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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.
Register below today to start using the tool immediately!
Why AML Data Collection Matters
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
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?
Start with our FREE Data Collection tool now!
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
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
It’s free, simple, and built for Australian legal professionals.
Register below to access the FREE AML Data Collection Tool and make sure your firm is ready for Tranche 2.
