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 & KYB
Onboard individuals, companies and trusts in one guided workflow. Verify entities against the ABR, capture and screen beneficial owners, plus risk assessment, identity verification and document tracking, all in one place.
Ongoing Monitoring
Compliance is not a one-off. AML Mate automatically re-screens your clients against sanctions and PEP lists on a risk-based schedule and alerts you the moment a client's status changes, alongside reminders for reviews and training.
Complete compliance checklist
- Customised AML/CTF compliance plan
- AUSTRAC enrolment 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
ComplianceYou Checked Every Client. AUSTRAC Also Expects You To Check Your Own People.
There is a due diligence obligation in the AML/CTF Act that points at your own staff rather than your clients, and most firms have not read it. It asks you to assess the skills and the integrity of everyone who performs an AML/CTF function, before you engage them and for as long as they stay. Here is who it covers, what AUSTRAC's own worked example does, and the two parts of it almost nobody has written down.
8 min readRead
ComplianceThe Client Won't Hand Over ID. The Act Has Already Decided What Happens Next.
If you cannot establish who your customer is on reasonable grounds, you must not provide the designated service. That is the whole rule, and it is short. What it does not tell you is the difference between a client who will not prove who they are and one who cannot, which are two different situations that look identical from your side of the desk. Here is how to tell them apart, and what has to be in the file either way.
9 min readRead
ComplianceThe Deadlines Are Done. Your Next AUSTRAC Date Is 1 July 2027.
Enrolment closed on 29 July 2026. For most Tranche 2 firms the next date AUSTRAC actually puts in your calendar is 1 July 2027, when the first annual compliance report window opens. Everything in between runs on triggers you have to notice yourself, not dates anyone reminds you about. Here is what those triggers are, and what should be in your file by the end of August.
6 min readRead
ComplianceHow to Rate a Client's Risk: The Step Most Firms Skip
Most Tranche 2 firms nail the business risk assessment and skip the other one: rating each client low, medium or high. It is a separate AUSTRAC obligation, and it decides whether you can use simplified CDD or must do enhanced. Here is the method AUSTRAC expects, the four factor categories, the low/medium/high examples, and a worked conveyancer example.
6 min readRead
ComplianceHow to Find a Company Client's Beneficial Owners: The ASIC Extract
You've enrolled with AUSTRAC and a company walks in as a client. The rules say identify its beneficial owners, but the free ASIC search won't tell you who owns it. Here is exactly which ASIC product actually carries the ownership data, the free one that looks right but isn't, how to read directors and shareholders off it, and where the extract stops and you take over.
6 min readRead
Frequently asked questions
I missed the 29 July 2026 enrolment deadline. What should I do now?
Enrol now rather than waiting. The deadline for businesses already providing designated services on 1 July 2026 was 29 July 2026, so enrolling late does not remove the obligation, but the gap stops growing the day you enrol. If you only started providing a designated service more recently, the ongoing rule applies instead: you must apply to enrol no later than 28 days after the day you start. AUSTRAC's stated position on the first compliance cycle is that it does not expect perfection immediately, but does expect to see genuine effort to comply. Enrolling, appointing your compliance officer, and having an AML/CTF program in place is what that effort looks like. AML Mate's registration tracker assembles the exact details AUSTRAC asks for, and the program generator produces the plan you need alongside it.
Who needs to comply with AUSTRAC AML/CTF regulations?
Tranche 2 obligations commenced on 1 July 2026 and are now in force. Accountants, tax agents, lawyers, conveyancers, real estate agents, and dealers in precious metals/stones (jewellers) who provide "designated services" must comply. That covers work like managing trust accounts, conveyancing, company and trust formation, and buying or selling real estate. A separate threshold applies to reporting: physical cash transactions of $10,000 or more trigger a Threshold Transaction Report.
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