AML Tranche 2 reforms

Learn what AML Tranche 2 means for your business and how Livesign’s solution will make it simple when the time comes. Livesign clients can relax knowing that we'll help them:

• Cut through the confusion
• Get expert guidance and advice
• Provide a comprehensive AML solution

AML/CTF Tranche 2 reforms

For the first time, real estate agents, lawyers and conveyancers will fall under Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws for all property transactions. From 1 July 2026, the above professionals will be required to:  

• Enroll with AUSTRAC 31st March
  
• Conduct a risk assessment for your firm's porfolio
• Verify each client’s identity before a transaction and assess risk rating

• Keep accurate, auditable records of those checks
• Create and maintain an AML/CTF compliance program
• Report suspicious or unusual activity to AUSTRAC

These reforms are designed to reduce financial crime, protect Australia’s property sector, and every business in it. We’ll help you understand what the changes mean for you and how to prepare.

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What are AUSTRACs Starter Kits?

AUSTRAC’s AML Starter kits are practical guides designed to help newly regulated businesses prepare for Tranche 2. They outline recommended client onboarding questions, risk considerations and what AUSTRAC expects to see documented in your AML program. You can find the Starter kits on AUSTRAC’s website (see link below). They should be used as a framework to assess your firm’s risk profile and shape your AML approach — not as a one-size-fits-all template. Livesign AML has been designed with these Starter kits in mind, helping you translate that guidance into structured onboarding and risk assessment within your workflow. Once you're in the Livesign platform, following our step by step process, you won't need to cross-reference with the AUSTRAC starter kits - it's simply built in for you.

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Everything you need for Tranche 2

Livesign is developing a comprehensive AML solution designed for legal and property professionals. When the time comes, you’ll be ready with tools that make compliance part of your everyday workflow, not another admin burden. What's more, Livesign AML has beend designed ot align with AUSTRAC's requirements, with the starter kits questions built into our flow. There will be no need for double handling.

Other Feature Highlights:

• No lock-ins, subscriptions or hefty transaction fees
• Firm risk assessments, client risk assessments, intial CDD and more
• Training & compliance hub