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March 30, 2026•12 min read

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

Complete compliance at $0 cost for law firms. Trust accounts, property settlements, business sales - everything covered.

Deadline: March 31, 2026

Criminal penalties apply from July 1, 2026. Maximum: 2 years imprisonment and/or $27,500 fine per breach.

Your Obligations

As a legal practitioner providing designated services (trust accounts, property settlements, business sales), you're caught by Tranche 2:

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

Which legal services trigger Tranche 2?

  • ✓ Operating statutory or pooled trust accounts
  • ✓ Property settlements (conveyancing)
  • ✓ Buying/selling business entities
  • ✓ Acting as formation agent (companies, trusts)

NOT covered: Legal advice, litigation, wills & estates (unless using trust accounts).

How to Do It All for $0

Free Tools

Program Generator, Risk Assessment, Training (4 modules), Reports, Dashboard

Learn more →

Law Firm Workflow

Client engages → Send KYC link → Client pays $15 → Instant verification → Proceed to settlement

Learn more →

Your Cost

Zero. Clients pay their own verification. You pay nothing. Fully compliant.

Learn more →

Save $15,000+

First year vs traditional compliance consultants

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

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