AML / CTF Reform
Australia’s Tranche Two Anti-Money Laundering and Counter-Terrorism Financing Regime – our approach
What is changing and why?
From 1 July 2026, Australian legal professionals must comply with Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime (known as Tranche 2).
When will the new obligations apply in relation to your legal work?
The new obligations apply when we provide specific designated services to you. These services include assisting with property or business transactions and handling client money or assets in relation to transactions.
What you can expect from our firm
- An efficient, commercial and fit-for-purpose approach. Where possible, we will keep processes as simple as possible and minimise disruption to you and your operations.
- Protection of your information. Our commitment to confidentiality and privacy remains unchanged. Please refer to our Privacy Policy for further information.
- All processes and checks will always reflect the nature of the matter
Our promise to you
We are committed to implementing these reforms in an efficient, commercial and fit‑for‑purpose manner, with minimal disruption to you and your business. Utilising trusted public data sources and the software platform FirstAML, we will only request information from you where it is necessary to do so. We commit to always working closely with you, including answering any questions which you may have. If you have any questions, please contact your Kain Lawyers Director for guidance or email us at info@kainlawyers.com.au.