AML/CTF Guide
Does it apply to me?

Updates · 15 May 2026

AUSTRAC published sector guidance for each Tranche 2 profession: where to start reading

Ahead of commencement AUSTRAC released sector-specific guidance and starter material for each newly regulated profession. They are the closest thing to an official answer to 'does this apply to me and what do I do'.

Source AUSTRAC — Guidance for Tranche 2 sectors

What the guides cover

  • Which of the profession's services are designated, with examples.
  • Enrolment and the compliance officer.
  • What an AML/CTF program must contain, scaled to small businesses.
  • Customer due diligence, including beneficial ownership and politically exposed persons.
  • Reporting obligations and the deadlines.
  • Record keeping and training.

How to use them

  1. Read the guide for your profession end to end once.
  2. Use the designated services section to decide whether you are covered.
  3. Build your program from your own answers, using the guide to check nothing is missing.
  4. Keep a link to the guide in your program and re-check it when AUSTRAC updates it.

Where this site fits

This guide summarises and cross-references; the sector sites in our group go deeper for accountants, real estate and legal practices. None of it replaces the primary source. When AUSTRAC updates a guide, we note it here.

Questions people ask

Is AUSTRAC guidance legally binding?
Guidance explains the law and how AUSTRAC applies it; the Act and the Rules are what bind you. Following guidance is the safest way to comply.
AUSTRAC published sector guidance for each Tranche 2 profession: where to start reading · AML/CTF Guide