Are accountants covered by AUSTRAC Tranche 2?

Yes. Accountants and trust-and-company service providers are regulated when they provide designated services such as managing client money, forming companies or trusts, or acting as a registered agent.

What is a designated service for an accountant?

A specific service listed in the AML/CTF rules, such as managing a client's money or assets, arranging the formation of a company or trust, or acting as a registered office or nominee. Providing one brings you into scope.

Do I need a compliance background?

No. Senly AML operates AUSTRAC's official accounting starter kit and walks you through each obligation step by step.

How much does it cost?

A$29 a month per seat, with the platform fee waived for your first 30 days. Online ID checks are pay-as-you-go on top.

For accountants and TCSPs

AML compliance for accountants, quietly handled.

Accountants and trust-and-company service providers are now regulated under AUSTRAC Tranche 2 for a range of designated services. Senly AML runs AUSTRAC's accounting starter kit so you can stay compliant without a compliance team.

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Acme Conveyancing Pty Ltd

Onboarded today

RISK LOW

Identity verifiedKYC
Business ownership confirmedKYB
DFAT & UN sanctionsClear
PEP & adverse mediaClear

Evidence logged · Encrypted · 7 yrs

AUSTRAC starter kitData in AustraliaDFAT screening7-year records

Are you in scope?

Accountants and AUSTRAC Tranche 2

You are in scope when you provide designated services such as managing client money, arranging or acting in the formation of a company or trust, acting as a registered office or nominee, or similar professional services listed in the AML/CTF rules.

Fits the services you actually provide

Multi-select the designated services you offer at onboarding and Senly AML shapes your program to match, so you carry the obligations that apply to your practice and nothing you do not.

The official source is AUSTRAC.

Everything AUSTRAC expects, in one place.

Senly AML runs AUSTRAC's accountants starter kit end to end, so a small team can meet the same obligations as a large firm.

Enrol with AUSTRAC

Know if and when you must enrol, and keep your details current.

Appoint an AML/CTF compliance officer

Record your AMLCO and their responsibilities.

Build your AML/CTF program

Adopt AUSTRAC's starter kit for your sector and tailor the risk assessment.

Verify your customers

Run customer due diligence, with KYC and KYB and sanctions screening built in.

Screen and monitor

Automatic DFAT sanctions and PEP screening on every customer, kept current.

Report when required

Draft suspicious matter, threshold transaction and annual reports ready to submit.

Train your staff

Assign and track AML/CTF training across your team.

Keep records for seven years

Tamper-evident, encrypted records ready for an AUSTRAC review.

Accountants: your questions, answered.

Are accountants covered by AUSTRAC Tranche 2?: Yes. Accountants and trust-and-company service providers are regulated when they provide designated services such as managing client money, forming companies or trusts, or acting as a registered agent.
What is a designated service for an accountant?: A specific service listed in the AML/CTF rules, such as managing a client's money or assets, arranging the formation of a company or trust, or acting as a registered office or nominee. Providing one brings you into scope.
Do I need a compliance background?: No. Senly AML operates AUSTRAC's official accounting starter kit and walks you through each obligation step by step.
How much does it cost?: A$29 a month per seat, with the platform fee waived for your first 30 days. Online ID checks are pay-as-you-go on top.

Get AUSTRAC ready, calmly.

From A$29 per month per seat. Platform fee waived for 30 days.

See pricing