AUSTRAC enrolment is open. Around 90,000 Australian firms need an AML/CTF program operational by 1 July 2026. We turn AUSTRAC's free starter kit into 4 working AI workflows in 14 days. Fixed at $4,500 — the bottom of the government's own $4,460–$85,550 setup-cost range.
Quick self-assessment for principals and partners. Not legal advice — confirm your designated services with AUSTRAC's "Am I captured?" tool or your professional body.
Real estate, accountants, lawyers, conveyancers, trust company service providers and dealers in precious metals all become AUSTRAC reporting entities from 1 July 2026. Choose your sector for a tailored breakdown.
Brokering the purchase, sale or transfer of real estate is a designated service. CDD on buyers and vendors, beneficial ownership for corporate purchasers, source-of-funds checks on cash deposits.
See real estate page ~30,000 Accounting & tax practicesCompany formation, trust admin, registered office services, client money handling and tax services to high-net-worth individuals all trigger Tranche 2 obligations.
See accountants page ~20,000 Law firms & conveyancersConveyancing, trust account work, company and trust structures, client funds handling. Section 123 tipping-off offence applies — extra care required.
See lawyers pageThe starter kit is documents. We turn those documents into systems that actually run inside your practice — onboarding, training, reporting, monitoring. You keep the IP. No platform lock-in.
Smart form and voice agent that handles initial customer due diligence end to end.
Tracks who's done what training, when, and what they need next — AUSTRAC-ready exports.
An AI-assisted workspace where your AML/CTF Compliance Officer drafts Suspicious Matter Reports. The AMLCO writes, reviews and submits — the AI assists with field mapping and tipping-off checks. The AI never autonomously acts.
Light-touch transaction and relationship monitoring with quarterly review prompts.
Walk through the AI agents the way your staff would — onboarding a corporate buyer, logging staff training, drafting an SMR from file notes, and triggering a beneficial ownership refresh. No signup. No sales call. Roughly 5 minutes end to end.
Watch the live demoFrom the AML/CTF Act 2006 as amended in December 2024 by the AML/CTF Amendment Act. Section references shown for each obligation.
Every reporting entity must enrol with AUSTRAC. Enrolment is now open via AUSTRAC Online. Newly regulated entities have until 29 July 2026 to formally enrol — but you can't provide designated services from 1 July 2026 without an approved program in place.
AML/CTF Act s.51B · Enrolment now openA documented program covering risk assessment, policies, customer due diligence, ongoing monitoring, training, governance and the appointment of an AML/CTF Compliance Officer. Must be approved by senior management.
AML/CTF Act s.81–84 · AML/CTF Rules 2025Identify and verify clients, beneficial owners, and the purpose and nature of the business relationship. Enhanced due diligence for higher-risk clients including PEPs. Ongoing monitoring throughout the relationship.
AML/CTF Act s.32–36 · AML/CTF Rules Part 2Lodge SMRs with AUSTRAC when you have grounds for suspicion. Tipping-off (telling the customer) is an offence under s.123 carrying up to 5 years imprisonment. Threshold transaction reports also apply.
AML/CTF Act s.41 · Tipping-off s.123Retain records for 7 years (KYC, transactions, training, internal reports). Train staff on a risk-based, role-appropriate basis with ongoing refreshers. First independent program review for newly regulated entities is due by 1 July 2029.
AML/CTF Act s.107–116 · Training s.26F(4)(e) · Independent review s.32Three steps. Fixed price. No platform contracts to sign.
We map your designated services, staff count, software stack and risk profile. You get a written readiness summary regardless of whether you book the Sprint.
Week 1: customise the AUSTRAC starter kit to your practice. Week 2: deploy the 4 AI workflows and integrate with your practice software.
Role-based training session, training register goes live, you take ownership. Optional $300/month retainer for ongoing monitoring and updates.
The AUSTRAC program starter kits are excellent. They are also a stack of templates — risk assessment templates, policy drafts, CDD forms, process guides — that someone in your practice still has to customise, deploy, train staff on, and operate.
We do that work in 14 days and ship 4 AI workflows on top. You keep every document. No platform lock-in. No data hostage situation if you ever leave.
Information only — not legal advice. We implement, we don't advise.
