- Accountants & Book-Keepers
- Corporate services
Stay AUSTRAC Compliant with software built to set the benchmark
As trusted advisers with insights into business structures and financial flows, accountants play a critical role in preventing financial crime. NextGen AML offers practical, purpose-built solutions for accounting firms, helping you embed compliance into everyday workflows with confidence and without the need for a complex bank-style compliance platform.
Obligations begin soon, is your program ready ?
What the law requires and how we handle it
Enrol with AUSTRAC
Register as a reporting entity if your firm provides any designated accounting or bookkeeping services.
NEXTGEN AML SOLUTION
- Confirms which of your services trigger Tranche 2 obligations
- Compliance advisory from accounting experts
- Step-by-step AUSTRAC enrolment guidance
Build Your AML/CTF Program
Develop a risk-based program that reflects the specific risks of your engagement types, client base, and services offered.
NEXTGEN AML SOLUTION
- Accounting-specific AML/CTF program builder
- Risk assessment templates calibrated to accounting service types
- Program designed and documented by our compliance team
Verify Clients & Beneficial Owners
Verify client identity and for entity clients identify and document the ultimate beneficial owners before providing designated services.
NEXTGEN AML SOLUTION
- Guided KYC/KYB for individuals and entities
- Beneficial ownership mapping with document prompts
- Built-in sanctions, PEP & watchlist screening
Ongoing Monitoring
Regularly reassess client risk and monitor for changes in circumstances, structure, or behaviour.
NEXTGEN AML SOLUTION
- Automated re-screening and risk alerts for active client records
- Periodic review workflows triggered at engagement renewal
- Seven-year secure record retention with full audit trail
Suspicious Matter Reporting
Where client instructions, transaction structure, or behaviour appears suspicious report it to AUSTRAC.
NEXTGEN AML SOLUTION
- Suspicious activity alerts raised inside each case
- AUSTRAC-ready SMR draft outputs with client data pre-populated
- Compliance Officer review and approval captured before submission
Staff Training
All staff providing or supporting designated services must understand AML obligations, red flags, and escalation procedures.
NEXTGEN AML SOLUTION
- On-demand training tailored for accounting service Providers
- Role-specific modules for partners, managers, and support staff
- Staff completion records for AUSTRAC compliance evidence
Why Accounting Firms Choose NextGen AML
Built for Accounting Practices. Not Retrofitted from Banking Software.
Built for banks, generic AML tools miss the realities of the accounting industry. NextGen AML is designed around entity-heavy, relationship-driven workflows, where the real risk sits in the structures, not only transactions.
Beneficial Ownership Done Right
We map complex ownership structures so your team doesn’t have to guess. Companies, trusts, SMSFs, and partnerships NextGen AML’s KYB workflow walks your team through ownership identification layer by layer, with every level documented and defensible.
Designated Service Clarity
Not every accounting service triggers Tranche 2 compliance obligations. Our advisory team and program builder help you identify designated services accurately so you apply controls where they are needed.
Existing Client Re-Verification
Re-verify your existing client base only when mandatated. An automated, case-based re-verification workflow lets you work through long-standing clients at engagement renewal systematically, professionally, and without creating friction.
Small Practice Friendly
Our advisory services help small and mid-sized practices achieve enterprise-grade AML compliance without the cost of a dedicated team. Business owners or existing staff can be trained to manage compliance through our automated system before AUSTRAC obligations take effect
Included In Every Plan
Everything you need to get started,
in one place.
No matter which plan you choose, NextGen AML gives you the core tools to move forward with confidence. From onboarding and customer screening to risk assessment, ongoing monitoring, reporting and dedicated support. It is designed to help businesses get ready without adding unnecessary complexity.
Accounting FAQ
Common questions from accounting and corporate agencies.
STILL NOT SURE?
Which accounting services are designated under Tranche 2?
Designated services include acting as a tax agent, preparing financial statements, company or trust formation, managing financial assets, and bookkeeping services. Contact our team to confirm whether your specific services are in scope.
Do we need to re-verify long-standing clients?
AUSTRAC expects CDD to be applied where you continue providing designated services. NextGenAML’s re-verification workflow supports a systematic, non-disruptive approach to reviewing your existing client base at engagement renewal. In some cases you may not have to reverify.
How do we identify beneficial owners in complex structures?
Beneficial owners are individuals who ultimately own or control 25% or more of an entity. NextGen AML’s Automated KYB workflow guides your team through the exact questions and documentation needed layer by layer, step by step.
What if a client refuses to provide identification?
You must not provide the designated service if CDD cannot be completed. NextGen AML captures this decision with a timestamp and stated reason defensibly recorded inside the case record.
Can we manage AML compliance across multiple offices or partners?
Yes, NextGen AML’s multi-user role structure supports firm-wide compliance with separate access for partners, managers, staff, and auditors. Enterprise plan clients can configure multi-entity support.
We work with groups of entities where the same directors show up over and over. How does NextGen AML stop re-verifying the same people across multiple companies?
At NextGen AML, reusable profiles let directors, shareholders, and controllers be verified once and linked across the wider group. When new entities are added, the platform carries forward existing verified details and captures only what is newly required, supporting complex accounting structures with a consistent evidence trail.