounting firms of every size and structure.
Sole practitioners & small firms
Simple, guided AML compliance software for accountants without complexity or overhead. Clear pricing and audit-ready outputs. As Accountants you’re used to detailed requirements and understanding legislation but you’ll be pleased to know we’ve translated the 88 page legislation for you. With Visibl you can quickly set your business up, assess and monitor risk and verify the clients you need to without slowing you down.
Mid-tier, multi-office and national firms
Standardised compliance across teams, offices and partners. Central oversight, group wide dashboards and board-level reporting. When it comes to multi-office firms we know it's important to get centralised visibility so from one handy dashboard you’ll get a snapshot of the compliance health right across the network.
Specialist advisory practices
Reputation-first compliance for high-risk, complex clients. Defensible verification without slowing client onboarding. When it comes to complex structures and long standing client relationships where you need to apply human judgement alongside automated risk scores you can do this simply in Visibl plus access our AML Specialists if you need an escalation or verification deeper dive.
Key Tranche 2 requirements covered.
From first policy to final audit
Key Tranche 2 requirements covered.
From first policy to final audit
From 1 July 2026, accounting firms that provide designated services must meet a full set of anti-money laundering (AML) requirements. As an accountant, your core obligations are to enrol with AUSTRAC, appoint an AML/CTF compliance officer, and put a written AML/CTF policy and risk assessment in place. You'll then need to verify clients and beneficial owners (KYC/KYB), monitor for and report suspicious matters, keep records for seven years, and train your team. Visibl covers every one of these AML requirements for accountants - the software to do the work, and the certified specialists to make it defensible.
Compliance that fits how accounting firms actually work.
Compliance that fits how accounting firms actually work.
Accounting firms manage a range of services from business registration and incorporation, registered office, M&A assistance, capital raising, directorships, co-sec and more. Often long-term client relationships, complex entity structures and high-risk advisory services. Visibl is purpose-built to support these realities, providing defensible AML compliance with automated processes to verify clients, assess ownership structures, complement automated risk scores with your own professional judgement where required and track everything in the platform.
AML requirement top tips for Accountants
A question we get asked a lot by Accountants & Bookkeepers is “Should i KYC every client or it is dependent on the service we are providing them?
If you provide registered office services, assist with M&A, assist with raising capital (whether equity or debt) for a company or trust, act as a director or cosec, set up companies or trusts, or hold client monies or property on trust — those are designated services. If you do any of these you are caught by the AML/CTF laws and the simplest approach is to KYC everyone. The platform makes it quick enough that client segmentation isn’t worth the compliance risk of getting it wrong.
Kaan Yuksel, Managing Partner
“I have an idea of AML legislation but I'm glad Kaan and his team at Visibl read the 88 page document for me and essentially built a product that ensures I easily have a snapshot of my risks, my clients, any outstanding verifications and tasks and easy reports to download.”
Simon Allsop, Owner iKeep
The cost of getting it wrong isn't just fines, it's your reputation.
The cost of getting it wrong isn't just fines, it's your reputation.
AUSTRAC has significant enforcement powers to penalise firms for failing to meet these new standards with the maximum civil penalty up to 100,000 penalty units for a body corporate, which could see fines as large as $30 million for firms and $6m for individuals. Learn more about detailed Tranche2 compliance requirements and penalties to avoid.
Beyond financial penalties, regulatory action can damage your long lasting client trust, professional standing and long-term firm value. Visibl helps you keep risks front of mind and not in the rear view mirror, helping to avoid regulatory, reputational and operational risk.
Regulatory Risk
AUSTRAC has the authority to review your files, conduct audits and enforce strict compliance.
Reputational Risk
Non-compliance can undermine client trust and referral relationships.
Operational Risk
Remediation, audits and enforcement divert senior time away from clients and revenue and could cost you in expensive consulting fees.
Yes. From 1 July 2026, accountants and bookkeepers that provide designated services that are regulated under Australia's anti-money laundering and counter-terrorism financing (AML/CTF) regime under the Tranche 2 reforms need to comply. If you set up companies or trusts, act as a director or company secretary, provide a registered office, assist with M&A or capital raising, or hold client money or property, you provide designated services, are therefore in scope and must comply.
Accounting firms must enrol with AUSTRAC, appoint an AML/CTF compliance officer, maintain a written AML/CTF policy and risk assessment, conduct customer due diligence (KYC/KYB) including identifying beneficial owners, monitor client activity and report suspicious matters, keep records for seven years, and train staff. These requirements apply regardless of firm size.
Full AML/CTF obligations commence on 1 July 2026. AUSTRAC enrolment opened on 31 March 2026, and newly regulated businesses must enrol within 28 days of starting to provide a designated service.
If your firm provides one or more designated services, yes - enrolment is a legal requirement, not optional. It places your firm on the Reporting Entity Roll and gives you access to AUSTRAC Online for ongoing reporting.
If your firm provides designated services, the simplest and safest approach is to run KYC on every client. Visibl makes verification quick enough that segmenting clients service-by-service isn't worth the compliance risk of getting it wrong.
Other professions covered by Tranche2 include Real Estate and Legal. Learn how Visibl can support.
Save up to $17k per year*
The Australian Government estimates the cost of an AML compliance program to be over $23k per year. Learn how you can save money with Visibl.
Tranche 2 is coming. Get accounting-ready today.
Protect partners. Maintain client trust. Meet AUSTRAC expectations with confidence.
Savings Calculated based on Visibl Starter Plan but does not include additional KYC verifications, users, escalations or support. Annual Subscription AU$3780 plus the one-time onboarding fee AU$2000 deducted from the estimated annual cost burden of $23,800 to the real estate industry determined by the Australian Government. Documented in the 'Reforming Australia's Anti-Money Laundering and Countered Terrorism Financing Regime Impact Analysis' by The Australian Government. Page 111.