Australia’s Tranche 2 anti-money laundering reforms are now in effect. From 1 July 2026, businesses providing certain designated services in real estate, legal, accounting, trust and company services, and precious metals or stones must comply with Australia’s expanded Anti-Money Laundering and Counter-Terrorism Financing framework. This guide explains what Tranche 2 AML means, which businesses may […]
A common question we receive is “Why does my monitor stay in ‘PENDING’ status for the first 3 days? Can’t I get results instantly?” 📌 What Does “Pending” Mean? When you create a monitoring record, the status may appear as “PENDING” during the first three days only if no hits (matches) are found immediately. This […]
Why is monitoring important? Simply put, it’s the Law. The Anti Money Laundering and Prevention of Funding of Terrorism Regulations require that subject persons monitor customers and involved parties against Politically Exposed Persons (PEPs) lists and sanctioned lists for potential political exposure and sanctioned status. When are we obliged to monitor? If it is an […]