Trust & Company Service Providers
AML Compliance for TCSPs
Industry solutions
From 1 July 2026, trust and company service providers will be subject to AML/CTF obligations. TCSPs are considered particularly high-risk given their role in forming and managing corporate structures that can be misused for money laundering.
AML Shield provides comprehensive compliance solutions for TCSPs, helping you understand and meet your obligations.
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Covered Services
When obligations apply
- Forming companies, partnerships, or other legal entities
- Acting as a director, secretary, or partner
- Providing a registered office or business address
- Acting as a trustee of a trust
- Acting as a nominee shareholder
- Arranging for others to act in the above roles
Key Obligations
What you need to do
- Develop a risk-based AML/CTF program
- Perform thorough customer due diligence
- Identify all beneficial owners
- Understand purpose of structures
- Monitor ongoing relationships
- Report suspicious matters to AUSTRAC
Ready to prepare your TCSP business?
Contact us for an online consultation on your Tranche 2 compliance needs.
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