Tranche 2 AML/CTF Compliance

AML/CTF Compliance Platform for Tranche 2

Risk engine · Active monitoring
Risk Assessmentv2.4 effective 14 Feb 2026
Compliance ProgramSynced with live operations
Transaction Monitoring14 active rules
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Risk Insight
2 customers share the same registered address. Occupation flagged as high-risk. Recommend enhanced CDD before proceeding.
5
Sectors
7
Lifecycle Phases
10
Modules
Platform

What We're Building

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Multi-sector AML/CTF compliance — program setup, customer onboarding, risk scoring, monitoring, and AUSTRAC reporting. One platform, five sectors.
Real EstateConveyancersLegal ProfessionAccountingJewellers

Subject to change. This roadmap reflects our current development plan and may evolve as we incorporate industry feedback and regulatory updates.

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We're building LEX AML in close partnership with practitioners. Request updates to follow our progress or provide feedback.

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Knowledge Base

Beginner Guides

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Short, practical guides in plain English. No jargon, no 400-page kits — just what you need to understand and prepare.
View all & FAQ
7 min read
BeginnerMoney Laundering
What Is Money Laundering and Why Should You Care?
Placement, layering, integration — the three stages every professional needs to recognise. With real Australian cases from AUSTRAC's CEO.
Read
8 min read
BeginnerSole Practitioners
Am I Caught? A Plain-English Guide for Small Practices
Not every lawyer, accountant or conveyancer is a reporting entity. Here's how to work out whether the AML/CTF regime applies to your practice — and what to do if it does.
Read
6 min read
BeginnerPrivacy Act
The Privacy Act Trap — Why AML Also Triggers Privacy Obligations
If you're a reporting entity under the AML/CTF Act, you also lose the small business exemption under the Privacy Act. Here's what that means and how to prepare.
Read
7 min read
BeginnerCDD
CDD Doesn't Mean You're a Cop — What AUSTRAC Actually Expects
AUSTRAC's CEO said it plainly: "We don't expect you to be police officers." Here's what Customer Due Diligence really looks like for most practices.
Read
8 min read
BeginnerMyths
Myths, Vendors & What AUSTRAC Won't Do to You
AUSTRAC won't fine you for honest mistakes. Your SMR can't be used in court. And that vendor claiming "AUSTRAC endorsement"? They're lying. Here's the myth-busting session every practitioner needs.
Read
23 frequently asked questions
Real questions from practitioners — covering CDD, SMRs, fines, barristers, privacy, and vendor warnings. Each answer links to its video source.
Getting StartedCustomer Due DiligenceSuspicious Matter ReportingFines & EnforcementBarristers & LitigationPrivacy & Compliance
Video references
Settlement Day Special Update: AML/CTF, AUSTRAC & Tranche 2 Reforms
4 February 2026 · Brendan Thomas, Neil Jeans, Lauren Leathwood + more
Anti-Money Laundering/Counter-Terrorism Financing: Australia's New Regime
17 February 2026 · Justice Payne, Brendan Thomas, Juliana Warner + more
Settlement Day Ep.1: AUSTRAC Chief Unpacks the Changes
6 November 2025 · Brendan Thomas, Jennie Tonner, Shakila Maclean + more
Deep Dives

