- Other Tranche 2 Businesses
Not Real Estate, Accounting or Legal But Still Captured by Tranche 2?
The Tranche 2 reforms extend beyond the headline sectors. Trust and company service providers, dealers in precious metals, gemstones, and high-value goods, and other businesses providing designated services are also in scope with the same 1 July 2026 obligations applying. Not sure if you are captured? We can help you find out in minutes.
AUSTRAC enrolment is now open. Don’t wait until it’s too late!
What the law requires and how we handle it
Compliance Requirements
NextGen AML Solution
Enrol with AUSTRAC
Register with AUSTRAC before delivering designated services covered by Tranche 2.
- Helps confirm whether your services are captured
- Guidance on AUSTRAC enrolment requirements
- Support from a compliance-focused team
Build Your AML/CTF Program
Create an AML/CTF program that matches your risk profile, procedures and reporting obligations.
- AML/CTF program support tailored to your business
- Risk assessment aligned to your service model
- Guidance on controls, procedures and documentation
Verify Clients & Entities
Verify customer identity and beneficial ownership before providing designated services.
- KYC for individual customers
- KYB with full ownership mapping
- Integrated PEP, sanctions & watchlist screening
Monitor & Keep Records
Monitor ongoing client relationships and maintain records of all CDD, decisions, and AUSTRAC reporting for seven years.
- Continuous monitoring across active matter records
- Centralised case records and audit trail
- Exportable 7-year records for regulator review
Suspicious Matter Reporting
Report suspicious instructions, transaction structures, or client behaviours to AUSTRAC promptly.
- Suspicious activity alerts flagged inside each matter record
- AUSTRAC-ready SMR drafts for Compliance Officer sign-off
- Full submission history recorded in-case
Train Your Staff
All fee earners and support staff must be trained on AML obligations, red flags and escalation procedures.
- Role-based AML training support
- Dashboards and reporting for oversight
- Dedicated support team when needed
Included In Every Plan
Your industry. Your obligations.
One platform built for both.
Book an industry-specific demo. We will walk you through the exact workflows, features, and advisory services NextGen AML provides for your sector before the 1 July 2026 deadline.
Other Tranche 2 FAQs
Common questions from Other Tranche 2 Businesses.
How do I know if my business is captured by Tranche 2?
If your business provides designated services including company formation, trust services, dealing in high-value goods, or managing client funds you are likely in scope.
Contact our team for a quick eligibility check.
Contact our team for a quick eligibility check.
Is NextGen AML only for real estate and accounting?
No. While real estate and accounting are our priority sectors, the platform is fully configurable for any Tranche 2 business type. Our advisory team can calibrate the workflows and program templates to your specific services.
What if my obligations are smaller or simpler than a real estate agency?
The starter plan is designed for businesses with lower case volumes and simpler compliance needs. You get the full platform with a credit volume matched to your activity level.