Australia's trusted AML/CTF solution for small businesses. Crafted to help your business meet its client obligations with confidence. Flagship AML provides compliance tools and resources and does not provide legal advice.
Tranche 2 compliance without the confusion.
A simple pathway to Tranche 2 AML/CTF compliance, ready in minutes.
Explore a clear, structured dashboard that guides you through Tranche 2 AML/CTF requirements step by step.
No. There are no specific sections under the Anti-Money Laundering and Counter-Terrorism Financing 2006 (as amended) or supporting Rules that require you to use a particular provider or to choose a high cost compliance solution. The law sets standards, not price points. What matters is that your business follows a structured and documented AML/CTF program that meets AUSTRAC requirements.
A compliant program must include a business risk assessment, policies and controls, customer due diligence, ongoing monitoring, reporting and record keeping. It must reflect the size, nature and risk profile of your business. The legislation is outcome focused. It does not mandate any specific vendor, platform or cost.
For many Tranche Two businesses, large expensive providers are unnecessary. High subscription fees are usually driven by overheads, not by legal need. Flagship AML offers the same essential compliance functions for a fraction of the cost because our processes are highly automated and our team is lean and legally trained. Our pricing reflects efficiency, not shortcuts.
If your AML/CTF program is well designed, risk based and properly maintained, you meet the requirements regardless of whether you pay $499 dollars per year or $11,999 dollars per year. Compliance quality is measured by effectiveness, not by expense.
AUSTRAC enrolment opens on 31 March 2026 and closes on 29 July 2026. Compliance obligations apply from 1 July 2026.
Sun Card Pty Ltd trading as Flagship AML is a 100% Australian owned and operated Anti Money Laundering and Counter Terrorism Financing platform.
No.
The platform supports all Tranche Two professions, with a strong focus on helping small Australian businesses with less than 20 employees navigate the new AML laws with clear and practical guidance. The platform is suitable for Tranche Two businesses including lawyers, conveyancers, accountants, tax agents, real estate agents, precious metals and stone dealers and trustee or company service providers.
Our platform is designed to support your AML/CTF obligations by enabling you to complete your own due diligence. We do not access or use your client information for any purpose other than by providing the service.
You must save all the reports downloaded using our platform, as this information will not save in our system. This is designed to protect client and customer confidentiality.
Information you enter may be temporarily processed or held on our secure servers for system functionality. Where this occurs, it is protected by strong encryption and strict access controls. The information is removed once it is no longer required for the operation of the tool. We do not view, use or retain client and customer information beyond what is necessary to deliver the service, and we do not store client information in a form that can be accessed or read by us.
Due diligence means making sure you know who you are dealing with and how any goods or services will be used, particularly when there is a risk of sanctions. You must understand your customer, their business and their structure, and ensure compliance with Australian and international sanctions laws.
As a minimum, you must:
You must assess risk, document a compliance program, verify client or customer identities, monitor activity, submit required reports and retain records for 7 years.
You must collect and verify identity evidence such as a passport, driver license or other reliable government issued documents, confirm beneficial ownership, and for higher risk matters, verify the source of funds or source of wealth.
When verifying your client or customer's identification, we will never ask you to scan an individual's identification into our platform. We recommend that you establish a free account with Australia Post Digital ID and use this trusted system for safely verifying your client or customer's identification within Australia.
Depending on the level of risk and due diligence required, you may also need to sight original identity documents or accept certified copies from authorised persons.
Know Your Client or Customer (KYC) checks must be completed before you provide any designated service. A designated service is a service regulated under the Anti-Money Laundering and Counter-Terrorism Financing 2006 (as amended) and the supporting AML/CTF Rules. It includes services such as managing client funds including holding money in trust, creating companies or trusts, arranging finance for companies, facilitating the buying or selling of businesses and facilitating real estate transactions. Dealers of precious metals and stones engage in designated services when the transaction (or a series of transactions) is of an amount equal to or above AUD $10,000 which is settled in cash or virtual assets, or a combination of both. In this case, the precious metals and stone dealer needs to know when a series of transactions is linked and has triggered the threshold.
You must also update KYC if the risk changes. This may happen when new information arises, ownership changes, or the matter becomes higher risk.
Seven years for most AML /CTF related records.
Yes, but legal responsibility to comply with your AML/CTF obligations remains with you.
Suspicious matter reports, threshold transaction reports, international transfer reports and annual compliance reports, when requested.
Lawyers may be entitled to rely on legal professional privilege in some instances. Please seek legal advice to see if this is something that applies to you.
We provide a comprehensive AML solution that allows you to have full visibility and control over your AML and customer due diligence processes. We provide a user friendly dashboard which offers clear guidance to keep you on track. With our program AML compliance is made easy and stress free. We provide risk based rules, flag high risk, let you know when you need to inform AUSTRAC and guide you through next steps.
Our platform helps you maintain a clear paper trail which shows your AML/CTF processes. It guides you through collecting the information required for compliance, and it generates activity records that demonstrate the steps you have taken. You must save all the reports downloaded using our platform, as this information will not save in our system. This is designed to protect client confidentiality.
Our report generators are simple and straightforward. We offer helpful explanations of key terms and let you know when your transaction is low, medium or high risk.
The business risk assessment report comes with an explanation of the methodology behind the risk assessment, policies and training modules.
Yes. Your dashboard provides access to practical training materials that you can download or watch whenever it suits you. We also issue regular updates to keep you informed as AML/CTF requirements evolve.
We use encryption, strict access controls and continuous monitoring to protect your information.
Flagship AML is available on a flexible monthly subscription of AUD $42 (plus GST) per month, with no lock in contract.
A tailored business risk assessment report is available for an additional AUD $250.
If you choose an annual subscription, your tailored business risk assessment report is included at no additional cost, giving you a simple and cost effective way to meet your AML obligations from day one.
We are available to provide support by telephone or email from Monday to Friday during normal business hours.
The platform is designed to stay current and will apply relevant updates promptly as regulatory changes occur. You remain responsible for monitoring legal obligations applicable to your business.
Subscribers with an active, paid Flagship AML subscription who sign up directly through the Flagship AML website may receive 30 days of free access for every three successful referrals. There is no limit to the number of referral rewards you can earn.
Once your account is activated, you will be emailed your unique referral code. Your referral code is also available at any time in your User Dashboard.
If you have any questions about the referral program or your subscription, please contact us at support@flagshipaml.com.au
