Compliance PackTranche 2 — obligations from 2026

Legal Pack

Purpose-built for law firms entering the AML/CTF regime under Tranche 2 — client CDD, matter-level risk management, and AML program templates for 2026.

Setup time

< 20 minutes

Customer capacity

Unlimited clients and matters

AUSTRAC alignment

AML/CTF Act 2006 compliant

What's included in the Legal Pack

Client & Matter Due Diligence

Individual client KYC at matter inception
Corporate client KYB — ASIC verification and beneficial ownership
Trust and estate client due diligence
Source of funds for designated legal services
PEP screening for all clients and beneficial owners
Conflict of interest and sanctions cross-check

Designated Services Monitoring

Real estate transaction monitoring (buyer/vendor)
Company formation and management monitoring
Trust establishment and management screening
Fund transfer monitoring for client accounts
High-value matter risk escalation rules

AML/CTF Program Templates

Law Firm AML/CTF Risk Assessment (Tranche 2)
Designated Services Register for your practice areas
Client Identification and Verification Procedures
Matter Acceptance Due Diligence Policy
AUSTRAC Enrolment Checklist
Staff AML Training Module and log

AUSTRAC Report Templates

SMR — suspicious matter reports
TTR — threshold cash transaction reports
Legal Professional Privilege guidance notes

AUSTRAC Report Templates Included

SMRTTR

Law firms must lodge SMR reports within 3 business days of forming a suspicion in connection with a designated service. Legal professional privilege applies narrowly and does not provide a blanket exemption from SMR obligations.

AML/CTF Program Components

Law Firm Tranche 2 Risk Assessment

Designated Services Identification Register

Client Identification Procedures

Matter Acceptance Policy

AUSTRAC Enrolment Preparation Checklist

CDD Records Register

Risk Areas This Pack Addresses

Shell company and complex trust formation used to layer and conceal beneficial ownership

Client trust account misuse to layer criminal proceeds through the firm's accounts

Legal professional privilege creating compliance tension around information disclosure

Property transactions used as the vehicle for large-scale money laundering

How VeriGo Automates Your Obligations

Matter-based CDD workflows — client intake, identity verification, and risk assessment at matter open

Beneficial ownership mapping for complex corporate and trust structures with UBO identification

Client trust account monitoring with configurable rules for unusual transaction detection

SMR preparation and case management tools for MLRO review and regulatory reporting

AML/CTF program template for law firms with matter risk assessment and staff training tracking

Getting Started in 5 Steps

Select "Law Firm Pack" on account creation

Map your practice areas to designated services

Configure matter intake CDD workflow

Apply CDD to active matters for existing clients

Complete AML/CTF Program and AUSTRAC enrolment

Scale

Legal Pack

7-day free trial — no credit card

Start your free trial and the Legal Pack is configured automatically on day one. No consultants, no setup fees, no surprises.

Start Free Trial

Want a guided walkthrough?

Book a 30-minute demo with our compliance team. We'll walk through exactly how the Legal Pack works for your business and answer any AUSTRAC-specific questions.