Explore how Australia's Tranche 2 AML/CTF reforms affect accountants. Learn about new compliance obligations, including client due diligence and reporting requirements.

AML Tranche 2 for Accountants, powered by NameScan, strengthens Anti-Money Laundering (AML) compliance in the accounting sector. This phase focuses on enhancing due diligence, monitoring transactions, and screening clients against global watchlists. By ensuring strict adherence to regulatory requirements, it helps accountants identify and mitigate risks related to money laundering, preventing financial crimes and maintaining industry integrity.