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From 1 July 2026, Australian law firms and conveyancers will face mandatory AML/CTF obligations under AUSTRAC’s Tranche 2 reforms. A core requirement is collecting, verifying and recording client information to meet customer due diligence standards.
Our FREE AML Data Collection Tool makes compliance simple. Capture everything you need: client type, source of funds, area of practice, jurisdiction, and more, in one secure, automated system. Start building accurate records now, so you’re ready when Tranche 2 comes into force.
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Register below today to start using the tool immediately!
Why AML Data Collection Matters
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Under Tranche 2, firms must be able to demonstrate that they:
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Understand the risks associated with their clients, matters, and transactions;
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Use this information to inform their Firm Wide Risk Assessment; and
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Maintain accurate, structured records to satisfy AUSTRAC and other regulators.​
This goes beyond individual client due diligence. It’s about the bigger picture - knowing your overall AML risk exposure.
How Our Data Collection Tool Works
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Every time you open a matter, simply input a few key details. The tool will automatically generate a clear, easy-to-read report that gives you:
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Granular insights into client type, geography, products & services, delivery channels, and transaction risks
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Structured data ready to feed directly into your Firm Wide Risk Assessment
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A clear view of your AML risk profile to evidence compliance and satisfy regulators
With this data at your fingertips, you can accurately assess your firm’s risk and build a stronger compliance program.
What Happens Next?
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Start with our FREE Data Collection tool now!
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You can upgrade later to the full version of our AML Sorted Portal, which will:
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Draft your Firm-Wide Risk Assessment using your data
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Develop your AML Policy
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Deliver essential training for your team
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To find out more about the full version of our AML Sorted Portal, click the link below.
Get Started With The FREE AML Data Collection Tool Today
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It’s free, simple, and built for Australian legal professionals.
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Register below to access the FREE AML Data Collection Tool and make sure your firm is ready for Tranche 2.
