Tranche 2 AML compliance is now in effect

Virtual Assets

AML Compliance for Virtual Asset Providers

AML/CTF software for cryptocurrency exchanges and digital asset service providers under AML/CTF regulations.

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What Tranche 2 Means for Virtual Assets

From 1 July 2026, virtual assets 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

  • •Rapid transaction volumes requiring automated monitoring
  • •Pseudonymous nature of blockchain transactions
  • •Cross-border virtual asset transfers and exchanges
  • •Emerging typologies and evolving money laundering methods
  • •Wallet address verification and beneficial ownership tracking

Your Obligations

  • Customer identification and verification for all account holders
  • Enhanced due diligence for high-risk customers and transactions
  • Travel Rule compliance for virtual asset transfers
  • Automated transaction monitoring and suspicious activity detection
  • Reporting obligations for suspicious and threshold transactions
  • Blockchain analytics and comprehensive record-keeping

Our Solutions

  • Automated transaction monitoring for blockchain and fiat movements
  • Blockchain analytics capabilities for wallet address verification
  • Travel Rule tools for virtual asset transfers
  • Advanced risk scoring for cryptocurrency transactions
  • Multi-currency support for virtual and fiat assets
  • API connectivity for exchange platforms and wallets

Purpose-Built for Virtual Assets 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 Virtual Assets 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 virtual assets professionals use every day. Want to see your platform integrated first?

Request an Integration

Ready to Prepare Your Virtual Assets 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