An entity that provides any designated services listed under section 6 of the AML/CTF Act. These entities generally provide financial, gambling, bullion or digital currency exchange services. From 1 July 2026, new designated services will come under regulation that are typically provided by the following businesses, known as tranche 2 entities:
- real estate professionals – such as real estate agents, buyer's agents and property developers
- conveyancers
- dealers in precious metals, stones and products
- lawyers
- accountants
- trust and company service providers.
Additional virtual asset-related services will also come under AML/CTF regulation from 31 March 2026.
Learn more on New industries and services to be regulated (Reform).
All reporting entities must meet obligations under the AML/CTF Act.