Technical Articles

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Detailed guides covering legislation, AUSTRAC starter kits, FATF history, and Table 6 line-by-line breakdowns. For compliance professionals.
14 min read
Real EstateAML/CTFAUSTRAC
AUSTRAC's Real Estate Town Hall: What Every Agent Needs to Know Before 1 July 2026
AUSTRAC CEO Brendan Thomas and Deputy CEO Katie Miller hosted Australia's first-ever AML/CTF town hall for real estate professionals. Here is everything they said — from $82B in crime costs to the red flags you must watch for.
Read
12 min read
AML/CTFHarm PreventionRegulatory
From Tick-Box to Harm Prevention: The Shift Every Tranche 2 Entity Must Understand
AUSTRAC has removed the safe harbour. Even if you do everything they told you to do, if a criminal uses your channel, you are still responsible. Here's what that means in practice.
Read
15 min read
AML/CTFStarter KitsAUSTRAC
AUSTRAC's Program Starter Kits: What's Inside and How to Use Them
Five sector-specific kits, four documents each, and a three-step lifecycle. A practical guide to the compliance foundation AUSTRAC built for Tranche 2.
Read
14 min read
lex-amlPlatformCompliance
From Paper to Platform: How lex-aml Turns AUSTRAC's Starter Kits into a Live Compliance System
10 modules, 7 lifecycle phases, and a complete mapping to AUSTRAC's Customise-Use-Maintain framework.
Read
22 min read
AML/CTFTable 6Professional Services
Table 6: The 9 Services That Make Lawyers, Accountants & Conveyancers Reporting Entities
A line-by-line breakdown of every designated service in Table 6 — what triggers it, what doesn't, the exclusions, and how AUSTRAC interprets "assisting" in practice.
Read
18 min read
AML/CTFLegislationRegulatory
The Three Documents That Define Australia's AML/CTF Regime
A plain-English guide to the Act, the Amendment Act, and the Rules — the three foundational documents every Tranche 2 reporting entity needs to understand before 1 July 2026.
Read
12 min read
CDDAML/CTFAUSTRAC
Customer Due Diligence Explained: A Plain-English Guide for New Reporting Entities
What CDD actually means, the four types you need to know, how to rate customer risk, and key terms every compliance officer must understand.
Read
10 min read
SMRReportingAML/CTF
How to Write a Quality Suspicious Matter Report: AUSTRAC's Own Guidance Explained
What makes an SMR valuable to AUSTRAC, what to include, what to avoid, and why reporting a suspicion is always the right call — even when you're not sure.
Read
9 min read
BullionPrecious MetalsAML/CTF
AML/CTF Compliance for Precious Metals Dealers: What AUSTRAC Expects
AUSTRAC's sector-specific findings for bullion dealers — the risks unique to this industry, common compliance gaps, and what good practice looks like.
Read
10 min read
GamblingSupervisionAML/CTF
What AUSTRAC Found in the Gambling Sector: Key Lessons for AML/CTF Compliance
Casino and bookmaker supervision findings reveal the most common AML/CTF failures — weak risk assessments, poor ECDD, and low SMR quality.
Read
10 min read
SupervisionComplianceAML/CTF
AUSTRAC's Cross-Industry Supervision Findings: The Most Common AML/CTF Failures
Across every sector AUSTRAC supervises, the same problems keep appearing. Here are the most common compliance failures — and how to make sure your business avoids them.
Read
10 min read
RemittanceSupervisionAML/CTF
AML/CTF Compliance for Remittance Providers: AUSTRAC's Sector Findings Explained
AUSTRAC's supervision campaign revealed serious gaps in how remittance businesses meet their obligations. Key findings on SMRs, KYC, ECDD, and IFTI reporting.
Read
20 min read
AML/CTFRegulatory
How a Global Report Card Exposed Australia's Billion-Dollar Blind Spot
An accessible guide to understanding why Australia is overhauling its anti-money laundering laws, what went wrong, and what happens next.
Read
25 min read
AML/CTFTranche 2Regulatory
Why Your Real Estate Agent, Lawyer & Accountant Now Have to Ask Where Your Money Comes From
A plain-English guide to FATF, Australia's AML/CTF reforms, and why 90,000 businesses must now fight money laundering.
Read
From AUSTRAC's Own Webinars

What AUSTRAC Actually Said

These articles summarise AUSTRAC's own published webinars — town halls, sector forums, and essentials series. Key messages, supervision findings, red flags, and Q&A answers. All sourced and linked back to the original.

14 min read
Real EstateAML/CTFAUSTRAC
AUSTRAC's Real Estate Town Hall: What Every Agent Needs to Know Before 1 July 2026
AUSTRAC CEO Brendan Thomas and Deputy CEO Katie Miller hosted Australia's first-ever AML/CTF town hall for real estate professionals. Here is everything they said — from $82B in crime costs to the red flags you must watch for.
Source: Real Estate Town Hall — 19 Nov 2025Read
12 min read
CDDAML/CTFAUSTRAC
Customer Due Diligence Explained: A Plain-English Guide for New Reporting Entities
What CDD actually means, the four types you need to know, how to rate customer risk, and key terms every compliance officer must understand.
Source: CDD Essentials Webinar — Feb 2026Read
10 min read
SMRReportingAML/CTF
How to Write a Quality Suspicious Matter Report: AUSTRAC's Own Guidance Explained
What makes an SMR valuable to AUSTRAC, what to include, what to avoid, and why reporting a suspicion is always the right call — even when you're not sure.
Source: SMR Guidance Webinar — Aug 2018Read
9 min read
BullionPrecious MetalsAML/CTF
AML/CTF Compliance for Precious Metals Dealers: What AUSTRAC Expects
AUSTRAC's sector-specific findings for bullion dealers — the risks unique to this industry, common compliance gaps, and what good practice looks like.
Source: Bullion Sector Forum — Jul 2025Read
10 min read
GamblingSupervisionAML/CTF
What AUSTRAC Found in the Gambling Sector: Key Lessons for AML/CTF Compliance
Casino and bookmaker supervision findings reveal the most common AML/CTF failures — weak risk assessments, poor ECDD, and low SMR quality.
Source: Gambling Sector Forum — Jul 2025Read
10 min read
SupervisionComplianceAML/CTF
AUSTRAC's Cross-Industry Supervision Findings: The Most Common AML/CTF Failures
Across every sector AUSTRAC supervises, the same problems keep appearing. Here are the most common compliance failures — and how to make sure your business avoids them.
Source: General Forum — Jul 2025Read
10 min read
RemittanceSupervisionAML/CTF
AML/CTF Compliance for Remittance Providers: AUSTRAC's Sector Findings Explained
AUSTRAC's supervision campaign revealed serious gaps in how remittance businesses meet their obligations. Key findings on SMRs, KYC, ECDD, and IFTI reporting.
Source: Remittance Sector Forum — Jul 2025Read

All articles are based on publicly available AUSTRAC educational content. Original sources are linked within each article. lex-aml is not affiliated with AUSTRAC.