From 1 July 2026, Australia's AML/CTF regime extends to Tranche 2 businesses - and trust and company service providers (TCSPs) are squarely in scope when they provide a designated service. AML/CTF Compliance helps you meet the new obligations without building everything from a blank page.
When are TCSPs captured?
You are captured when you provide a designated service under the AML/CTF regime. For TCSPs, that typically includes forming companies, trusts or other legal arrangements, acting as (or arranging for another person to act as) a director, secretary, trustee or nominee shareholder, and providing a registered office or business address. Not every activity is a designated service, so the built-in Tranche 2 readiness check helps you work out whether, and for which services, you are captured. Confirm your position against AUSTRAC guidance.
What you need to have in place
- Enrol with AUSTRAC as a reporting entity.
- An AML/CTF Program - a business-wide ML/TF risk assessment plus the policies, procedures, systems and controls that manage those risks.
- An AML/CTF Compliance Officer to own the program.
- Customer due diligence - identify and verify customers and beneficial owners before you provide a designated service, and keep it current.
- Reporting - lodge suspicious matter reports, and any threshold or international transfer reports, on time.
- Records, training and an independent review at appropriate intervals.
How AML/CTF Compliance helps TCSPs
It turns the obligations into a workflow: build and maintain your AML/CTF Program from guided templates, run structured CDD with PEP and sanctions screening, score your ML/TF risk across customers, services, channels and jurisdictions, track your AUSTRAC reporting register, and export a review-ready report for your independent reviewer or principal. Everything stays in your browser - the contents of your program and CDD files are never uploaded.
Frequently asked questions
What is a TCSP under the AML/CTF reforms?
A trust and company service provider offers services such as forming companies or trusts, acting as or arranging a director, trustee or nominee, or providing a registered office. These are designated services captured by the Tranche 2 reforms.
What obligations do TCSPs have?
Enrol with AUSTRAC, maintain an AML/CTF Program, run customer due diligence including beneficial ownership, assess ML/TF risk, report as required, and keep records. The tool turns each into a workflow.