AML / CTF / AUSTRAC
AUSTRAC Tranche 2 changes what it means to be a reporting entity.
Software for AUSTRAC-regulated businesses, AML/CTF reporting entities, and financial services firms.
The Operational Reality
From 1 July 2026, accountants, lawyers, and real estate agents are reporting entities under the AML/CTF Act 2006. Most existing practice management tools were not built for this obligation.
AUSTRAC reporting entities must maintain an AML/CTF program, conduct ongoing customer due diligence, and report suspicious matters — with statutory deadlines and tamper-evident records.
KYC/CDD requirements apply at enrolment, at risk-trigger events, and on an ongoing monitoring basis — generating a compliance record that must be stored securely for 7 years.
Suspicious Matter Reports carry strict confidentiality obligations — the reporting entity cannot disclose that a report has been lodged.
Non-compliance penalties include significant civil penalties and criminal prosecution for individuals — not just organisations.
What We Build
Systems engineered for Finance & AML.
AML/CTF program systems
Risk assessment frameworks, customer due diligence workflows, and ongoing monitoring — built around the AUSTRAC reporting obligations.
SMR workflow platforms
Encrypted Suspicious Matter Report preparation, statutory deadline tracking, and tamper-evident submission records.
KYC/CDD verification systems
Multi-level identity verification, beneficial ownership mapping, and risk-scored customer profiles.
Audit trail infrastructure
SHA-256 hash-chain tamper-evident records, legal hold capability, and export-ready audit evidence.
Practice management with built-in AML
Client management, time tracking, invoicing, and AML/CTF compliance in a single platform for professional services firms.
Our Products
RedRock products for Finance & AML.
Building software for Finance & AML?
Tell us what you need. We'll tell you how we'd build it.
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