Tranche 2 begins in 9 days

Legal Services

AML Compliance for Legal Professionals

Purpose-built compliance tools for law firms, solicitors, barristers, and conveyancers handling client matters and trust accounts.

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Tranche 2 Changes Everything for Legal Services

From 1 July 2026, legal services businesses are expected to need AML/CTF compliance programs. Instant Compliance helps make the transition smoother.

Industry Challenges

  • •Client account and trust account transactions being used for money laundering
  • •Complex conveyancing transactions involving potentially suspicious funds
  • •Legal privilege considerations when conducting due diligence
  • •Multiple beneficial owners hidden behind corporate structures
  • •Balancing client confidentiality with AML reporting obligations

Your Obligations

  • Client identification and verification before taking instructions
  • Beneficial ownership determination for corporate and trust clients
  • Ongoing customer due diligence throughout the client relationship
  • Suspicious matter reporting when unusual patterns are detected
  • Enhanced due diligence for high-risk clients and matters
  • Detailed record-keeping and comprehensive audit trails for all matters

Our Solutions

  • Streamlined workflows designed for legal practice operations
  • Automated CDD workflows that fit naturally into legal practice processes
  • Trust account monitoring and sophisticated transaction analysis
  • Beneficial ownership tracking for complex corporate clients
  • Matter-based risk assessment and ongoing monitoring capabilities
  • Secure document storage, verification, and comprehensive audit trails

Purpose-Built for Legal Services Professionals

Every feature designed to address the specific compliance needs of your industry

Customer Verification

Identity verification and due diligence tools tailored to your industry workflows.

Risk Assessment

Industry-specific risk scoring and profiling based on sector-specific risk factors.

Transaction Monitoring

Monitor transactions for patterns and thresholds relevant to your business type.

🇦🇺 AUSTRAC Reporting

Streamlined suspicious matter and threshold transaction reporting capabilities.

Compliance Program

Pre-built AML/CTF program templates specific to your industry requirements.

Audit Ready

Comprehensive record-keeping and audit trails meeting all regulatory standards.

What Legal Services Businesses Must Do for Tranche 2

Key preparation steps to ensure compliance by July 1, 2026

1

Develop AML/CTF Programs

Create comprehensive compliance programs tailored to your business operations and risk profile.

By July 1, 2026
2

Implement CDD Procedures

Establish customer due diligence procedures including identification and verification processes.

Before onboarding
3

Transaction Monitoring

Set up systems to monitor transactions for suspicious activity and reporting thresholds.

Ongoing requirement
4

Staff Training

Train all staff on AML obligations, red flags, and reporting procedures.

Regular training

Industry-Specific Integrations Coming Soon

We're building seamless integrations with the software platforms legal services professionals use every day. Want to see your platform integrated first?

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Ready to Prepare Your Legal Services Business?

Get Tranche 2 ready with Instant Compliance. Sign up for free until June 1st!

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