COMPULSORY: AML/CTF Tranche 2 Training Course Briefing for Accountants: What AUSTRAC Expects
by 1 July 2026
2 JULY 2026 | 12:00 - 1:00 PM AEST | Online via Zoom
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From 1 July 2026, accounting firms providing designated services become reporting entities under Australia’s AML/CTF regime. This briefing is designed for public accountants who want partner-level clarity on what AUSTRAC expects in practice and what a turnkey, audit-ready compliance training and implementation program looks like when it is done properly.
This session also introduces the Best Practice Group turnkey AML/CTF Tranche 2 Training & Implementation Program: a complete, evidence-based system including the Playbook, templates, checklists, staff training, assessments, certification, and an audit-ready evidence trail.
WHAT YOU'LL DISCOVER
- What AML/CTF Tranche 2 means for accountants and what AUSTRAC expects in practical terms
- How to identify designated services and where firms get caught by scope creep
- What minimum customer due diligence (CDD) and beneficial ownership checks look like on real client files
- How a practical risk rating and approval threshold model works (and what must be documented)
- What ongoing monitoring should look like in a small-to-mid practice (event-driven first, periodic refresh second)
- The internal escalation pathway and how to avoid tipping off
- What “audit-ready evidence” looks like: training records, assessment evidence, decision records, and file hygiene
WHO SHOULD ATTEND
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Partners, directors and principals of public accounting firms
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Practice managers and operations leads
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Managers responsible for onboarding, client acceptance, and monitoring
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The nominated AML/CTF Compliance Officer (or the person who will be appointed)
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Firms seeking evidence-based staff training and certification that stands up to scrutiny
MASTERCLASS AGENDA
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5 mins: Context – what changed and why it matters to partners
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10 mins: Scope – designated services, triggers, and scope creep risk
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15 mins: Onboarding – minimum CDD and beneficial ownership (what “good” looks like)
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10 mins: Risk rating + acceptance decisions – how to document defensibly
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10 mins: Monitoring + escalation + tipping off – what firms must get right
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10 mins: The turnkey program – what you receive, how certification/evidence works, next steps
WHY THIS MATTERS
AUSTRAC will not assess your intentions. It will assess your controls and your evidence. Partners are accountable for ensuring the firm’s AML/CTF program is not only written, but operational with trained staff and defensible documentation.
This briefing is designed to help you understand what needs to be true in your firm so you can operate confidently and avoid preventable compliance failures.
WHAT YOU WILL LEAVE WITH
- What AML/CTF Tranche 2 means for accountants and what AUSTRAC expects in practical terms
- How to identify designated services and where firms get caught by scope creep
- What minimum customer due diligence (CDD) and beneficial ownership checks look like on real client files
- How a practical risk rating and approval threshold model works (and what must be documented)
- What ongoing monitoring should look like in a small-to-mid practice (event-driven first, periodic refresh second)
- The internal escalation pathway and how to avoid tipping off
- What “audit-ready evidence” looks like: training records, assessment evidence, decision records, and file hygiene
TRUSTED BY ACCOUNTANTS AND FIRMS
I can highly recommend Best Practice to any accounting firm looking to introduce essential new technology to their practice!
John is a brilliant operator! For several years, I’ve witnessed firsthand the profound impact he has had on both his clients’ businesses and the people who own them.
I can highly recommend Best Practice to any accounting firm looking to introduce essential new technology to their practice, improve work life balance, ease of ownership, profitability, sustainable growth, and to develop a clear, successful exit strategy for the future.
Brendan
Highly Recommended for Accounting & Bookkeeping Firms Seeking Scalable Growth and Strategic Clarity!
If you're an accounting or bookkeeping firm looking to elevate your practice, I highly recommend the training program offered by Best Practice Group. What sets this program apart is its dual focus on both the individual and the business as a whole, ensuring personal growth while systemising every aspect of operations.
Their approach is comprehensive and strategic. From systemising processes and procedures to productising services across the entire business cycle, Best Practice Group helps firms build efficient, scalable models.
The BookSitters Australia
I would thoroughly recommend accounting firm principals to John Peterson and the Best Practice Team to help take their business to a new level of productivity and performance.
The Best Practice program has delivered a transformational pathway for CHN Partners as a firm, as well as individually for each of our staff members.
My own personal journey towards greater self-belief and understanding of key success factors for an accounting business is already returning multiple positives, uplifting the whole team and paying dividends.
Andrew M.
MEET YOUR SPEAKERS
Robert Coorey is a business leader and marketing expert with a proven history of scaling businesses. As the owner of Proactive Business Services, he combines entrepreneurial drive with financial expertise to support Australian businesses. Rob is an associate member of CPA Australia.
Expertise: He specialises in business advisory, financial management, tax planning, and technology integration. His background in marketing, technology, and sales enables him to deliver innovative, practical solutions for high-growth companies.
Experience & Education: Robert holds a Bachelor of Computer Science (scholarship recipient) and an MBA. He co-founded Archistar, a multi-million-dollar software company, and founded Nagaris, an Accounting CRM platform. Additionally, he authored Feed a Starving Crowd and The Subscription Playbook. His entrepreneurial experience complements his CPA membership and dedication to accounting excellence.
Alf Magnano is a Director at CP Partners and a trusted adviser to public accounting firms and business leaders navigating increased regulatory and operational complexity. With extensive experience across professional services and small-to-medium enterprises, Alf is known for translating complex obligations into clear priorities, practical workflows, and evidence-ready implementation.
In the context of AML/CTF Tranche 2 (Stage 2), Alf brings a partner-level lens to what matters most: scope clarity (designated services), KYC/CDD discipline, beneficial ownership (UBO) in trust and layered structures, monitoring triggers, escalation pathways, tipping off risk controls, and the training evidence AUSTRAC expects to see. His approach is grounded and outcome-focused, helping firms build a compliance operating system that is workable in day-to-day practice, defensible under scrutiny, and supported by clear accountability.
In this masterclass, Alf will share the practical insights accounting firm owners and partners need to be operational by 1 July 2026, cutting through noise and focusing on what AUSTRAC expects in practice, and how to implement it without creating unnecessary bureaucracy.
REVIEW REGISTRATION
FREE MASTERCLASS: AML/CTF TRANCHE 2 FOR ACCOUNTING FIRMS (AUSTRALIA)
Thu, 2 July, 2026 12:00 PM - 1:00 PM AEST
DISCLAIMER
This session provides general information only and does not constitute legal advice. Firms should obtain independent legal advice regarding their specific obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and associated Rules.