PRACTICE MANAGEMENT
Practice management with built-in AML.
Tranche 2 takes effect 1 July 2026. RedRock PM is purpose-built for Australian accounting firms, with native 4-layer AUSTRAC compliance — no third-party add-ons, no integration headaches.
AUSTRAC Tranche 2
Days
Hours
Minutes
until accountants become reporting entities under the AML/CTF Act.
THE COST OF FRAGMENTATION
Your current stack wasn't built for AML.
Cost Comparison
Typical accounting stack
RedRock PM
One platform. One login. AML built in.
This calculator provides estimates only. It does not constitute financial, legal, or professional advice. Pricing of third-party products is based on publicly available information as of April 2026 and may not reflect current rates. Verify all pricing directly with providers. RedRock Systems Pty Ltd accepts no liability for decisions made based on these estimates. See our Terms of Service.
THE SHIFT
From five tools to one platform.
Before
5 logins. 5 databases. No AML.
After
RedRock PM1 login. 1 database. AML built in.
WHAT'S INCLUDED
Everything a modern practice needs.
4-layer AUSTRAC compliance framework
Built for the AML/CTF Act 2006. Every layer of compliance — from firm foundation to ongoing monitoring — native within your practice management tool.
- Layer 1: AUSTRAC enrolment and program management
- Layer 2: KYC/CDD with standard, simplified, and enhanced levels
- Layer 3: PEP screening, sanctions monitoring, SMR workflow
- Layer 4: 7-year record keeping with immutable audit trail
- Training gate — staff must complete AML/CTF modules before dashboard access
- CDD enforcement — blocks designated services for unverified entities
AML/CTF Compliance
Client Management
Time & Billing
Tax & SMSF
WHY FIRMS ARE SWITCHING
Karbon
Great workflow automation. No AML.
TaxDome
Strong client portal. No AML.
CCH iFirm
Deep tax compliance. No AML.
RedRock PM: Practice management with native AML/CTF compliance.
SECURITY
Your clients' data, protected.
AES-256-GCM Encryption
Sensitive data encrypted with per-tenant key derivation.
TOTP Multi-Factor Authentication
TOTP MFA with recovery codes. Enforced with grace period.
Privacy Act Compliance
NDB data breach workflow, APP compliance reviews, access request tracking.
8-Role RBAC
Owner, practice manager, manager, accountant, admin, bookkeeper, client services, read-only.
The RedRock Ecosystem
Better together.
Ready for Tranche 2?
Book a demo and see how RedRock PM handles AML/CTF compliance natively — no add-ons required.