Australia's AML/CTF Tranche 2 reforms extend the AML/CTF Act to an estimated 90,000 professional services businesses — law firms, conveyancers, real estate agents, accountants, and migration agents. Each must maintain a documented AML/CTF program, conduct client due diligence, analyse source of wealth on relevant transactions, and file suspicious matter reports with AUSTRAC. The penalty for non-compliance is up to $22.2 million per contravention.

Most of these firms have fewer than ten staff. They are not forensic accountants. They have never dealt with a financial regulator. The compliance software designed for this obligation costs $2,000–$5,000 per month and is built for banks with dedicated compliance departments — not a two-partner conveyancing firm that needs a legally grounded starting point and a simple way to stay audit-ready year-round.

Engagement-based approaches are also expensive. A qualified AML compliance consultant charges $3,000–$15,000 to produce the documentation these firms need — and that engagement doesn't include the ongoing maintenance, training records, suspicious matter logs, and annual review cycles that AUSTRAC expects to see evidenced over time.

Tranche automates the documentation work — generating risk-calibrated AML/CTF Program Manuals, maintaining training records, flagging suspicious matters, and tracking annual review cycles. Every output is fully editable, versioned, and designed to be reviewed by a qualified professional before reliance.

The platform does not give legal advice and does not make compliance decisions. It gives firm principals, MLROs, and their advisers a structured, evidenced starting point — and keeps that evidence current throughout the year so they're not starting from scratch at every audit or review.

Many firms use Tranche alongside an AML consultant engagement. The platform generates the documentation; the consultant reviews and advises on complex risk decisions. That combination is faster and more cost-effective than either approach alone.