AML/CTF Compliance Workflow for Tranche 2 Entities
A conceptual workflow mapping the typical Customer Due Diligence (CDD) process for Tranche 2 entities (lawyers, accountants, real estate professionals, conveyancers) under the AML/CTF Act 2006 and AML/CTF Rules 2025.
Important Disclaimer
This workflow is a conceptual representation developed through technical study of the AML/CTF legislation and rules. It is for educational and illustrative purposes only and does not constitute legal advice. For authoritative guidance, please consult AUSTRAC directly or seek qualified legal advice. If you have feedback or corrections, please contact sumit@getpostlabs.io.
Interactive Compliance Workflow
Click on any step to see detailed explanation, legal references, and requirements.
Phase 1: Customer Onboarding
Phase 2: Verification & Screening
Phase 3: Risk Assessment & Approval
Phase 4: Service Delivery & Monitoring
Suspicious Activity (Can occur at ANY stage)
If you suspect money laundering or terrorism financing at any point, escalate immediately. Do NOT tip off the customer.
Key Reporting Timeframes
Integration Architecture
A compliance platform needs to integrate with various government and commercial systems including AUSTRAC Online, DVS, ASIC, ABR, PEP/sanctions databases, and identity verification providers.
Official References
AUSTRAC Resources
About This Analysis
GetPost Labs conducted this technical study to understand the AML/CTF compliance requirements for Tranche 2 entities. We are developing RegTech solutions to help lawyers, accountants, real estate professionals, and conveyancers meet their obligations from 1 July 2026.
This workflow represents our interpretation based on publicly available legislation and AUSTRAC guidance. For official guidance, please visit austrac.gov.au.