AML compliance for accounting practices, done in an afternoon
Generate your AML/CTF program from AUSTRAC’s accountants starter kit, verify clients, trusts and their owners with a link, and keep the evidence. Made for practices without a compliance team.
Which of your services are covered?
Tranche 2 is about the service, not your job title. If any of these apply, you have obligations for that work.
Check against AUSTRAC's designated services list for your sector.
Last checked:
- Creating or restructuring companies and trustsCovered
- Managing client money, accounts or assetsCovered
- Helping clients buy or sell a business or propertyCovered
- Acting as, or arranging, a director, secretary or trusteeCovered
- Providing a registered office or business addressCovered
- Tax returns, BAS and bookkeeping on their ownUsually not covered
You know your clients. AUSTRAC wants it written down.
Trust deeds read for you
Upload the deed; we pull out trustees, appointors and beneficiaries and build the ownership tree.
Import and triage
Bring in your client list; we flag which clients use designated services and need a file first.
One person, three roles
Sole practitioners can hold every governance role. We record each sign-off so it’s clear who approved what.
ASIC data, mapped
Directors and shareholders pulled from the ASIC extract, with anyone owning 25% or more flagged.
Start from where you work
Launch a check from your practice management system, or ask your provider about our partner program.
Pre-filled for you
Client counts, reviews and training records flow into your annual compliance report answers.
“The inherent risk is low because we know our clients already, yet we have to implement a compliance program that is onerous, punitive and unwieldy, for a handful of matters a year.”
That’s exactly who this is for: a light program for low-risk practices, with checks only on the matters that need them.
From enquiry to signed-off client file
- 1
Pick the service
e.g. setting up a family trust. Out-of-scope work is recorded as such.
- 2
Send a secure link
Each director, trustee or owner verifies on their phone in about 3 minutes.
- 3
Review the file
Ownership tree, screening and an AI-drafted risk rationale you can edit.
- 4
Sign off
Decision recorded; re-screening runs daily until the client leaves.
Priced for a small practice
Priced for a small practice: a monthly fee plus a fee per client file. Monthly billing, no 12-month contract. Pricing coming soon — talk to us.
Questions accountants ask
Do I need checks for every existing client?
Only for clients you provide designated services to from 1 July 2026 onward. Import your list and we’ll help you sort which ones need a file and when.
What about SMSFs and family trusts?
Trusts are where most of the work is. Upload the deed and we identify the trustees and beneficiaries, then send each person who needs verifying a link.
Is a tax return a designated service?
Usually not on its own. It becomes relevant when you also do things like set up entities, handle client money or help with a business sale. Check AUSTRAC’s guidance for accountants.
How long does setup take?
Most practices finish the guided program setup in under an hour, then onboard clients as matters come in.
Is your practice ready for an AUSTRAC review?
12 questions, a gap report by email, and the next three things to fix.