The Australian government's Regulation Impact Statement for the AML/CTF Amendment Act estimated setup costs at $4,460–$85,550 per business, with annual ongoing costs of $6,020–$82,660. Our $4,500 Sprint sits at the bottom of that range — for a fully operational program with AI workflows, not just templates. Source ›
No annual platform fees. No per-verification charges. Founder pricing locked for 12 months.
For 1–2 person practices. Customised starter kit + CDD intake AI + training register basics + 30-min training.
Done in 14 days. Customised AUSTRAC starter kit + 4 AI workflows + 60-min staff training. You keep the IP.
Light-touch ongoing service. Pause or cancel any time. Required only if you want us managing the moving parts after go-live.
The starter kit is excellent. Compliance platforms are excellent at scale. Square AI sits in the middle: a one-off implementation that hands you a working system, then leaves.
From 1 July 2026, around 90,000 newly regulated Australian businesses (Tranche 2) need an AML/CTF program in place — including real estate agents, accountants, tax agents, lawyers, conveyancers, trust and company service providers, and dealers in precious metals and stones. Mandatory staff training is required under section 26F(4)(e) of the AML/CTF Act and Rules s.5-9(2). Training must be risk-based and role-appropriate.
AUSTRAC enrolment is now open via AUSTRAC Online — it opened on 31 March 2026. AML/CTF obligations commence on 1 July 2026, which is the date you can't provide designated services without an approved AML/CTF program in place. Newly regulated entities must formally enrol by 29 July 2026. The first independent program review for newly regulated entities is due by 1 July 2029.
Civil penalties under the AML/CTF Act run up to $33 million for body corporates and $6.6 million for individuals per contravention. The penalty unit in 2026 is $330. Money laundering itself carries up to 25 years imprisonment under Criminal Code s.400. Tipping-off (telling a customer you've reported them) carries up to 5 years under s.123. Plus reputational damage, forced remediation and AUSTRAC audit costs.
Yes. The AML/CTF program must reflect the size, nature and risks of your business. AUSTRAC publishes separate starter kits for real estate, accounting, legal profession, conveyancing and precious metals — each addressing the designated services, risk patterns and customer types specific to that sector. Square AI customises the right starter kit to your practice and trains your staff against your sector's risk profile.
AML (anti-money laundering) targets disguising the proceeds of crime. CTF (counter-terrorism financing) targets funds raised or moved to support terrorism. Australia regulates both under one Act — the AML/CTF Act 2006. Programs typically cover both, plus proliferation financing (PF), which targets funding for weapons of mass destruction. The AML/CTF Rules 2025 group all three under "ML/TF/PF risk".
The Australian government's Regulation Impact Statement for the AML/CTF Amendment Act estimated Tranche 2 setup costs at $4,460–$85,550 per business, with annual ongoing costs of $6,020–$82,660. The wide range reflects practice size and complexity. Square AI's $4,500 Sprint sits at the bottom of the government's own range for a fully operational program (not just templates). For practices over 15 staff with high transaction volumes, expect setup costs higher in the range, typically with a compliance platform component on top.
The Square AI AML/CTF AI Sprint takes 14 days end to end. Week 1 is discovery and program customisation — reviewing the AUSTRAC starter kit for your sector, mapping your designated services and risks, customising policies. Week 2 is AI workflow deployment and integration with your practice software (Xero, MYOB, LEAP, PEXA, Property Tree, Box+Dice etc). Day 14 is a 60-minute staff training session and the training register goes live.
Yes. AUSTRAC does not mandate a delivery format — what matters is that training is risk-based, role-appropriate, documented, and refreshed. The AML/CTF Act requires you to keep training records for 7 years (s.107–116). Square AI delivers a 60-minute live session and an automated training register that captures attendance, completion dates, role, and content covered — exactly what AUSTRAC will ask to see in an audit.
No. AUSTRAC does not approve, accredit or endorse any third-party providers — that's not how the regime works. Square AI is AUSTRAC-aligned: we customise AUSTRAC's free starter kits and build AI workflows that map to the obligations in the AML/CTF Act. We provide implementation services, not legal advice. The s.32 independent review must be performed by a qualified independent reviewer who is not Square AI — that's a statutory requirement of the Act.
Tell us your sector and where you're up to. Joel personally responds within 24 hours, Sydney business hours.
AML CTF training Australia for the 1 July 2026 deadline. Implementation in 14 days. Fixed at $4,500. Founder pricing for first 100 firms.