AML/CTF Implementation Resource
Practical implementation guides for Australian law firms, conveyancers, and real estate agents — from program generation to AUSTRAC audit readiness.
8 articles
Page 1 of 2
The AML/CTF Annual Review: What You Must Do and When
Every Tranche 2 entity must conduct an annual review of their AML/CTF program under s.162 of the AML/CTF Act. This guide explains what the review must cover, how to document it, and what AUSTRAC expects.
Suspicious Matter Reports: When to File and What to Include
Filing a Suspicious Matter Report (SMR) is a legal obligation under the AML/CTF Act. This guide explains what triggers an SMR, how to prepare one, and the tipping-off prohibition that applies once you file.
MLRO Responsibilities: What the Role Actually Requires
Every Australian firm regulated under Tranche 2 must appoint a Money Laundering Reporting Officer. This guide covers the legal obligations, day-to-day duties, and what happens when the MLRO gets it wrong.
AML/CTF Staff Training: What AUSTRAC Requires and How to Evidence It
Annual AML/CTF training is mandatory for all staff in roles with compliance exposure. This guide explains what the training must cover, how to document attendance, and what AUSTRAC looks for in an audit.
What to Expect When AUSTRAC Audits Your Firm
AUSTRAC has broad audit powers and actively exercises them. This guide explains what an AUSTRAC examination involves, what documentation you need ready, and how firms with strong compliance posture handle the process.
What Happens If You Miss the Tranche 2 AML/CTF Deadline?
The Tranche 2 AML/CTF deadline is July 1, 2026. Australian law firms, conveyancers, and real estate agents who fail to comply face civil penalties up to $23 million per contravention. This guide explains the penalty regime, AUSTRAC enforcement history, and what to do now.
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