NextGen AML is purpose built for Australian businesses to address complex AML/CTF obligations through smart technology, informed training and expert advice.
The Tranche 2 Clock
Compliance Obligations Begin 1 July 2026.
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Built For New Entrants To The Tranche 2 AML/CTF Obligations
Specific compliance,
built for your business.
NextGen AML translates complex regulatory requirements into practical, sector-specific workflows that fit your daily operations.
Real Estate
Verify buyers, sellers, and entities that manage changing parties mid-transaction and maintain audit-ready records from onboarding to settlement.
Accounting
Apply risk-based controls to designated services, manage beneficial ownership, and maintain AUSTRAC-compliant records across your client engagements.
Conveyancing
Structure KYC/KYB workflows around legal engagements, capture trust and entity information, and stay prepared for audit across complex client structures.
Months of preparation,
One definitive deadline
AUSTRAC compliance is a journey. Whether you are catching up on previous milestones or finalizing your setup, this is the path to being audit-ready by 1 July.
Audit Your Exposure
Identify which of your daily activities qualify as "designated services" and define the scope of the AML/CTF obligations your specific business faces.
Complete a Risk Assessment
The cornerstone of compliance. You must identify, document, and quantify the specific money laundering and terrorism financing risks inherent to your industry and client base.
Register with AUSTRAC
Officially register as a reporting entity. This establishes your business within the regulatory ecosystem and ensures you are correctly identified by the regulator.
Develop a Compliance Program
Formalise your written AML/CTF Program. This is the mandatory "rulebook" that outlines exactly how your business will meet its legal obligations, manage risk, and handle reporting.
Set up a Smart System
Manual spreadsheets won't survive an audit. You need a reliable, automated workflow to collect, verify, screen, and store client information securely and transparently.
Train Your Team
The final hurdle. Everyone in your business, from front-of-house to management, must understand exactly what AML obligations mean for their role.
Operation Live
The obligations begin. Your program is active, your team is trained, and your digital workflows are prepared to capture, evidence, and report as required by AUSTRAC from day one.
Need to fast track urgently?
Our specialists can help you navigate the 1 July deadline with confidence.
Why Choose NextGen AML
Premium compliance capability, built for everyday teams
NextGen AML is a modern AML/CTF compliance organisation supported by a RegTech platform designed to embed compliance into daily operations without enterprise overhead.
Precision by Design
Detail-oriented – Professional
We navigate the granular complexities of the AML/CTF Act with surgical accuracy. Every case, check, document, decision and escalation is captured with discipline.
Human-Centric Compliance
Approachable – Supportive
We remove the regulatory fear factor. Complex AUSTRAC obligations become plain, practical, business-ready workflows under the guidance of a compliance expert.
Targeted Risk Strategy
Specialised – Efficient
We do not believe in “one size fits all”. Our solutions are specifically calibrated to your industry’s unique AUSTRAC risk profile, focusing effort where it matters most.
Integrity-Led Growth
Professional – Forward-looking
We design compliance solutions that scale with your business and support long-term success. Our AML solutions protect your reputation, strengthen client trust and give your business the confidence to grow.
"Technology drives control,
Strategy delivers confidence."
The NextGenAML operating philosophy
Beyond Software
A full-service compliance partner,
not just a platform login.
Tools alone do not produce compliant outcomes. NextGen AML pairs the platform with hands-on advisory services so your team adopts the right workflows, asks the right questions, and stays prepared for audit and regulatory scrutiny.
The Trailblazing System for AML Compliance.
A role driven platform that automates AUSTRAC compliance by integrating KYC/KYB, screening, risk scoring, EDD, monitoring and auditing into your daily workflows.
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Role-based access for Admin, Staff, Compliance Officer, and Auditor
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Configurable risk rules and case routing logic
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Verification and screening integrations
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Subscription and credit-based usage model
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Full audit logs and exportable case records
The expertise that gets compliance right.
A team of compliance practitioners help you interpret obligations, configure the platform to your business model, train your people, and operate the program once it is live.
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AML readiness assessment and gap analysis
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AML/CTF program design and documentation
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Platform configuration to your risk profile
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Staff training tailored to your requirement
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Ongoing monitoring, audit prep, and improvement support
Be ready before AML, compliance becomes urgent.
The businesses that prepare early will have cleaner workflows, trained teams, better records, and stronger confidence the day Tranche 2 obligations begin. NextGenAML helps you get there with a platform and support model built for modern Australian SMEs.
Answers, before you ask.
Who is AUSTRAC?
AUSTRAC (Australian Transaction Reports and Analysis Centre) is Australia’s
financial intelligence unit and the AML/CTF regulator. AUSTRAC monitors financial
transactions to prevent, detect, and respond to criminal abuse of the financial
system. Visit https://www.austrac.gov.au to learn more.
When do we need to enrol with AUSTRAC?
providing designated services with a geographical link to Australia must enrol before their AML/CTF obligations begin on 1 July 2026. Enrolments must be completed by 29 July 2026.