Smart Workflow Automation That Works
AI-powered due diligence that cuts case time from 20 hours to 15 minutes — fully auditable, AUSTRAC-ready, and human-in-the-loop by design.
Get compliant before the deadline.
Tranche 2 Reform Impact Guide
Australia's AML/CTF reforms extend obligations to Designated Non-Financial Businesses and Professions (DNFBPs) for the first time. Here's who's affected.
Real Estate
Agents & conveyancers facilitating property transactions
Legal Services
Lawyers managing client funds or property transactions
Accounting
Accountants providing financial management services
Trust & Company Services
Providers forming companies or managing trusts
Precious Metals & Stones
Dealers in high-value goods and luxury assets
Crypto & Digital Assets
Virtual asset service providers (VASPs)
The 6 Core AML/CTF Obligations
Tranche 2 entities must comply with all six of these obligations. Our automation platform handles each one.
Customer Identification & Verification (CIV)
Know Your Customer (KYC) checks at onboarding — verifying identity using government-issued documents and biometric or digital verification methods.
Beneficial Ownership Identification
Identify and verify the ultimate beneficial owners (UBOs) of all legal entities — including trusts, companies, and partnerships.
Ongoing Customer Due Diligence (CDD)
Continuously monitor customer relationships and transactions to detect changes in risk profile throughout the business relationship.
AML/CTF Program Development
Document and implement a board-approved AML/CTF program — including policies, procedures, and controls proportionate to ML/TF risk.
Suspicious Matter Reporting (SMR)
Report suspicious matters to AUSTRAC promptly — with new reforms expanding the scope of what must be reported and by whom.
Record Keeping
Maintain comprehensive records for a minimum of 7 years, including transaction records, customer identification data, and risk assessments.
Human-in-the-Loop by Design
AI assists. Humans decide. Full stop. Every risk classification is reviewed and approved by a qualified compliance officer before action is taken.
Automated document capture from email, portals, and API
Structured data extracted from unstructured documents
Multi-factor ML risk score applied per AUSTRAC guidelines
Compliance officer reviews AI output, approves or escalates
Every decision, timestamp, and action permanently logged
What the AI Does
- Extracts data from documents in seconds
- Cross-references against sanctions lists
- Scores risk using multi-factor ML models
- Flags anomalies and unusual patterns
- Generates draft reports and summaries
What Your Team Does
- Reviews AI findings with full context
- Applies professional judgment to edge cases
- Approves or escalates risk decisions
- Maintains client relationships
- Signs off on all regulatory submissions
Manual vs Automated Workflows
The difference is dramatic — and the business case for smart workflow automation has never been stronger.
Complete Audit Trail. Peace of mind.
When AUSTRAC comes knocking, you'll have everything you need: a complete, immutable record of every decision, every document, and every action — with AI confidence scores preserved alongside human approvals.
Get Compliant Before the Deadline
Book a free Tranche 2 readiness call. We'll assess your current exposure and show you exactly what's needed to be ready by July 1, 2026.