Source of wealth checks and AML compliance — automated for conveyancers
Tranche runs forensic source of wealth analysis on every buyer's bank statement, generates your AML/CTF Program Manual, and manages your ongoing compliance obligations — so your practice is audit-ready before settlement, every time.
What the Tranche 2 reforms mean for conveyancing practices
Conveyancers are at the centre of property transactions — which means you are at the centre of AUSTRAC's Tranche 2 reforms. The obligations go beyond KYC; they require documented source of wealth analysis on every buyer, every settlement.
Source of wealth verification on every buyer
From 1 July 2026, conveyancers must verify not just who the buyer is, but where their funds came from. For every residential and commercial settlement, you need documented evidence — not a signed declaration, but a reviewed and filed compliance artefact showing the analysis was performed.
Trust account obligations under AML/CTF
Conveyancers holding trust account funds are directly in scope. Your AML/CTF program must document how trust account receipts are monitored for suspicious activity, how large deposits are reported, and how records are retained for 7 years — obligations that run alongside your existing trust accounting licence conditions.
Geographic risk from overseas purchasers
Overseas buyers and foreign-sourced funds carry a mandatory elevated geographic risk rating under AUSTRAC guidance. If your practice handles properties in areas with high foreign investment, every overseas purchaser triggers Enhanced Due Diligence — with documentation requirements that exceed standard identity verification.
Compliance at settlement speed, without the manual work
Forensic bank statement analysis — per matter, in minutes
Upload a buyer's bank statement PDF. Tranche extracts the transaction table using AWS Textract, performs a mathematical tie-out of opening balance, all deposits, all withdrawals, and the closing balance — flagging any discrepancy to the cent. Any single credit of AUD $10,000 or more is automatically flagged for review. The PDF metadata is audited for signs of post-creation editing by image editors. The output is a compliance artefact PDF ready to file against the matter.
AML/CTF Program Manual tailored to conveyancing practice
The five-step wizard generates a Part A and Part B program document configured to your practice — transaction volumes, client types, geographic exposure including overseas purchasers, and trust account operations. Every clause is grounded in the AML/CTF Act and current AUSTRAC guidance. The program includes EDD procedures if your practice regularly handles overseas buyers or high-value transactions.
Settlement-volume compliance register
Your training register tracks annual AML/CTF training for every staff member. The SMR log records suspicious matter decisions — draft through to submitted — in an append-only format that meets AUSTRAC retention requirements. The compliance calendar surfaces upcoming review cycles and training obligations so nothing lapses between busy settlement periods.
Every obligation covered, from program to settlement
Conveyancers face compliance obligations at both the firm level (program documentation, training, annual review) and the matter level (source of wealth, KYC, trust account monitoring). Tranche covers both without requiring a separate tool for each.
- Part A AML/CTF Program — oversight structure, employee due diligence, training obligations
- Part B AML/CTF Program — customer identification, EDD for overseas purchasers, ongoing monitoring
- Source of wealth analysis with mathematical tie-out — exportable compliance artefact PDF
- Lump-sum detection: deposits of AUD $10,000 or more flagged with TTR documentation prompts
- PDF metadata audit to detect edited or fabricated bank statements
- Client identity verification via Stripe Identity — invite by SMS, status tracked in real time
- Geographic risk classification — overseas purchasers automatically rated and documented
- Trust account monitoring documentation within the AML/CTF program
- Training register with per-staff annual training event records
- Suspicious matter decision log — draft to submitted, immutable on submission
- Annual program review cycle with next review scheduling
- 7-year retention with immutable audit snapshots and compliance artefact ZIP export
Built for conveyancers who need audit-ready compliance without a full-time compliance team
Conveyancing practices run on settlement volume. There is no time between exchange and settlement to manually review bank statements, draft compliance notes, and maintain a training register in a spreadsheet. Tranche is structured around the matter lifecycle — SoW analysis runs per matter, KYC invites go by SMS, and every output is filed against a matter reference so your audit trail is organised by transaction from day one.
The disbursement model means the SoW analysis and KYC check cost can be passed to the buyer at settlement as a standard conveyancing disbursement — alongside search fees and transfer fees. For most practices, Tranche carries no net cost to the firm.
Guides for Australian conveyancers
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Generate your AML/CTF program and run your first source of wealth analysis in under an hour. No credit card required. Founding member pricing is available for conveyancers who register now.
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