Australia's AML/CTF Compliance Platform
NexusShield unifies AUSTRAC-aligned staff training, KYC/KYB identity verification, and automated regulatory compliance into one powerful platform — purpose-built for Australian AML/CTF obligations.
AML/CTF Tranche 2 — Obligations from 1 July 2026
The following professions providing designated services must enrol with AUSTRAC and comply with full AML/CTF obligations.
Lawyers & Conveyancers
Property settlements, trust accounts, company formation
Tranche 2Accountants & Tax Agents
Tax advice, bookkeeping, financial statement preparation
Tranche 2Real Estate Agents & Developers
Property sales, buyer's agents, project developers
Tranche 2Trust & Company Service Providers
Corporate trustees, company secretaries, registered agents
Tranche 2Dealers in Precious Metals & Stones
Jewellers, bullion dealers, gemstone traders
Tranche 2From training your team and verifying identities, to filing reports and managing risk — NexusShield covers the complete AML/CTF compliance lifecycle in a single, integrated platform.
Real-time biometric verification, document scanning (passport, licence), facial liveness detection, and OCR-powered data extraction. Instantly verify individuals against authoritative sources with complete audit trails.
Learn moreComprehensive business entity checks including beneficial ownership mapping, ASIC lookups, and risk-tiered screening. Know exactly who you're dealing with — directors, shareholders, and UBOs included.
Learn moreAutomated PEP and sanctions list screening, transaction risk scoring, and alert management. Stay ahead of financial crime with intelligent monitoring that reduces false positives and prioritises real risk.
Learn moreAUSTRAC-aligned training modules with automatic CPD certificate issuance and team-wide completion tracking. Keep your whole team compliant, certified, and audit-ready — without manual record-keeping.
Learn moreAutomated Suspicious Matter Reports (SMR) and Threshold Transaction Reports (TTR) with complete, immutable audit trails. Eliminate manual compliance filing and meet your AUSTRAC obligations with confidence.
Learn moreAuto-generate your AML/CTF program and risk assessment in minutes. Intelligent risk scoring tailored to your business model and customer base, keeping your program current as regulations evolve.
Learn moreAML/CTF Act — Tranche 2
The Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 brings 80,000–90,000 new businesses into the AML/CTF regime. From 1 July 2026, full compliance obligations apply — including a written AML/CTF program, client identity verification, staff training, and mandatory AUSTRAC reporting.
Time remaining to comply
1 July 2026 — Full AML/CTF obligations commence for all Tranche 2 entities
31 March 2026 — AUSTRAC enrolment opens for new reporting entities
Australian compliance teams choose NexusShield because it closes every gap — training, verification, and reporting — with one platform, one login, and zero compromise.
No fragmented tools. Staff training, identity verification, and regulatory compliance unified in a single platform with one login and one audit trail. The complete journey — from learning to compliance — without vendor sprawl.
Designed from the ground up for AUSTRAC obligations. Learn with Australian-specific training content, verify against authoritative local sources, and comply with reporting formats built to AUSTRAC's exact requirements — not adapted from overseas software.
Your IDV records are retained for the full statutory 7 years. Unlike competitors who charge 50% of annual subscription to access your own data, NexusShield never holds your compliance history hostage.
The only platform that covers all three pillars: a full Learning Management System with CPD certification, real-time KYC/KYB identity verification, and end-to-end case management — eliminating the need for multiple vendors and integration headaches.
Verify
From individual KYC checks to complex KYB entity verification, NexusShield delivers instant, accurate results. Our facial biometric engine, document OCR, and liveness detection work together to make onboarding fast, thorough, and fraud-resistant.
Learn
NexusShield's integrated Learning Management System delivers AUSTRAC-aligned training modules directly to your team. CPD certificates are automatically issued on completion, with a manager dashboard giving you real-time visibility of where every team member stands.
Tranche 2 refers to the expansion of Australia's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime to a new category of businesses — known as Designated Non-Financial Businesses and Professions (DNFBPs). The AML/CTF Amendment Act 2024, which received Royal Assent on 10 December 2024, brings lawyers, conveyancers, accountants, real estate agents, trust and company service providers, and dealers in precious metals into the compliance framework for the first time. Full obligations commence 1 July 2026.
Businesses affected include lawyers and conveyancers (when providing property settlement or trust-related services), accountants and tax agents (when providing financial management advice), real estate agents and property developers (when facilitating property transactions), trust and company service providers, and dealers in precious metals and stones. Importantly, the regime captures specific designated services — not all activities of a profession. Litigation-only law firms, for example, may not be captured.
There are two key dates. 31 March 2026: AUSTRAC enrolment opens for new Tranche 2 reporting entities. 1 July 2026: Full AML/CTF obligations commence — businesses must have their AML/CTF program in place, compliance officer appointed, staff trained, and KYC processes operational. Entities must formally notify AUSTRAC of their Compliance Officer by 29 July 2026.
A compliant AML/CTF program must be a written document that identifies and assesses money laundering and terrorism financing risks, sets out how the business will manage those risks, includes customer due diligence (KYC/KYB) procedures, outlines staff training requirements, and specifies reporting obligations (SMR, TTR). The program must be reviewed regularly and updated when business activities change. NexusShield's platform generates and maintains a structured program framework aligned to AUSTRAC's requirements.
Yes. All Tranche 2 entities providing designated services must enrol with AUSTRAC. Enrolment opens from 31 March 2026 and must be completed by 29 July 2026. After enrolment, you must also register any designated services and notify AUSTRAC of your appointed AML/CTF Compliance Officer. Failure to enrol is a strict liability offence under the AML/CTF Act.
Tranche 2 entities must file Suspicious Matter Reports (SMR) when a transaction or activity raises suspicion of money laundering or terrorism financing, Threshold Transaction Reports (TTR) for cash transactions of AUD $10,000 or more, and International Funds Transfer Instructions (IFTI) where applicable. NexusShield automates the detection, preparation, and lodgement of these reports directly to AUSTRAC with full audit trails.
NexusShield is the only Australian platform that addresses all five Tranche 2 obligation pillars in a single integrated system: LMS Training (AUSTRAC-aligned modules with automatic CPD certificate issuance), KYC Identity Verification (real-time document and biometric checks), KYB Entity Verification (corporate and trust due diligence), Risk Assessment Engine (automated client risk scoring), and AUSTRAC Reporting (SMR, TTR, IFTI with immutable audit trails). No integration headaches — everything in one place.
For more information, contact us and our compliance specialists will discuss and tailor a NexusShield solution to your business's exact obligations.
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