AML CTF Compliance Australia | Customer Due Diligence & AUSTRAC Software

Transparent Pricing

Credits. Transparent pricing. No surprises.

ARCaml runs on a simple credit model — buy a package upfront and credits are consumed as CDD events are completed. One credit equals one entity checked. Every completed event generates a receipt on your platform so you always know what was checked, when, and at what cost.

Four packages to match your practice size, from $2,000 Starter through to the Opening Offer at $50,000 available until 30 June 2026 at our lowest-ever per-credit rate.

Starter

$2,000

40 credits

$50 per credit

Growth

$5,000

120 credits

$41.67 per credit

Includes customised July 1st AUSTRAC readiness pack

Popular

Enterprise

$25,000

700 credits

$35.71 per credit

Includes customised July 1st AUSTRAC readiness pack

★ Limited

Offer

$50,000

1,667 credits

$30 per credit

Includes customised July 1st AUSTRAC readiness pack

Why AML/CTF Compliance Demands More Than Spreadsheets

Australia's anti-money laundering and counter-terrorism financing landscape is shifting. AUSTRAC requirements for customer identification, beneficial owners verification, and ML/TF risk management are now mandatory.

80K+

New reporting entities from July 2026

$22M+

Maximum penalty per contravention

7 Years

Record retention requirement

24/7

Ongoing monitoring required

New Regulatory Framework

AML/CTF Amendment Act 2024 — Sweeping changes to customer identification & risk assessment
AML/CTF Rules 2025 — Updated CDD, transaction monitoring & reporting requirements
Tranche 2 (July 2026) — Lawyers, accountants, real estate agents now regulated

Customer Due Diligence Steps

1 Identify & verify customers (KYC/KYB)
2 Determine beneficial ownership structures
3 Screen for PEPs & sanctions
4 Assess ML/TF risk levels
5 Continuously monitor throughout relationship

The Risk of Spreadsheets, Word Documents & Filing Cabinets

Manual compliance processes — spreadsheets, Word documents stored on local drives, paper records in filing cabinets — are no longer adequate for the obligations imposed by the AML/CTF Amendment Act 2024. These approaches introduce significant operational and regulatory risk:

PII exposure risk — client identification documents stored insecurely on local devices or shared drives

Cyber security vulnerability — no encryption, no access controls, no audit trail for sensitive compliance data

No version control — inability to demonstrate a complete, tamper-evident record to AUSTRAC auditors

Regulatory non-compliance — manual processes cannot reliably meet ongoing monitoring, PEP screening, or 7-year record retention obligations

A purpose-built SaaS compliance platform eliminates these risks by providing encrypted storage, role-based access controls, automated screening, and a verifiable audit trail — without the overhead of building and maintaining in-house infrastructure. AUSTRAC penalties can reach $22.2 million per contravention.

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AML/CTF Obligations Now Extend to Gatekeeper Professions

Under Australia's AML/CTF framework, some professions are known as "gatekeepers " because they can unknowingly help move or hide illicit money. Lawyers, accountants, real estate agents, and trust and company service providers all play a role in how people access the financial system. In that sense, they are the gate.

iDeedworks provides the structure and parts that supports the gate; the hinges, the locks, and the frame and expertise. We equip the gatekeeping professionals with the compliance tools, the verification process results and the secure record-keeping systems they need to fulfil their AUSTRAC obligations and protect the integrity of Australia's financial system and citizens alike.

Residential, commercial & leasing

Real Estate

Agents | Property managers | Trust accounts | High-value purchases

Explore compliance steps

Property & financial matters

Lawyers & Conveyancers

Conveyancing | Settlement agents | Trust monies | Complex structures

Explore compliance steps

Client funds & entity formation

Accountants & Auditors

Advisory services | Company/trust setup

Explore compliance steps

Lenders, Gaming & Gambling & Other AUSTRAC Reporting Entities

Other Reporting Entities

Non-bank lenders | Gambling services | Financial service providers

Explore compliance steps

High-value transactions

Gem & Precious Metals

Bullion dealers | Jewellers | Second-hand precious goods | Cash-intensive trade

Explore compliance steps

Gatekeepers hold the line against financial crime. Criminals target these professions precisely because they facilitate access to the financial system — through property transactions, corporate structures, trust arrangements, and financial advice. Under the AML/CTF Amendment Act 2024, if you provide designated services with a geographical connection to Australia, you must enrol with AUSTRAC, develop an AML/CTF program, appoint a compliance officer, and conduct customer due diligence on every client. iDeedworks ensures you have the systems to meet these obligations.

