Deadline: March 31, 2026
Criminal penalties apply for non-compliance from July 1, 2026. Maximum: 2 years imprisonment and/or $27,500 fine per breach.
Your Obligations (What You MUST Do)
As a real estate agent conducting property sales or leases ≥$10,000, you're caught by Tranche 2. Here's what AUSTRAC requires:
- Register with AUSTRAC by March 31, 2026 (free, takes 10 minutes)
- Create an AML/CTF Program - your compliance rulebook
- Complete a ML/TF Risk Assessment - identify your risks
- Train your team on AML obligations and red flags
- Verify all clients before settlement (new + existing if ongoing relationship)
- File reports when required (SMR for suspicious, TTR for $10k+ cash)
- Keep records for 7 years (verifications, training, programs)
How to Do It All for $0
1. AUSTRAC Registration (FREE)
Register at AUSTRAC Online - takes 10 minutes. Follow our step-by-step enrollment guide.
Learn more →2. AML Program (FREE vs $2,000-5,000)
Use our Program Generator. Real estate-specific template downloads in 5 minutes.
Learn more →3. Risk Assessment (FREE vs $3,000-5,000)
AI-powered 20-page risk report. Settlement workflows, foreign buyers, property types covered.
Learn more →4. Team Training (FREE vs $500-1,000)
4 interactive modules with certificates. Track team completion.
Learn more →5. Client Verifications (FREE for You)
Client pays their own $15 - you pay $0. Biometric ID + AML screening.
Learn more →6. Reports & Records (FREE)
SMR/TTR/IFTI templates. 7-year storage. Compliance dashboard.
Learn more →Total Cost: $0
Save $11,498 first year vs traditional compliance
Your 30-Minute Compliance Checklist
Follow this checklist to go from zero to fully compliant:
- 1Register with AUSTRAC
⏱️ 10 min
- 2Generate AML Program
⏱️ 5 min
- 3Complete Risk Assessment
⏱️ 10 min
- 4Invite team to training
⏱️ 2 min
- 5Send first verification link
⏱️ 2 min
Total: 29 Minutes
You're now fully compliant with Tranche 2.
Frequently Asked Questions
Ready to Comply for Free?
Join thousands of real estate agents using FreeAML for zero-cost Tranche 2 compliance.
Start Free Compliance (29 min) →No credit card required. No hidden fees. Ever.