Accountants & Advisors
Streamlined Compliance for Financial Professionals
Accountants and financial advisors are the gatekeepers to the Australian financial system. While your firm is already highly adept at navigating tax laws and ASIC regulations, the Tranche 2 expansion adds a completely new, mandatory layer of anti-money laundering risk management to your daily operations.
When Do the Rules Apply to You?
Accountants and advisors become Reporting Entities when providing designated services, including:
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Managing client funds, securities, or other assets.
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Providing advice or assistance in buying or selling business entities.
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Creating, operating, or managing legal persons or arrangements (such as setting up companies, trusts, or Self-Managed Super Funds).
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Acting as (or arranging for someone to act as) a nominee director, nominee shareholder, or trustee.
The Operational Impact on Your Agency
You must now evaluate your clients not just for tax compliance, but for money laundering and terrorism financing risks:
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Unmasking Beneficial Owners: When setting up a new corporate structure or trust for a client, you are legally obligated to verify the identity of the individuals who ultimately control it.
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Ongoing Monitoring: You must actively monitor your ongoing advisory relationships, ensuring that a client's financial transactions remain consistent with what you know about their legitimate business operations.
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Record Keeping: Strict, secure, and easily auditable records of your Customer Due Diligence (CDD) processes must be maintained for seven years.
The AML Partners 360 Solution
You need a system that works as logically as you do. AML Partners 360 delivers fixed-fee, outcome-based compliance packages. We provide the operational toolkits—including risk registers, KYC templates, and suspicious matter reporting workflows—so your firm can seamlessly integrate AUSTRAC's 2026 requirements into your existing client advisory and onboarding processes, leaving you free to focus on your clients' financial success.