AUSTRAC Tranche 2 — Obligations active 1 July 2026

Is your business ready for Australia's new AML laws?

New federal compliance obligations now apply to five business sectors. The enrolment deadline is July 29. Most businesses haven't started.

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1 July 2026
Obligations commenced
|
29 July 2026 28 days
AUSTRAC enrolment deadline
|
10 December 2026
Privacy Act disclosure deadline

Does this apply to your business?

The Australian Transaction Reports and Analysis Centre — AUSTRAC — now regulates five new business sectors under Australian federal law. If your business operates in any of the following, you have legal compliance obligations from 1 July 2026.

Jewellers and precious metals dealers

Real estate agents and buyer's agents

Accountants and bookkeepers

Licensed conveyancers (NSW)

Bullion and gold dealers

Missing the July 29 enrolment deadline is a civil penalty offence under federal law — independent of any other compliance failure. Penalties reach $33.5 million per contravention for companies and $6.7 million personally for individuals.

Your eight core obligations

1
Enrol with AUSTRAC OnlineRegister as a reporting entity before 29 July 2026. Non-enrolment is itself a civil penalty offence.
2
Appoint a Compliance OfficerA senior person formally responsible for your AML/CTF program — notified to AUSTRAC within 14 days of appointment.
3
Complete a written Risk AssessmentDocument your specific money laundering risks by service type, customer profile and transaction method.
4
Build your AML/CTF ProgramWritten policies and procedures approved by your senior manager before designated services begin.
5
Implement Customer Due DiligenceVerify who your customers are before providing designated services. Identity checks, sanctions screening, PEP checks.
6
Set up Transaction MonitoringIdentify and document unusual or suspicious transaction patterns including linked transactions and structuring.
7
Suspicious Matter ReportingReport suspected money laundering to AUSTRAC within required timeframes. Mandatory obligation — criminal if omitted.
8
Record keeping and staff trainingAll records retained for a minimum of 7 years. All relevant staff trained and training documented before services begin.

What I do

I am an Anti-Money Laundering Compliance Analyst based on the Gold Coast, Queensland. I work directly with small businesses to build complete, AUSTRAC-ready compliance programs using AUSTRAC's own published templates — customised to your specific business, not a generic document. Your lawyer tells you what you need. I build it and hand it over.

$2,497full payment upfront

Readiness Audit

Full gap analysis of your compliance position against all eight AUSTRAC obligations. Written report with priority action plan. AUSTRAC enrolment completed together during the session. Delivered within 5 business days.

Most popular
$5,997$2,997 deposit + $3,000 on delivery

Full Compliance Build

Complete AML/CTF program built to AUSTRAC requirements. Risk assessment, policies, CDD procedures, staff training, personnel forms and full compliance file delivered via Google Drive within 5-10 business days.

$1,497per month

Compliance Partner

Ongoing monthly compliance support. Program monitoring and updates. Annual effectiveness review. Priority response to AUSTRAC regulatory changes. For businesses that want compliance managed, not just set up.

AUSTRAC enforcement — the real numbers

AUSTRAC has a demonstrated track record of significant enforcement. These penalties are not hypothetical.

Business Penalty Reason
Westpac $1.3 billion Largest corporate penalty in Australian history — AML/CTF failures
Crown Resorts $450 million Systemic AML/CTF program failures
Star Entertainment $150 million AML/CTF program failures
SkyCity Adelaide $67 million Demonstrates enforcement extends well beyond major banks

Maximum penalties under the AML/CTF Act: $33.5 million per contravention for corporations. $6.7 million per contravention personally for individuals.

Act before July 29

Most businesses I am speaking to this week have not started yet. There are 28 days remaining. I can get most businesses sorted in 5 business days — which means this week's conversation is the one that matters.

Call direct 0411 479 911 Email sean@seanmartincompliance.com Book a call Calendly Onboarding form Complete online

Send a message — I'll reply within 2 hours

Or call 0411 479 911 for an immediate response

Sean Martin — Anti-Money Laundering Compliance Analyst | Gold Coast, Queensland
0411 479 911  |  sean@seanmartincompliance.com  |  seanmartinmarketing.com

This website provides general information only. It does not constitute a legal opinion, legal interpretation or legal representation of any kind. Every business's compliance position is unique. To determine your specific obligations visit austrac.gov.au or contact Sean Martin for a Readiness Audit.