Articles
AML/CTF guides for Tranche 2 businesses
Written guides that quote the Act and the Rules, with the source for every point. Start with the regime, or go straight to the service your business provides.
Start here
The regime
- Tranche 2: who is covered and what to do nowWho the reforms reach and the obligations that follow.
- Section 6: every designated service, by tableAll six tables, and how to find the item that matches your work.
- Table 6: the nine professional designated servicesEvery item verbatim, who the customer is, and the exclusions.
- The AML/CTF Act 2006, Part by PartWhat each Part of the Act does, in its own words.
- Customer due diligence: the four typesInitial, ongoing, simplified and enhanced CDD under the Act.
- AUSTRAC starter kits, document by documentWhat is in all five kits and how to adopt one.
- The AML/CTF programThe risk assessment and policies, and how the program operates.
13 guides
One guide per designated service
Each guide quotes the service, says who the customer is, and sorts real work into caught and not caught.
Professional services · Table 6
- T6 · i1ConveyancingEvery step of a settlement, and how CDD differs from the VOI you already do.
- T6 · i2Selling a businessWhen a company or trust changes hands.
- T6 · i3Client moneyHolding or controlling someone else’s money or property in a transaction.
- T6 · i4Equity and debt financingRaising money for a company or legal arrangement.
- T6 · i5Shelf companiesSelling or transferring a company created to be sold.
- T6 · i6Company and trust formationCreating or restructuring a company, trust or partnership.
- T6 · i7Director and trustee rolesActing as, or finding someone to act as, a director, trustee or attorney.
- T6 · i8Nominee shareholdersHolding shares in your name for somebody else.
- T6 · i9Registered officeLetting a client use your address as their registered office.
Real estate · Table 5
Lex-AML supports compliance workflows and record keeping. It does not provide legal advice, does not guarantee compliance, and does not replace professional judgement or advice from a qualified AML/CTF adviser or legal professional.