AUSTRAC · Commences 1 July 2026 (substantive DNFBP obligations)
AML/CTF Tranche 2.
AML reforms expanding to designated non-financial businesses and professions.
What it is
Tranche 2 brings lawyers, accountants, real estate agents, and high-value dealers under the AML/CTF regime from 1 July 2026. Suspicious matter detection, customer due diligence, and reportable transaction processes must be in place. Fydis flags SMR candidates with reviewable basis, captures compliance officer sign-off per the entity’s AML/CTF Program, and produces the AUSTRAC submission with 7-year retention metadata.
Who it affects
DNFBPs (lawyers, accountants, real estate, dealers in precious metals/stones), plus all existing reporting entities under Tranche 1.
Regulators ask for specifics: the cell, the row, the captured-at hash, the named approver, and the clause a figure answers. Fydis returns those for every figure under AML/CTF Tranche 2.
Coverage by stage
AML/CTF Act s41(1)(f), Reasonable grounds to suspect a matter is reportable, with the basis recorded.Reviewable basis recorded for each flag · evidence chain attached.
AML/CTF Act Part 2 + AML/CTF Rules Chapter 4, Applicable customer identification procedures and CDD record-keeping.CDD record lineage to source registers.
AML/CTF Rules Chapter 8.1 (Part A AML/CTF Program), Compliance officer accountability and SMR review per internal policy.Sign-off log · two-eyes for high-severity, single for low-severity per policy.
AML/CTF Act s116, AML/CTF program records retained for 7 years from when the record is no longer relevant to demonstrate compliance.AUSTRAC submission pack with retention metadata.
Example artefact
What Fydis produces on a real analysis:
Frequently asked
Why is Retrieve stage coverage partial for Tranche 2?
Source-data lineage for non-financial DNFBPs is thinner than for ADIs (real estate agents do not have a GL). We mark this honestly partial until the connector library catches up.
Can Fydis file the SMR?
Fydis produces the SMR draft with full rationale and evidence. The compliance officer reviews and submits via AUSTRAC’s portal, we do not auto-file.
Before the briefing
Score your current outputs against the 12-question audit-readiness checklist. Most teams find a few gaps the first time through. Bring them to the briefing and we will work the AML/CTF Tranche 2 clauses directly.
Open the audit-readiness checklist →
See AML/CTF Tranche 2 on a real analysis.
The live demo runs the pipeline on sandboxed data. No signup. The same chain runs on your data when you book a briefing.