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Do the new AML rules apply to your business?

Since 1 July 2026, many Australian real estate agencies, accountants, lawyers and conveyancers have anti-money laundering obligations under Tranche 2. Find out where you stand in about five minutes.

Start the free check Who it applies to
  • Based on AUSTRAC guidance
  • Free, no sign-up
  • Nothing you enter is stored
Example result

Your AML health check

5out of 8 in place
  • Enrolled with AUSTRACIn place
  • Written risk assessmentMissing
  • Written AML/CTF programNot sure
  • Customer ID and sanctions checksIn place

The check

Answer a few questions about the services you provide. You'll see your result straight away.

What kind of business are you?

Choose the closest match.

Step 1 of 3

Who the rules apply to

The rules follow the services you provide. Some common examples from AUSTRAC's guidance:

Real estate agents

Usually caught

  • Selling or buying property for clients, including as a buyer's agent
  • Developers selling with their own staff
  • Leases longer than 30 years

Usually not caught

  • Property management or leasing only (30 years or less)

Accountants

Usually caught

  • Setting up companies, trusts or SMSFs
  • Providing a registered office address
  • Acting on the sale of a business

Usually not caught

  • Tax returns and tax advice on their own

Lawyers

Usually caught

  • Property transactions
  • Setting up companies and trusts
  • Holding client money for a transaction

Usually not caught

  • Litigation only
  • Wills, including testamentary trusts

Conveyancers

Usually caught

  • Acting on a purchase, sale or transfer, even a family transfer for no money
  • Holding deposits in trust

Usually not caught

  • Preparing leases of 30 years or less only

Full lists: AUSTRAC's guidance on real estate and professional designated services.

Key dates and deadlines

The dates that matter for newly regulated businesses.

  1. 1 July 2026

    AML/CTF obligations start for Tranche 2 businesses.

  2. 29 July 2026

    Enrolment deadline for businesses already providing designated services.

  3. Within 28 days

    Enrol with AUSTRAC after you start providing a designated service.

  4. Within 3 business days

    Report a suspicious matter to AUSTRAC (24 hours if it relates to terrorism financing).

  5. 7 years

    How long to keep records of customer checks and transactions.

Dates can change. Always check AUSTRAC's guidance.

Common questions

What is Tranche 2?

Tranche 2 is the extension of Australia's anti-money laundering and counter-terrorism financing (AML/CTF) laws to more types of business, including real estate agents, lawyers, accountants and conveyancers. Their obligations started on 1 July 2026.

How do I know if the AML rules apply to my business?

It depends on the services you provide, not your job title. Selling property for clients, or setting up companies and trusts, is regulated. Tax returns, or residential property management on its own, is not. AUSTRAC lists the regulated services, which it calls designated services.

What do I need to do if the rules apply?

In short: enrol with AUSTRAC, assess your money laundering risks, put a written AML/CTF program in place, name a compliance officer, check your customers, train your staff, report suspicious matters and keep records. AUSTRAC publishes free starter kits for each sector.

I missed the enrolment deadline. What now?

Enrol as soon as you can. Businesses that start providing a designated service must enrol with AUSTRAC within 28 days. AUSTRAC explains how to enrol.

Is this legal advice?

No. It's general information based on AUSTRAC's published guidance. If you're unsure, check AUSTRAC's guidance or speak to a professional.

Questions and feedback

Email contact@theamlhealthcheck.com. We read every message, but we can't give advice about your specific business. For that, check AUSTRAC's guidance or speak to a professional.