Tranche 2
Stay ahead of regulation with GBG
Your trusted partner for Tranche 2 AML/CTF compliance
Download the Tranche 2 Compliance Toolkit or contact us today for more information
The Challenge
Australia’s AML/CTF legislation is evolving. Under the proposed Tranche 2 reforms, legal practitioners including lawyers, conveyancers, and firms involved in real estate or trust account transactions will be brought under the scope of the AML/CTF Act for the first time.
This includes
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Verifying the identity of clients
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Conducting risk-based assessments
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Ongoing client monitoring
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Reporting suspicious matters
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Keeping comprehensive, auditable records
These are more than technical requirements, they’re part of how your firm demonstrates compliance, protects its reputation and meets professional obligations.
Failure to comply could result in penalties, regulatory scrutiny and reputational damage.
How GBG helps legal professionals comply with confidence
Verify identities with confidence and accuracy
GBG has the most comprehensive local data sources, with global data coverage across 196+ countries. Access 40+ local Australian and New Zealand data sources including credit, super, tenancy, payroll, mortality check and more.
Industry leading match rates and cross-sector depth and breadth
With industry-leading match rates and onboarding success GBG supports organisations in 38+ industry-sectors, where we conduct 40M+ ID checks annually in AU and NZ.
Biometric checks to confirm client presence
Certified biometric verification ensures you client is who they say they are. With passive liveness detection that prevents spoofing and ISO 30107-3 Level 2 standards.
Streamline your due diligence process
Automate identity checks, politically exposed persons (PEP) and sanctions screening, and reduce manual effort without compromising compliance or client experience.
Enable remote, compliant client onboarding
Deliver a smooth, accessible onboarding process across jurisdictions while capturing the evidence you need to meet AUSTRAC obligations.
Easy integration into existing platforms and tailored solutions
GBG’s highly adaptable solutions evolve to keep pace with changing regulations and business needs. Our solutions are tailored to an organisation’s workflows, risk appetite and onboarding journeys, and can be easily integrated into your existing practice management platforms.
Tranche 2 isn’t optional – be ready!
Our legal-specific toolkit helps you understand your obligations, timelines and practical steps to get started.
Contact us today - learn how GBG’s solutions can support your Tranche 2 requirements
