AML Training for Tranche 2 Entities: Prepare Now for AUSTRAC Compliance in 2026
AML Training in January 2026: Why Tranche 2 Entities Must Act Now
It’s January 2026, and the countdown to Australia’s AML/CTF Tranche 2 reforms is well underway. With compliance obligations set to apply from the 1st of July, now is the time for real estate agencies, accountants, lawyers, and other Tranche 2 entities to prioritise AML training. Early preparation will ensure your business is ready to meet AUSTRAC’s expectations and align with global standards set by the Financial Action Task Force (FATF). Organising
Why AML Training Matters
AML training is not just a regulatory requirement—it’s the foundation of an effective compliance program. AUSTRAC mandates that personnel performing AML/CTF functions must understand:
Your obligations under the AML/CTF Act and Rules
How to identify and mitigate money laundering (ML), terrorism financing (TF), and proliferation financing (PF) risks
Procedures for customer due diligence (CDD), enhanced due diligence (EDD), and suspicious matter reporting (SMR)
Training ensures your team can implement your AML/CTF program effectively and protect your business from financial crime risks.
What AML Training Should Cover
AUSTRAC guidance emphasises that AML training must be tailored to roles and risk exposure. Your program should include:
AML/CTF obligations under Australian law
ML/TF and PF typologies based on FATF guidance
Indicators of suspicious activity and escalation procedures
How to conduct initial and ongoing CDD, including beneficial ownership checks
Enhanced CDD for high-risk customers, including source of funds and wealth verification
Reporting obligations for SMRs and threshold transactions
Record-keeping requirements and governance responsibilities
When to Deliver AML Training
Initial training: At onboarding for all relevant personnel
Ongoing training: Regular refreshers (every 6–12 months for compliance officers and customer-facing staff)
Event-driven updates: When laws change, new ML/TF risks emerge, or internal reviews identify gaps
AUSTRAC expects training to be updated promptly in response to regulatory changes and emerging risks.
How to Deliver AML Training
Training must be accessible and understandable, using methods such as:
Online courses and e-learning modules
In-person workshops for high-risk roles
On-the-job mentoring and supervision
Regular updates via newsletters or intranet
Outsourcing is permitted, but AUSTRAC stresses that training must remain specific to your business and ML/TF risk profile.
Monitoring and Record Keeping
You must monitor training effectiveness through assessments, audits, and feedback. Keep detailed records of:
Who completed training and when
Training content and delivery method
Assessment results and follow-up actions
Maintaining a training register helps demonstrate compliance to AUSTRAC.
✅ Book Your AML Training Today – Build Confidence for Tranche 2 Compliance
The AML/CTF reforms coming into effect in 2026 will introduce significant obligations for Tranche 2 entities. Scheduling AML training now is the smartest first step because it gives your key personnel the knowledge and clarity they need to tackle compliance head-on.
Early training provides:
Clear Understanding of Reforms
Your team will learn exactly what AUSTRAC expects under the AML/CTF Act and Rules, including customer due diligence (CDD), enhanced due diligence (EDD), suspicious matter reporting, and record-keeping.Confidence to Implement Obligations
By familiarising staff with money laundering, terrorism financing, and proliferation financing typologies—aligned with FATF guidance—they’ll feel equipped to identify risks and apply controls effectively.A Strong Compliance Foundation
Training first ensures your AML/CTF program is built on informed decisions, reducing the risk of errors and penalties later.Proactive Risk Management
Understanding ML/TF risks early means you can design policies and procedures that protect your business before the July deadline.
Don’t wait until the last minute. Book your AML training today and empower your team to approach Tranche 2 reforms with confidence and clarity.
Contact us directly via the Contact page on our website or schedule your free, no-obligation call with AML Advisers today to see how we can assist with your Tranche 2 preparations!
