Already regulated — obligations changed 31 March 2026
Remittance service providers
Remittance service providers are existing Tranche 1 reporting entities. You must both enrol and register with AUSTRAC, and your program obligations shifted to the new risk-based model from 31 March 2026. Many smaller operators run thin compliance functions and need to uplift.
What brings you into scope
Common designated-service triggers
Enrol and register
Remittance providers must both enrol on the Reporting Entity Roll and apply for registration with AUSTRAC.
Risk-based program uplift
Move from the prescriptive model to an outcomes-oriented, risk-based AML/CTF program.
Ongoing monitoring
Transaction monitoring, sanctions and PEP screening, and escalation processes fit to your risk.
Reporting discipline
Timely SMRs and TTRs, with records retained for seven years.
Your obligations
What you must put in place
These map directly to our service modules — we can build the program, run it for you, or evaluate one built elsewhere.
See our services- Maintain enrolment and registration with AUSTRAC
- Appoint an AML/CTF compliance officer
- Keep the ML/TF/PF risk assessment current
- Operate a risk-based AML/CTF program
- Perform CDD and ongoing due diligence
- Submit SMRs and TTRs on time
- Keep records for seven years
Other segments: Accountants · Lawyers · Real estate
Not sure where you stand?
Talk to us directly — 1300 557 173, or hello@kestrelassurance.com.au.