Verify clients for property transactions, trust work, and client account management. Tranche 2 compliance made simple. July 1, 2026 deadline.
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Fast client verification for property, trust, and corporate matters. Track compliance across all designated services.
Group verifications by matter reference. Track buyers, sellers, guarantors, and entities for each transaction. See who's verified, who's pending.
Verify clients before accepting funds into trust. Monitor ongoing while funds are held. Auto-complete when matter closes and funds disbursed.
Audit-ready compliance records. All verification docs, risk assessments, and logs stored for 7 years. Downloadable packs for law society audits.
Designated services for lawyers under Tranche 2
Acting for buyers or sellers in real property transactions. Includes conveyancing, settlement, and property transfers. All parties must be verified.
Establishing companies, trusts, partnerships, or other entities. Includes all directors, shareholders, trustees, and beneficial owners.
Holding client funds in trust accounts. Verification required before accepting funds. Ongoing monitoring while funds are held.
Acting as nominee director, shareholder, trustee, or in similar fiduciary capacities. Providing registered office or business address services.
Large property deals, complex structures, or transactions involving high-risk jurisdictions. Enhanced due diligence may be required.
Litigation, dispute resolution, family law, wills and estates, employment law, and general legal advice typically do NOT require AML verification unless combined with designated services above.
AML/CTF breaches may not be covered by professional indemnity insurance. Penalties: up to $27.5 million civil or 10 years imprisonment. Protect your practice — verify now.
Everything lawyers need to know about Tranche 2
Start verifying clients now. Be ready for July 1, 2026.