When lawyers hear the phrase “money laundering”, the instinctive image is often dramatic and obvious: suitcases of cash, offshore shell companies or clients behaving in ways that immediately trigger alarm bells.

Tranche 2 preparation isn’t about copying bloated AML manuals or ticking boxes. A defensible AML framework starts with a clear, standalone risk assessment that informs proportionate, practical policies. Learn what regulators will expect and how law firms can prepare calmly, clearly and strategically for 1 July 2026.

There are no blanket exemptions coming for Tranche 2 professions. Law firms, accountants and real estate professionals are not being carved out of the regime. Suggestions otherwise are wishful thinking, not policy.

There’s been growing speculation across the AML community about delays to Australia’s AML/CTF reforms, with some commentary suggesting enforcement could slip as far as 2029. This has understandably caused confusion for lawyers, accountants, conveyancers and real estate professionals. In this blog, we separate fact from fiction, explain where the delay rumours are really coming from, clarify the difference between Tranche 1 and Tranche 2, and outline why Tranche 2 is still ver

Five simple ways you can explain the AML reforms to your clients, including free download.

A clear, practical explanation of simplified, standard and enhanced due diligence for Australian lawyers preparing for AML/CTF reforms.

How to spot red flags before you open a file in your law firm

Amy Bell's blog on Getting Client Due Diligence Right from day one when it comes to Tranche 2 lawyers

AML Sorted explain what the FATF is and how it influences Tranche 2 and Australia.

AMLS give an the FATF jurisdiction update in this article from December 2025

AMLCO means anti-money laundering compliance officer. What does this role mean for law firm compliance?

AML Sorted have considered AUSTRAC's August AML Update and give their practical thoughts on what to do now

Rhiannon Davies from AML Sorted explains AUSTRAC's Tranche 2 August 2025 updates and what's changing, why it matters and the practical steps you can take now to be ready by July 2026.

What is the risk-based approach when it comes to AML and CTF requirements from AUSTRAC

What does legal professional privilege mean when it comes to filings suspicious matter reports (SMRs)

Rhiannon Davies, an AML Compliance specialist at AML Sorted, tells us what the $15 million money laundering case tells us about the future of our legal profession

Simon Harbord writes about Tranche 2 and the impact of International Sanctions

Amy Bell and Rhiannon Davies give their executive summary on the urgency of engagement for legal professionals in line with AUSTRAC's second AML/CTF Consultation

Electronic Verification Systems: What They Can (and Can’t) Do

Amy Bell explains the difference between source of funds and source of wealth