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March 30, 2026•10 min read

How to Comply with AML/CTF Tranche 2 for Free (Financial Services)

Complete compliance at $0 cost for financial advisers, planners, and fund managers.

Which financial services trigger Tranche 2?

  • • Operating client trust accounts
  • • Investment management for trusts/companies
  • • Fund management services
  • • Acting as trustee for investment vehicles

NOT covered: Pure financial advice without trust accounts or entity formation.

Your Obligations

  1. Register with AUSTRAC by March 31, 2026
  2. Create AML/CTF Program
  3. Complete Risk Assessment
  4. Train your team
  5. Verify all clients (individuals + entities + UBOs)
  6. File reports (SMR, TTR, IFTI)
  7. Keep records for 7 years

How to Do It All for $0

Free Tools

Program (financial services template), Risk Assessment (investment risks), Training (PEP detection, sanctions), SMR/TTR/IFTI Templates

Learn more →

Your Cost

$0. Clients pay their own verification costs. You pay nothing.

Learn more →

30-Minute Checklist

  1. 1
    Register with AUSTRAC

    ⏱️ 10 min

  2. 2
    Generate AML Program

    ⏱️ 5 min

  3. 3
    Complete Risk Assessment

    ⏱️ 10 min

  4. 4
    Train team

    ⏱️ 2 min

  5. 5
    Send first verification

    ⏱️ 2 min

Total: 29 Minutes

Start Compliance →

FAQs

Ready to Comply for Free?

Join financial advisers using FreeAML for zero-cost compliance.

Start Free Compliance →

No credit card. No hidden fees. Ever.