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 $16,500 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 Management
Onboard clients with a guided KYC/EDD workflow. Built-in risk assessment, identity verification, document tracking, and enhanced monitoring, all in one place.
Ongoing Compliance
Stay on top of your obligations all year round with automated reminders for renewals, reviews, employee training deadlines, and regulatory changes.
Complete compliance checklist
- Customised AML/CTF compliance plan
- AUSTRAC registration 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
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
GeneralSportsbet Just Closed Its AUSTRAC Enforceable Undertaking. The Three Failures It Had to Fix Are on Every Tranche 2 Checklist.
On 3 July 2026 AUSTRAC finalised its enforceable undertaking with Sportsbet, confirming after an independent external audit that the bookmaker had remediated the AML/CTF failings the regulator flagged in 2024. The concerns clustered in three areas: risk assessment, customer monitoring and suspicious matter reporting. Those are the same three areas every Tranche 2 firm is now expected to have working.
9 min readRead
Your Client Matched a PEP or Sanctions List. Now What?
Screening a client and getting a hit is the moment most firms dread. But a match is not a verdict. Here is how to tell a false positive from a real one, what a PEP match actually requires, why a sanctions match is different, and when a match becomes a report to AUSTRAC.
5 min readRead
AML/CTF Record Keeping: What to Keep, and What You Now Have to Destroy
Under the amended AML/CTF rules, keeping every scanned ID on file is no longer the safe option. It can be a privacy breach. Here is what a Tranche 2 firm must retain for seven years, and what it should now destroy once identity is verified.
5 min readRead
Does an ID Check Make You AML/CTF Compliant? What Tranche 2 Actually Requires
Since 1 July 2026, accountants, lawyers and real estate agents are reporting entities. A client identity check is one small part of that, not the whole of it. Here is what AUSTRAC actually requires, and why 'my software already does AML' can leave you exposed.
6 min readRead
GeneralDo You Have to Run CDD on Every Existing Client? The Pre-Commencement Customer Rules, Explained
The most common question from firms in the first week of the new AML/CTF regime: what about the clients we already act for? Two answers are circulating, re-onboard everyone and you have until 2029, and AUSTRAC's guidance supports neither. Here is what a pre-commencement customer actually is, the two triggers that end the exemption, and what you still owe on your legacy book.
6 min readRead
Frequently asked questions
Who needs to comply with AUSTRAC AML/CTF regulations?
Under Tranche 2 reforms effective 1 July 2026, accountants, tax agents, lawyers, conveyancers, real estate agents, and dealers in precious metals/stones (jewellers) who provide "designated services" must comply. This includes services like managing trust accounts, conveyancing, company/trust formation, and transactions over $10,000.
What happens if I don't comply by 1 July 2026?
Non-compliance penalties include up to $16,500 per contravention for companies and $3,300 for individuals. Serious or systemic breaches can attract civil penalties up to $31.3 million. 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 $16,500 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