AML Compliance for Lawyers and Conveyancers
Meet your Tranche 2 obligations without compromising client trust or legal work. Visibl combines intelligent digital automation with certified AML specialists to deliver defensible compliance — while lawyers stay focused on advice, advocacy and outcomes.
Understanding AML compliance for law firms
Understanding AML compliance for law firms
From 1 July 2026, law firms will be subject to AUSTRAC AML/CTF obligations, introducing new regulatory exposure and personal liability for partners and principals. Visibl provides the systems, controls and expert oversight required to meet these obligations while respecting the realities of legal practice.
Built for law firms of every size and structure.
Built for law firms of every size and structure.
Sole practitioners & small firms
Clear, guided compliance without complexity or overhead. Audit-ready documentation with minimal disruption. We often hear from smaller, independent lawyers about the resource concern and double hatting on admin when taking on the role of Compliance Officer, as well as the cost of integrating new verification platforms. Visibl is built to support this reality with affordable plans for small teams, role based tasks with automated reminders and a monthly allowance for verifications.
Mid-sized and multi-office firms
Consistent AML processes across teams and central visibility without manual coordination. For larger teams and multi-office firms we often see more complex services with complex client structures and inconsistent training across offices. With Visibl you get the benefit of digital verification software and AML specialists who can support verifying trusts or multi-layered structures. And when it comes to training you have in-built modules and a central dashboard to track team completion and certification.
National firms
Firm-wide governance with partner-level oversight and standardised controls across offices and practice groups. Many national firms could see a greater degree of enhanced due diligence on individuals which can complicate deals. With Visibl you get automated visibility into KYC/KYB, beneficial ownership, sanctions, PEPs, adverse media and watchlist screening with full audit trails to support CDD and EDD needs plus enterprise governance with centralised dashboard showing compliance health of every office.
Compliance that fits how legal practices actually operate.
Compliance that fits how legal practices actually operate.
Law firms manage complex client relationships, sensitive information and heightened professional obligations. Visibl is purpose-built to support legal workflows — providing AML compliance that is rigorous, auditable and proportionate, without relying on ad-hoc processes or excessive external consulting.
Top Tips
When it comes to Lawyers, Accountants & Bookkeepers we know that many have really longstanding relationships with their clients and know them very well, that's why our platform is built with risk override controls for this very reason, allowing you to record your own risk assessment. For example “A person has been triggered by the platform as high risk, it could be because of a thin credit file or unusual entity structure, but you know this person very, very well. You've been dealing with them for such a long time and you know their funds are legitimately obtained, and as a result you effectively say, no, this customer is not high risk, they’re low and we’re going to treat them accordingly. We’ve built a formal way to record your own risk assessment alongside the automated check - that way your judgement is captured in the audit trail, not just overridden in your head."— Bob Ker, Principal
Clear support across every Tranche 2 obligation. From first policy to final audit
Clear support across every Tranche 2 obligation. From first policy to final audit
Visibl helps law firms meet AML/CTF requirements with confidence by combining automation with certified AML expertise — ensuring compliance is not only completed, but defensible.
Non-compliance puts partners, privilege and reputation at risk.
Non-compliance puts partners, privilege and reputation at risk.
Legal teams are used to digesting legislation and managing risks so it won’t surprise you that AUSTRAC has significant enforcement powers to penalise firms for failing to meet these new standards, up to $30 million for firms and $6m for individuals.
For a profession that’s built on client relationships, trust and reputation AML Compliance will be front of mind to manage regulatory, reputational and operational risk.
Regulatory Risk
AUSTRAC has the authority to review your files, conduct audits and enforce strict compliance.
Reputational Risk
Loss of client trust and professional credibility.
Operational Risk
Remediation and investigations divert senior legal time away from matters.
Other professions covered by Tranche2 include Real Estate and Accounting. 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 law-firm ready.
Protect partners. Safeguard reputation. Meet AML obligations 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.