Since July 2026, many of the AML rules that apply to banks now apply to newly regulated businesses under AML Tranche 2. Visibl helps you with these 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.
Tranche 2 reforms expand Australia’s AML laws to cover gatekeeper professions like real estate agents, buyers agents, corporate service providers, lawyers and accountants, who now 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.
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 reforms update Australia's AML/CTF Act 2006 to align with international standards set by the Financial Action Task Force (FATF), closing loopholes that allowed criminals to use professional services to disguise illicit funds.
The goal is a clear, documented trail that proves your firm acted with due diligence.
From independent agencies to multi-office networks Visibl supports real estate agents to assess and manage risk, build a manageable and defensible AML policy and program and quickly verify your buyers and sellers whilst keeping deals moving
Accounting firms manage a range of services often supporting long term clients with complex structures and high-risk advisory services. Visibl is built to support these realities, providing defensible AML compliance with automated processes to verify clients and AML Specialists to consult on complex issues.
Legal teams providing designated services ranging from property transactions, business registration, managing client funds, directorship or entity management will now fall under Tranche2 obligations. Visibl AML compliance platform supports law firms to assess risk across their client base and services, build relevant policy and procedures and manage everyday client verification, monitoring and reporting.
As a regulated entity your firm must:
It’s not enough to “do the right thing”
you have to be able to prove you did it.
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, and the penalties are substantial:
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.
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.
AML Tranche 2 extends Australia's anti-money laundering and counter-terrorism financing (AML/CTF) laws - which already cover banks - to gatekeeper professions including real estate agents, lawyers, conveyancers and accountants. From 1 July 2026 these businesses must meet AUSTRAC obligations.
Real estate agencies, buyers agents and developers, legal practitioners and conveyancers, accountants and tax agents, trust and company service providers, and dealers in precious metals and stones.
Full 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.
Enrol with AUSTRAC, appoint a compliance officer, build an AML/CTF program and risk assessment, verify clients and beneficial owners (KYC/KYB), monitor and report suspicious matters, keep records for seven years, and train staff.
AUSTRAC can seek civil penalties of up to 100,000 penalty units for a body corporate and up to 20,000 penalty units for an individual, alongside enforcement action and the reputational cost of public action.
It varies with business size and complexity. Visibl's true cost of compliance blog breaks down the government's estimates, and our pricing calculator gives an indicative monthly figure from four questions.
