AML Tranche 2: What Australian Businesses Need to Know
From 1 July 2026, many of the AML rules that apply to banks will apply to newly regulated businesses under AML Tranche 2. Visibl helps you with your new responsibilities in the fight against money laundering and terrorism financing with expert-led compliance that fits your existing operations.
A major regulatory shift for your business is coming.
A major regulatory shift for your business is coming.
Tranche 2 reforms expand Australia’s AML laws to cover gatekeeper professions like real estate agents, buyers agents, corporate service providers, lawyers and accountants.
From 1 July 2026, they will need to meet most of the same vetting and record-keeping standards as banks. That means a big change to how you verify clients, manage transactions and document your compliance.
You'll be on the front line of the fight against financial crime.
You'll be on the front line of the fight against financial crime.
Professional industries manage high-value transactions, complex legal structures and large sums of money. This makes real estate, corporate services law and accounting priority sectors for new regulations targeting money laundering and terrorism financing.
The goal is a clear, documented trail that proves your firm acted with due diligence.
Starting July, your firm must be ready to:
Starting July, your firm must be ready to:
It’s not enough to “do the right thing”
you have to be able to prove you did it.
The window to get ready is closing.
The window to get ready is closing.
Businesses that plan early will avoid the scramble, protect their brand and minimise disruption. Large networks that standardise early will gain governance advantages and reduce internal overhead.
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 are substantial:
- $6 million for individuals: Directors, partners or principals can face personal fines, as well as enforcement action.
- $30 million for firms: Corporations and partnerships can face fines of up to $30 million.
These penalties apply to any business, regardless of size. Ignoring these obligations isn't just a legal oversight; it's a direct risk to your firm's future.
Regulatory Risk
AUSTRAC has the authority to review your files, conduct audits and enforce strict compliance.
Reputational Risk
Public enforcement actions or negative media can damage client trust and your reputation.
Operational Risk
Poorly managed compliance leads to delays and friction that frustrates your clients and partners.
Tranche 2 impacts the entire sector, not just big networks.
Tranche 2 impacts the entire sector, not just big networks.
Your margins shouldn’t have to absorb compliance inefficiency.
Visibl helps your firm meet Tranche 2 expectations without slowing deals, hiring specialists or building internal compliance teams.
Move fast knowing that you’re protected.
Move fast knowing that you’re protected.
Tranche 2 demands operational efficiency and regulatory credibility. Software alone can’t make compliance defensible. Consultants alone can’t make it scalable. Visibl combines automated onboarding, verification and reporting with certified AML professionals who validate compliance and reduce personal and corporate liability.
