Lawyers Weekly AML/CTF Guide 2026: A practical roadmap for Tranche 2 entities
Prepare your firm for the 1 July 2026 AML/CTF reforms with practical guidance on technology, onboarding, verification, risk management, and operational compliance.
The AML/CTF Tranche 2 reforms will fundamentally reshape how Australian law firms operate. From 1 July 2026, legal service providers will become reporting entities under the Anti-Money Laundering and Counter-Terrorism Financing Act, introducing new obligations around client due diligence, risk assessments, reporting, and record keeping.
For many firms, these changes will require significant shifts in governance, workflows, and technology. The Lawyers Weekly AML/CTF Guide has been created to help law firms understand what the reforms mean in practice and how to prepare for the transition.
Featuring insights from industry experts and leading legal technology providers, this guide explores how firms can build robust compliance frameworks while maintaining efficiency and delivering a strong client experience.
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What you’ll learn:
- How to build leadership oversight and shared accountability for AML/CTF compliance, with LEAP Legal Software and InfoTrack.
- How to transform client onboarding and verification into compliant, audit-ready infrastructure, with LAB Group.
- How to manage cross-border transaction risk, source-of-funds checks, and enhanced due diligence, with Send Payments.
- How to design an end-to-end AML workflow from AUSTRAC enrolment to onboarding, reporting and record keeping, InfoTrack
- How to close knowledge gaps with digital compliance tools covering policies, training, risk assessments and audit readiness, Kit Legal.
- How to turn AML/CTF maturity into a competitive advantage through better client experience and connected workflows, with Legl.
Why this change matters now
Manual compliance processes are no longer viable under a risk-based regulatory framework. Law firms must now demonstrate defensible compliance, supported by structured workflows, robust audit trails, and consistent verification practices. The firms that prepare early will not only meet regulatory expectations but will also strengthen client trust, operational efficiency, and long-term competitiveness.
This guide is designed for:
- Managing partners
- Principals and firm owners
- Practice managers
- Compliance officers
- Risk and governance professionals
- Lawyers involved in property, corporate, and transactional work
Download the Lawyers Weekly AML/CTF Guide and learn how your firm can prepare for the Tranche 2 regulatory landscape.
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Access the guide here