A clear, structured way to meet new obligations with confidence — from program setup and risk assessment to KYC/KYB screening and audit readiness.
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Who this is for
Legal practitioners providing designated services.
Firms handling property-related legal matters.
Firms dealing with trusts, companies, and structuring.
Holding or managing client money to execute a transaction.
When obligations may apply
Law firms need clear governance structures and a verifiable audit trail to demonstrate compliance.
Key Tranche-2 AML Compliance Dates for Law Firms
How Syntrico AML Guardian helps Law Firms
Guided AML/CTF program builder tailored to your industry and risk profile.
KYC/KYB verification with PEP, sanctions and adverse media screening.
Business-wide risk assessment with clear ratings and controls.
Ongoing monitoring and transaction screening to detect suspicious activity.
Evidence logs, SMR preparation, and audit-ready record keeping.
Built-in training and compliance awareness for all staff.
Real-time compliance status, alerts and analytics at a glance.
Ready to simplify AML compliance for your law firm business?
A plain-English overview of what’s changing, who’s affected, and how to start preparing — in under 10 minutes.
Frequently Asked Questions
No — only matters involving designated services are in scope. This typically includes property transactions, company/trust formation, structuring, and managing client money.
KYB (Know Your Business) involves verifying the identity and structure of entity clients — including companies, trusts, and partnerships — and identifying beneficial owners.
AML Guardian guides you through layered entity verification, beneficial owner identification, and screening. Each step is documented for your audit trail.
Records of identity verification, risk assessments, monitoring, SMRs, training, and all compliance decisions — typically for at least 7 years.
All staff involved in providing designated services must receive AML/CTF training covering obligations, red flag identification, and your firm's compliance procedures.
You may need to file Suspicious Matter Reports (SMRs) with AUSTRAC when you form a suspicion, and threshold transaction reports for certain high-value transactions.
98% of Tranche 2 entities are currently unprepared. Don’t be one of them.
