AML/CTF Tranche 2 Hub
AML Hub for Accountants & Tax Advisors — Powered by My Databoss
From company formations to cross-border tax planning — stay compliant without drowning in paperwork.
Why Accounting Firms Are Now in Scope
Tranche 2 brings accountants & tax advisors into AUSTRAC regime from 1 July 2026
Accounting and tax practices that provide “designated services” — for example:
Setting up companies or trusts (TCSP-type services),
Managing client funds or escrow accounts,
Advising on complex financial transactions or structures that move client money —become “reporting entities.”
You must:
Enrol with AUSTRAC within 28 days of first providing a designated service.
Implement a written AML/CTF Program (Part A & Part B).
Perform Customer Due Diligence (CDD/KYC) on every client and beneficial owner before you act on their instructions.
Monitor clients & report suspicious activity: file Suspicious Matter Reports (SMRs), Threshold Transaction Reports (TTRs ≥ A$10 000 cash) and International Funds-Transfer Instructions (IFTIs) where relevant.
Keep records for 7 years & train all staff.
Penalties: AUSTRAC can impose multi-million-dollar civil fines and pursue personal liability for Partners / Compliance Officers in serious breaches.
Ready to get started?
The Five Biggest Risk Areas for Accountants
Typical higher-risk scenarios:
Client asks to set up multi-layer off-shore trust or company structure with no clear commercial purpose.
Third-party payments through your client account (placement risk).
High-risk-jurisdiction clients moving funds into Australia.
Politically Exposed Persons (PEPs) or relatives using your services to channel wealth.
Large cash deposits (≥ A$10 000) for professional-fees or asset purchases.
Red-Flag Awareness: These examples come from AUSTRAC’s Gatekeeper-Sector Risk Assessment and our own Risk-Assessment Template. The full Accounting-Sector Red-Flag Checklist is taught in our e-learning and supplied in the Compliance Guide provided at the implementation session.
See how WE CAN HELP WITH AML/CTF Compliance
Putting the Pieces Together
Step 1 — Risk Assessment (Free Download)
Start with our Accounting-sector Risk-Assessment Excel Template to map out customer-types, services, delivery-channels, geographies and transaction risks for your practice.
Template to map out customer types, geographies, delivery-channels and transaction risks for your agency.
Step 2 — Sector-Specific Compliance Guide (Unlocked via Free Implementation Session)
Book a 30-min session → our specialist walks you through your risk-profile and hands you the Accounting AML/CTF Compliance Guide with pre-filled Part A & Part B sections
Step 3 — Activate Platform + Training
Staff complete our AUSTRAC-aligned e-learning (launch Nov 2025) → you switch-on My Databoss workflows: digital-ID → auto-risk-tier → custom EDD → audit-ready records.
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See how AML/CTF fits seamlessly into an accounting engagement in My Databoss
Daily Compliance in Practice
Open file and invite customer to secure portal.
Digital-ID + biometric check (100-point ID, liveness detection & biometric-match.
Platform auto-screens PEP / Sanctions / Adverse-Media and assigns Risk-Tier.
High-Risk client (e.g. off-shore trust setup) auto-requires EDD form + Compliance-Officer approval before fees accepted or work commences.
All CDD/EDD reports & supporting docs auto-stored 7 years. Dashboards feeds Internal reporting. Keep your firm audit-ready always
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Learining HUB
Resources & Learning
[ AUSTRAC – Tranche 2 Reforms Overview ]
[ AUSTRAC – Sector-Specific Guidance ]
AUSTRAC – Red-Flag Indicators for Gatekeeper Sectors
Preview AUSTRAC-Aligned E-Learning Course (launch Nov 2025)
Why Accounting Firms Choose My Databoss
Integrated Everything- Risk-Assessment + Guide + Training + KYC workflows + Board-reporting — all in one secure portal.
Real-Estate-Ready- Designed for property-sales workflows: aligns with agency trust-accounts, settlement processes and supports high-volume onboarding
Audit-Ready in Minutes- Version-controlled program docs, risk-logs, SAR register, training register. Ready for AUSTRAC inspection.
Start your AML/CTF journey today — protect your practice and your clients.
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