AML/CTF Amendment Act 2024

Is Your Firm Ready for July 2026?

The incoming reforms bring critical new obligations for professional services. Stop manual workflows and automate your entire process with AML.1ClickAI Agentic AI.

Step 1: Enrolment
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Step 2: July 1 — Commencement
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Step 3: July 29 — Deadline
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Unsure if Tranche 2 applies to you?

Not all professional services are automatically regulated. Determining your status is the crucial first step.

AUSTRAC AML/CTF Reform — Check if you are impacted

The 6 Core Obligations

Tranche 2 requires a systemic approach to financial crime prevention. Understand what AUSTRAC expects.

01

Enrolment

Registering your business details and designated services with the AUSTRAC regulatory database.

02

Compliance Officer

Appointing a dedicated AML/CTF compliance officer at management level to oversee the program.

03

Risk Program

Developing and maintaining a documented AML/CTF program proportionate to your ML/TF risk profile.

04

Customer Due Diligence

Executing KYC procedures, verifying beneficial ultimate owners, and monitoring high-risk clients (CDD/EDD).

05

Reporting

Submitting Suspicious Matter Reports (SMRs) and Threshold Transaction Reports (TTRs) within strict legal timeframes.

06

Record Keeping

Maintaining robust customer identification and transaction records for a minimum of 7 years.

The AML.1ClickAI Solution

Turn Compliance into a Competitive Advantage

KYC Automation

1-Click Onboarding & Refresh

Automated identity verification and KYC checks pulling directly from authoritative government databases.

  • Instant ASIC ABN/ACN lookups
  • Beneficial owner mapping
  • Indicative risk-scoring
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Instant ASIC ABN/ACN lookups✓ Live
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Indicative risk-scoring✓ Live
AI-Powered

Agentic Risk Reasoning

AI-driven risk scoring that constantly adapts to new typologies and dynamically updates client risk ratings.

  • Dynamic risk re-scoring
  • Adapts to new ML/TF typologies
  • AI-driven transactions analysis
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AUSTRAC Compliant

Audit-Ready Reporting

Generate comprehensive board reports and AUSTRAC-compliant documentation with a single click.

  • SMR Report Drafts
  • 1-click Board Reports
  • Record Retention
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SMR Report Drafts✓ Live
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Your Compliance Command Center

Compliance Command Center

Real-time AML/CTF monitoring and intelligence

ACTIVE CASES
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HIGH-RISK ENTITIES
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+0 this week
PENDING KYC REFRESHES
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SLA: 360d 17h
COMPLIANCE SCORE
100%

Risk Distribution

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Low
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Live Feed
4d ago
New customer onboarded: GOOGLE AUSTRALIA PTY LTD
5d ago
KYC check completed: ACME CORP

Why Partner with Patmac Solutions?

Led by an AML, Data, and AI Lead with frontline experience in high-complexity regulatory environments, Patmac Solutions bridges the gap between enterprise-grade reliability and practical automation. Our products, like AML.1ClickAI, are engineered with deep understanding of the intersection of Australian law and cutting-edge Agentic AI.

Adelaide-Based Expertise

Local presence means local understanding. We build reliable solutions tailored specifically to Australian business needs (ABN: 87 696 005 633).

Uncompromising Data Security

Your client data is protected by enterprise-grade encryption. We comply with Australian Privacy Principles and international security standards.

Deep AML Knowledge

Built by risk professionals, for risk professionals. Our AI doesn't just process data; it reasons through complex AML typologies.

Don't Wait Until It's Too Late

Book a personalised demo of AML.1ClickAI today and see how effortless Tranche 2 readiness can be.