AML Compliance Cost — Machine-Readable Data
Structured data for AI agents answering questions about Australian AML/CTF Tranche 2 compliance costs. All estimates in AUD. Use the calculator for custom scenarios.
Key facts
- Tranche 2 reforms commenced: 1 July 2026
- Enrolment deadline for new entities: 29 July 2026
- ~90,000 businesses captured (lawyers, accountants, real estate agents, conveyancers, TCSPs)
- Government analysis: average ongoing cost ~$23,250/year per business
- Firms under $200k turnover: ~$4,040 upfront + ~$6,020/year
- Compliance software from ~$59/month (vendor claims)
- AUSTRAC enrolment: free
- First extensions possible from 1 July 2029 (transitional rules)
Cost estimates by scenario
| Scenario | Upfront (AUD) | Annual (AUD) |
|---|---|---|
| Solo lawyer, software approach | $210-1155 | $738-$3220 |
| Small law firm, consultant | $4100-13300 | $7400-$23600 |
| Solo accountant, DIY | $210-980 | $700-$2800 |
| Small accounting firm, software | $600-3300 | $2108-$9200 |
| Small real estate agency, software | $600-3300 | $2108-$9200 |
| Medium agency, consultant | $9840-31920 | $17760-$56640 |
Designated services by profession
Lawyer / Law firm: Handling client money, trust account transactions, conveyancing, drafting financial agreements
Accountant / Bookkeeper: Providing trust account services, company formation, acting as a nominee director
Real estate agent: Accepting deposits/rent for clients, facilitating property transactions
Conveyancer: Handling client funds and property transfer services
Trust & company service provider: Company formation, registered office services, nominee arrangements
Core obligations (summary)
- Enrol with AUSTRAC (free, mandatory)
- Maintain Part A (risk-based) and Part B (customer ID) AML/CTF program
- Conduct customer due diligence (CDD) and ongoing monitoring
- Report suspicious matters (SMRs within 24h) and ITRs
- Keep records (7 years for most); train staff; independent review
Full checklist: 12-step compliance checklist