Complete AML/CTF Compliance Platform Built for Australian Businesses

ARCaml

Customer Due Diligence Platform

ARCaml handles the heavy lifting of customer due diligence so you can focus on serving your clients. Through a structured CDD Outsourcing Agreement, we manage the verification processes that AUSTRAC expects while you retain oversight and control.

iCDD — Initial Customer Due Diligence

Customer identification and verification (KYC)
Business verification (KYB) - ABN/ACN, structure
Beneficial owner identification
PEP and sanctions screening
ML/TF risk assessment

eCDD — Enhanced Customer Due Diligence

Additional verification for higher-risk customers
Source of funds and wealth verification
Senior management approval workflows
Enhanced monitoring for PEPs

OGM — Ongoing Monitoring & Data Security

Continuous customer monitoring
Automated sanctions & adverse media alerts
AUSTRAC-compliant record retention
Complete audit trail for every decision

AUSTRAC-Aligned Compliance Built for Australian Businesses

iDeedworks was purpose-built for Australian AML/CTF obligations, aligned with AUSTRAC's regulatory guidance and the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

Built for the Australian regime — not adapted from US or UK frameworks, but designed ground-up for AUSTRAC requirements

Australian data sovereignty — customer data stays in Australia on AWS infrastructure

Ongoing regulatory updates — as AUSTRAC releases new guidance and rule changes, ARCaml evolves to match

Tranche 2 ready — specifically supporting accountants, lawyers, and real estate professionals entering the regime in July 2026

Trusted verification partners — integrated with AUSTRAC-compliant identity verification providers

CDD outsourcing model — reduce your compliance workload while maintaining accountability through our structured agreement

Compliance Hub

AML/CTF Compliance Resources

Everything you need to know about Tranche 2 reforms and AUSTRAC compliance for Australian businesses

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Getting Started

Essential compliance fundamentals

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Industry Guides

Sector-specific compliance guidance

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Key Compliance Topics

Deep dives into AML/CTF requirements

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Definitions & Glossary

Key terms explained

Common Questions About AML/CTF Compliance & Customer Due Diligence

Everything you need to know about AUSTRAC obligations, politically exposed persons (PEP) screening, beneficial owner identification, source of funds verification, and your AML CTF program requirements.

What is Customer Due Diligence (CDD)?

Customer due diligence is the process of understanding who your customers are before providing them with designated services and throughout your business relationship. CDD involves collecting and verifying customer identification, identifying beneficial owners, screening for politically exposed persons and sanctions, assessing money laundering and terrorism financing risks, and maintaining appropriate records. Under Australian law, you must complete initial CDD before providing a designated service and conduct ongoing CDD throughout the relationship.

What is Enhanced Due Diligence (EDD) and when is it required?

Enhanced due diligence means taking additional verification steps for higher-risk customers. You must apply EDD when dealing with politically exposed persons, customers from high-risk jurisdictions, complex ownership structures, or when you've identified unusual transactions that may require a suspicious matter report. EDD measures include verifying source of funds, obtaining senior management approval, and increasing monitoring frequency.

What is a Politically Exposed Person (PEP)?

A politically exposed person holds or has held a prominent public function, whether domestically or internationally. This includes heads of state, senior politicians, judicial figures, military leaders, and executives of state-owned enterprises. PEP status extends to their family members and close associates. Because of their position and influence, PEPs present elevated bribery and corruption risks that require enhanced due diligence measures throughout the business relationship.

When do the Tranche 2 AML/CTF reforms take effect?

Tranche 2 AML/CTF obligations commence on 1 July 2026 for newly regulated professions including accountants, lawyers, conveyancers, real estate agents, and dealers in precious metals and stones. Enrolment with AUSTRAC opens from 31 March 2026, and newly regulated entities must enrol by 29 July 2026. AUSTRAC expects businesses to begin preparation well before the commencement date.

What are the penalties for AML/CTF non-compliance?

AUSTRAC can impose civil penalties up to $22.2 million per contravention for corporations and substantial penalties for individuals. Criminal penalties including imprisonment apply for serious breaches. Beyond financial penalties, non-compliance can result in reputational damage, loss of professional licences, and exclusion from the financial system. The recent Westpac enforcement action demonstrated AUSTRAC's willingness to pursue significant penalties.

What records must I keep for AML/CTF compliance?

Reporting entities must keep records demonstrating how they established customer identity, assessed ML/TF risk, conducted ongoing monitoring, and made decisions throughout the CDD process. Records must be retained for seven years after the business relationship ends and must be readily accessible if requested by AUSTRAC. This includes identity documents, verification results, risk assessments, and any enhanced due diligence measures applied.

Ready to Simplify Your AML/CTF Compliance & Customer Due Diligence?

Whether you're an existing reporting entity adapting to the new AML/CTF Rules or a gatekeeper profession preparing for Tranche 2 in July 2026, iDeedworks has the tools to make compliance manageable.

Activate Your Regulatory Capability and let us handle your customer due diligence, or contact our team to discuss your specific compliance requirements.

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Why Trust iDeedworks

Our expertise is built on deep regulatory knowledge and industry experience aligned with AUSTRAC standards

AUSTRAC Aligned

Australia's official AML/CTF regulator standards

Industry Experts

Verified compliance specialists with proven track record

Always Updated

Content current with 2026 regulations

Content sourced from and aligned with AUSTRAC guidance and regulatory requirements.

AML/CTF Compliance That Actually Makes Sense

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