Tranche 2 AML compliance is now in effect

Trust & Company Services

AML Compliance for Trust & Company Services

AML/CTF software for businesses providing trust and company formation services under Tranche 2.

What Tranche 2 Means for Trust & Company Services

From 1 July 2026, trust & company services businesses providing designated services are reporting entities under the AML/CTF Act and need an AML/CTF program. Whether these obligations apply to you depends on the designated services you provide. Check with AUSTRAC or a qualified adviser. Instant Compliance provides tools to help you set one up.

Industry Challenges

  • •Complex beneficial ownership chains across multiple jurisdictions
  • •Nominee director and shareholder arrangements requiring scrutiny
  • •Trust structures being used to obscure ultimate beneficial ownership
  • •Cross-border service provision with varying compliance requirements
  • •Ongoing monitoring of corporate and trust structures over time

Your Obligations

  • Enhanced customer due diligence for all trust and company formations
  • Comprehensive beneficial ownership identification and verification
  • Ongoing monitoring of trust and company structures for changes
  • Risk assessment of jurisdictions and transaction patterns
  • Suspicious matter reporting for unusual ownership arrangements
  • Detailed record-keeping for all entities formed and managed

Our Solutions

  • Sophisticated beneficial ownership tracking across complex structures
  • Multi-jurisdiction compliance support and risk assessment
  • Automated monitoring of corporate and trust structure changes
  • Enhanced due diligence workflows for high-risk jurisdictions
  • Compatible workflows for company formation and registry operations
  • Audit trail and report preparation tools

Purpose-Built for Trust & Company Services Professionals

Tools designed for the compliance needs of your industry

Customer Verification

Identity verification and due diligence tools for your industry.

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.

Report preparation

Prepares suspicious matter and threshold transaction report content for your compliance officer to review and lodge with AUSTRAC.

Program documents

AML/CTF program templates for your industry, for you to review, tailor and adopt.

Records & audit log

Record-keeping and audit trails to help you evidence your work.

Key Steps for Trust & Company Services Businesses Under Tranche 2

Key steps to set up your program

1

Develop AML/CTF Programs

Draft AML/CTF program documents based on your business details and risk profile, for you to review and adopt.

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 trust & company services professionals use every day. Want to see your platform integrated first?

Request an Integration

Ready to Prepare Your Trust & Company Services Business?

Get started with Instant Compliance. Start your free 2-week trial today!

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Important: Instant Compliance is software, not compliance advice.

Our tools help you prepare, record and manage an AML/CTF program. They do not provide legal or compliance advice and do not guarantee compliance with the AML/CTF Act. Your business remains responsible for meeting its own obligations and for every decision it makes using these tools. Instant Compliance is an independent software provider and is not affiliated with, endorsed by or acting on behalf of AUSTRAC or any government body. Read what we do and what stays your responsibility