AML CTF compliance for Australian accountants & tax agents

InfoTrack and similar platforms (TrustEasy, AMLTranche) are tools — they give you registers, ID checks and a workflow chassis. They don't customise your AML/CTF program from scratch, map your designated services, or train your staff to operate it. The Sprint is implementation: we build your program on the AUSTRAC starter kit, configure the AI workflows, integrate with your practice software, and hand over the IP. Many of our clients keep using a software platform for ongoing register administration after we've built the foundation. The tool and the implementation aren't competing — they're sequential.

Often, no. The Sprint is built for practices of 3+ personnel where saved partner time and tiered training justify the $4,500. If you're solo with a low-risk client base, the AUSTRAC starter kit plus a $1,200/yr compliance tool may serve you better than us. Book the readiness call anyway — we'll tell you straight, including "you don't need us" if that's the honest answer. We'd rather lose 15 minutes than mis-sell you a Sprint you can't justify.

Bookkeeping on its own usually isn't a designated service. But if a bookkeeper works in a practice that does provide designated services (trust account work, company formation), they need role-appropriate training under your AML/CTF program. Our training register tiers cover this exactly — admin/bookkeeper modules are lighter than the partner-level ones.

Pure BAS preparation is typically outside the AUSTRAC designated services list. The trigger is what the practice does around BAS work — managing client funds, helping with restructures, advising on offshore arrangements. If you're a BAS agent who only prepares activity statements and lodges, you're likely not in scope. If you're unsure, run our 60-second self-check or get advice from your professional body.

The full list is in Table 6 of the AML/CTF Act. The ones most accountants actually provide are: assisting with real estate transactions; creating or restructuring companies, trusts and other legal arrangements; receiving, holding, controlling or managing client money or property; assisting with equity or debt financing; providing a registered office or business address; and acting as or arranging nominee directors or trustees. Provide one and you're a reporting entity.

Yes — that's the whole point. Our Sprint integrates with Xero Practice Manager, MYOB Practice, Karbon, FYI Docs, ATOmate, Class Super, BGL CAS 360 and similar tools. We don't replace anything you already pay for. The AML workflows sit alongside your existing client onboarding and document workflows.

You need an AMLCO appointed under your program. In a small practice, that's usually a partner with delegated responsibility — same person can also cover senior management approval. Larger practices may want a dedicated AMLCO. We help you document the role and the personnel due diligence under the Rules.

AML/CTF compliance is complementary to APES 110 and your professional body's ethical standards — not a replacement. Where there's overlap (client identification, integrity, due care), we map your existing professional obligations into the AML/CTF program rather than duplicating them. CPA Australia, CA ANZ and IPA all publish Tranche 2 guidance and we align our customisation to it.

The Act has pre-commencement customer rules in s.36. You generally don't need to redo full CDD on long-standing clients on day one — but you do need to apply CDD if anything triggers a SMR, if their risk profile materially changes, or when a new designated service starts. Our CDD Intake Agent has a pre-commencement refresh workflow that prioritises higher-risk legacy clients first.

Audit work on its own is generally not a designated service. But if your firm provides audit alongside designated services for the same client (or another arm of the same group), the audit client may still come into scope through other services they receive. Map the services, not the client. We do this mapping in Week 1 of the Sprint.