AML SoftServe

Tranche 2 software & services

Tranche 2 compliance software for Australian reporting entities

AML SoftServe is Tranche 2 compliance software and a managed compliance service in one. It gives Australian accountants, lawyers, conveyancers, real estate agents and buyers’ agents everything they need to meet their AUSTRAC AML/CTF obligations from 1 July 2026.

What changed on 1 July 2026

The Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 — the Tranche 2 reforms — brought a wide range of professions under AUSTRAC's AML/CTF regime. Enrolment opened 31 March 2026 and obligations commenced 1 July 2026. If your practice provides designated services, you are now a reporting entity and need software and processes to comply.

What the Tranche 2 platform covers

One compliance platform that covers every Tranche 2 obligation, from your AML/CTF program through to reporting to AUSTRAC.

  • AML/CTF Program tailored to your profession
  • Risk Mitigation Plan (RMP) and business risk assessment
  • Customer Due Diligence (CDD) and Enhanced CDD (EDD) workflows
  • KYC and KYB identity verification
  • PEP, sanctions and proliferation-financing screening
  • Ongoing monitoring and re-verification
  • Staff AML/CTF training with completion tracking
  • AUSTRAC enrolment guidance and aligned reporting
  • 7-year audit trail and secure document storage

Need people, not just software? Our compliance services for Tranche 2 put a Compliance Officer and our team behind the platform to run your case work.

Your Tranche 2 obligations

01

Enrol with AUSTRAC

Reporting entities must enrol with AUSTRAC. We guide you through enrolment and keep your details current.

02

AML/CTF program & risk assessment

You need a documented program and a risk assessment of your business. The platform generates and stores both.

03

Customer due diligence

Verify who your customers are, screen them, and apply enhanced checks where the risk is higher — before providing a designated service.

04

Report and keep records

Submit suspicious matter and threshold reports to AUSTRAC and retain records for seven years. The platform tracks it all.

Who Tranche 2 covers

Accountants and bookkeepers providing designated services
Lawyers and conveyancers
Real estate agents
Buyers’ agents
Trust and company service providers
Dealers in precious metals and stones

Tranche 2 software pricing

Self-serve plans start at $0/month with per-check KYC/KYB rates, or our team runs case work for you on the fully managed track. Use the plan calculator on the pricing page to find the cheapest option for your volume.

See pricing

The 29 July enrolment deadline has passed.

Enrolment is open and obligations are in force. Get the Tranche 2 compliance software and services your practice needs — see how it applies to accountants, real estate agents and buyers' agents, or read our AML software overview.

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