AML/CTF Compliance Software for Accountants Australia 2026

Q: Do BAS agents and tax agents need AML/CTF compliance too, or just full accountants?

If you provide any designated service under the AML/CTF Act — company or trust formation, managing client money, or acting on behalf of clients in property or business transactions — you're in scope regardless of whether you're a registered tax agent, BAS agent, or full accountant. Pure tax return and BAS lodgement work alone typically falls outside Tranche 2, but most accounting practices offer at least one in-scope service. When in doubt, run AUSTRAC's self-assessment tool or check with a compliance specialist.

Every other AML tool is built for the wrong person

Existing AML software is designed for a single firm managing its own compliance. None of them are built for Tranche 2 reporting entities managing it for 20, 30, or 50 clients.

You manage dozens of clients

Existing tools make you create a separate account per client. You'd need 50 logins, 50 dashboards, 50 separate subscriptions. That's not a workflow.

Spreadsheets don't work

Tracking KYC status, risk levels, document expiry, and AML programs for 40 clients in a spreadsheet is a compliance liability, not a solution.

Compliance is billable — if you're efficient

AML compliance services are a new revenue stream for Tranche 2 reporting entities. But only if you can deliver them at scale without spending hours per client.

The deadline is now

AUSTRAC enrolment opened 31 March 2026. Your clients are calling. You need a tool that works the way your practice works.

How CompliDesk works

One login. Every client.

CompliDesk gives you a single dashboard to manage AML compliance across your entire client base — efficiently, professionally, and in a way you can charge for.

Import your clients

Upload your existing client list via CSV or add clients manually. CompliDesk identifies which clients need AML compliance and what level of due diligence applies.

Run KYC checks

Verify client identities electronically using the Biometric identity verification (Didit). Results are stored in a tamper-proof audit trail. No more photocopying licences.

Generate AML programs

Create a tailored AML/CTF program for each client from guided templates. AUSTRAC-aligned and customisable to each firm's risk profile.

Monitor and alert

CompliDesk monitors risk levels, document expiry dates, and re-screening requirements. You're alerted when a client needs attention — before it becomes a problem.

Bill for compliance services

Built-in lets you manage all AUSTRAC reporting for AML compliance as a managed service. Turn a regulatory burden into a recurring revenue stream.

What AML compliance services could mean for your practice

$150Per client per month (typical)

30Average clients per firm

$54kNew annual revenue potential

Features built for Tranche 2 reporting entities

Everything you need. Nothing you don't.

CompliDesk covers all 8 AUSTRAC obligations — designed around how accounting practices actually work.

Multi-client dashboard

See every client's compliance status at a glance. Risk flags, overdue reviews, and expiring documents surfaced automatically across your whole practice.

Electronic KYC verification

Verify individuals and entities using the Australian Biometric identity verification (Didit) and biometric ID checks. Fast, defensible, and audit-ready.

Trust and company structure mapping

Map beneficial ownership for complex trust and corporate structures — the area where most accounting clients have the highest complexity.

AML program templates

Generate a tailored AML/CTF program for each client in minutes. Pre-built templates aligned to AUSTRAC guidance, customisable to each firm.

Secure multi-user portal

Put your firm's brand on the client-facing portal. Your clients see your name, not CompliDesk's. Turn compliance into a premium branded service.

SMR workflow

Guided suspicious matter report workflow aligned to AUSTRAC standards. Review, approve, and lodge — with tipping-off controls built in.

Staff training tracker

Built-in AML training modules with quizzes and progress tracking for your team. AUSTRAC requires documented training — CompliDesk makes it automatic.

Team access with role-based permissions

Invoice clients for AML compliance services directly from CompliDesk. Track time, set recurring charges, and manage billing across all clients.

New: Privacy Act

The Privacy Act now applies to your AML data

From 1 July 2026, reporting entities are covered by the Privacy Act for personal information handled in connection with their AML/CTF obligations — even under $3 million turnover. See what changed and get early access to the CompliDesk Privacy module, launching August 2026.

See what changed

Questions accountants ask us most

If you provide any designated service under the AML/CTF Act — company or trust formation, managing client money, or acting on behalf of clients in property or business transactions — you're in scope regardless of whether you're a registered tax agent, BAS agent, or full accountant. Pure tax return and BAS lodgement work alone typically falls outside Tranche 2, but most accounting practices offer at least one in-scope service. When in doubt, run AUSTRAC's self-assessment tool or check with a compliance specialist.

Technically yes, nothing in the Act mandates specific software. In practice, a spreadsheet can't run biometric ID verification, screen clients against sanctions and PEP lists in real time, calculate risk scores consistently, or produce a tamper-proof 7-year audit trail — all things AUSTRAC expects a working AML/CTF program to demonstrate. Most firms find the time cost of manually tracking this across even 20-30 clients quickly exceeds CompliDesk's $39/month starting price.

Most sole practitioners and small firms are fully set up — AML/CTF Program generated, first clients onboarded and screened — within a single afternoon. Bulk CSV import handles your existing client list in minutes, and our guided setup walks you through AUSTRAC's exact requirements step by step, so you're not starting from a blank page.

Nothing changes in Xero itself. CompliDesk connects as a read-only integration to pull your existing contact list, so you're not manually re-typing client details. Your accounting workflow in Xero, MYOB, or your practice management software stays exactly as it is — CompliDesk sits alongside it purely for AML/CTF compliance.

AML/CTF Compliance Software for Accountants