The guide outlines Australia’s upcoming Tranche 2 reforms to anti-money-laundering and counter-terrorism-financing (AML/CTF) laws, expanding regulation to sectors such as lawyers, accountants, real-estate agents, and dealers in precious metals and stones. It explains who will be covered, what new compliance obligations apply, and how to prepare for implementation, aligning Australia’s framework with global FATF standards.
What the guide covers
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Sectors and entities newly included under Tranche 2 and when obligations begin.
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Key AML/CTF duties: risk assessments, customer due diligence, reporting, and governance.
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Steps for preparation: assessing scope, building compliance frameworks, and managing transitions.