Technology provider InfoTrack and major audit, tax, and advisory firm Grant Thornton have unveiled a collaboration to support professionals with the Tranche 2 AML/CTF reforms.
The collaboration will combine InfoTrack’s technology with Grant Thornton’s financial crime and regulatory expertise, and thus will support firms with the guidance and solutions needed under the new reforms, the firms said.
The arrangement will ensure the solutions delivered through InfoTrack are aligned with the AUSTRAC guidance being released in January 2026, in the face of a “new era in the fight against financial crime”.
“As the central hub for compliance within a firm, the Compliance Centre simplifies the obligations and is available to all firms with no subscription fees or upfront costs,” the statement said.
This national collaboration represents a pivotal step in Australia’s mission to reduce financial crime and strengthen protection for clients, practitioners and the broader community through practical, trusted and future-ready compliance solutions, the firms continued.
Over the coming months, InfoTrack and Grant Thornton will release insights, events and resources designed to help firms move from awareness to action.
Speaking about the partnership, InfoTrack chief operating officer Lee Bailie said that clarity will be crucial for legal and property professionals.
“These reforms exist to protect the community. Firms deserve clarity, and their clients deserve confidence,” he said.
“By combining InfoTrack’s technology with Grant Thornton’s expertise, we are giving firms a clear, supported path into compliance and helping safeguard the people whose money they manage every day.”
Grant Thornton risk consulting partner Richard Storey added that the collaboration reflects a global first.
“Compliance is at the heart of these reforms. The AUSTRAC Starter Kits will give the impacted Australian businesses something that has never existed anywhere else in the world,” he said.
“When similar reforms took place in the UK and other jurisdictions, firms were left without the clarity they needed. InfoTrack is an already trusted partner to, and uniquely placed to support, the property and real estate industry achieving AML compliance by establishing an AML framework that is rigorous, practical, and integrated into existing workflows.
“Our aim is to support firms with the tools and understanding they need to become compliant with their AML obligations and thereby prevent money laundering from infiltrating the Australian financial system.”
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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