Solutions
Built for the firms carrying new obligations
Tranche 2 extended Australia’s AML/CTF regime to professions that had never dealt with a financial regulator. Neurona fits the way each of them works.
The regime
Roughly 80,000 to 100,000 firms were newly regulated
AUSTRAC’s own estimate is around 80,000 newly captured reporting entities; industry counts run closer to 100,000 – roughly six times the pre-existing reporting population.
- newly captured reporting entities
- 80k–100k
- Tranche 2 commencement
- 1 Jul 2026
- avg annual compliance cost per firm
- $23,250
The core obligations
A reporting entity picks up a standing set of duties. They do not go away in a bad quarter.
Enrol
Register with AUSTRAC. Free, but mandatory – and late enrolment attracts a daily penalty.
AML/CTF program
A written program (Parts A and B) setting out how the firm assesses and manages its money-laundering risk. Specific to the firm, not a template.
Customer due diligence
Verify who the customer really is – and for companies and trusts, who beneficially owns or controls them.
Screening
Check customers against sanctions lists and PEP lists – politically exposed persons carry elevated corruption risk.
Ongoing monitoring
Keep watching the relationship. The obligation firms most consistently underestimate – it never ends.
Suspicious matter reports
Report to AUSTRAC when something looks wrong. Telling the customer you filed one is “tipping off” – a criminal offence.
Records
Seven years, retrievable and defensible on request.
Compliance officer
A named, fit-and-proper person accountable for the program.
By industry
- Legal practices
- Accounting firms
- Conveyancers
- Real estate agents
- Trust & company service providers
- Precious metals dealers
- Government & Defence
- Financial services
Legal & conveyancing
Client due diligence, matter-file review and ongoing monitoring across every client you act for.
Accounting practices
Enrolment support, a firm-specific program and ongoing CDD that doesn’t scale with headcount.
Government & Defence
On-premise, air-gapped deployment of open-weight models on client-controlled infrastructure.
Financial services
AI governance and assurance evidence for APRA-regulated entities and the vendors who supply them.
See an agent do the work an incumbent tool only records.
Book a short demo, or start a conversation with the Neurona AI right now.