Verify clients for company formation, trust services, and nominee work. Tranche 2 compliance made simple. July 1, 2026 deadline.
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Fast client verification for designated services. Track ongoing clients, one-off engagements, and compliance status.
Send verification links to multiple clients, directors, and beneficial owners at once. Group by engagement for easy tracking.
Track client relationship type. One-off services auto-complete. Ongoing clients get annual review reminders and periodic PEP/sanctions re-screening.
All verification documents, risk assessments, and compliance logs stored for 7 years. Downloadable compliance packs for AUSTRAC audits.
Designated services for accountants under Tranche 2
Formation of companies, trusts, partnerships, or other legal entities. Includes all directors, shareholders, trustees, and beneficial owners.
Acting as a nominee director, shareholder, company secretary, or trustee. Providing registered office or business address services.
Acting as a trust or company service provider — managing trusts, providing administrative services, or facilitating business transactions.
Operating client trust accounts, managing client funds, or handling significant financial transactions on behalf of clients.
Services involving high-risk jurisdictions, complex structures, or clients with heightened money laundering/terrorism financing risk.
Tax returns, bookkeeping, payroll, BAS lodgement, and financial statement preparation do NOT require AML verification unless combined with designated services above.
Penalties for non-compliance: up to $27.5 million civil penalties or 10 years imprisonment for criminal breaches. Start verifying clients now.
Everything accountants need to know about Tranche 2
Be ready for July 1, 2026. Get your verification process set up now.