AccountingAML Tranche 2 Compliance for Xero Users
Australian accounting professionals using Xero can prepare for AML/CTF Tranche 2 with a dedicated compliance portal. HeadStart Docs™ provides a purpose-built AML workspace that sits alongside your accounting software, keeping compliance records separate and secure.
Why Xero Users Need Tranche 2 Compliance
In 2026, Australian accounting practices offering designated services will become AML/CTF reporting entities. If caught by the Act, you'll need an AML/CTF Program, customer due diligence processes and proper record-keeping.
HeadStart Docs™ provides a dedicated AML compliance portal where your team can manage sanctions screening, customer due diligence, risk assessments and record-keeping in one purpose-built workspace, separate from your accounting files.
How It Works
1. Get Your AML Program
Purchase your accounting sector AML/CTF Program and download.
2. Screen Clients
Use the AML Portal to screen clients against DFAT and international sanctions lists.
3. Manage in the Portal
Track ongoing compliance, monitor screening schedules and maintain your audit trail in the dedicated AML Portal.
Why Xero Users Choose HeadStart Docs™
Dedicated AML Workspace
Keep AML compliance records separate from your general accounting files. Better security, better access controls, better audit outcomes.
Immutable Audit Trail
Every screening, identification and decision is logged with timestamps for AUSTRAC inspections.
Bring Your Own Storage
Optionally connect your own AWS, Azure or Google Cloud storage for total data sovereignty over sensitive PII.
Accounting Specific
AML Programs and portal workflows designed specifically for Australian accountants.
Frequently Asked Questions
How does HeadStart work with my accounting software?
HeadStart Docs™ is a dedicated AML compliance portal that works alongside your accounting software. You continue using Xero for everyday accounting. AML compliance, including sanctions screening, CDD and record-keeping, is managed in the HeadStart portal.
Which accounting services trigger AML obligations?
Designated services for accountants include certain financial and company-related activities. Tax return preparation alone may not trigger obligations, but check the legislation for your specific services.
Do bookkeepers need AML compliance?
If you provide designated services as defined in the AML/CTF Act, you'll need to comply. Many bookkeeping activities may not be designated services, but review the legislation or seek advice for your specific situation.
What is Bring Your Own Storage (BYOS)?
BYOS lets you connect your own cloud storage (AWS S3, Google Cloud Storage or Azure) to the AML Portal. Your sensitive PII stays on your infrastructure under your governance, while the portal handles workflows and audit trails.
Ready for AML Tranche 2 Compliance?
Get your Tranche 2 AML/CTF Program today.
Disclaimer: This page provides general information only and does not constitute legal advice. Information about third-party products is based on publicly available information at the time of writing and may not be current or accurate. We do not guarantee the accuracy of information on this page. Always seek advice specific to your circumstances.
All product names, logos and brands mentioned on this page are property of their respective owners. HeadStart Docs Pty Ltd is not affiliated with, endorsed by or associated with any third-party software providers listed on this page. Use of these names is for identification purposes only and does not imply endorsement.