AML Compliance for AUSTRAC-Regulated Businesses

AUSTRAC Compliance Is Changing. SEON Gets You There.

AUSTRAC’s reformed AML/CTF framework is now in effect for Tranche 1 businesses — digital banks, payment and remittance providers, and betting and gaming operators. SEON moves you from legacy programs to risk-based compliance with a single integration that automates screening, monitoring and reporting. Live in as little as 5 days.

Automate Suspicious Matter Report (SMR) filing, transaction monitoring and customer screening in one workflow
Build a risk-based AML/CTF program that meets AUSTRAC’s new framework, not just the old checklist
Add context to every investigation with 900+ real-time fraud signals

Connect with APAC Fraud Experts

This form may not be visible due to adblockers, or JavaScript not being enabled.

Trusted by the World’s Most Ambitious Companies

Pre-KYC Screening

Block High-Risk Applicants Before AML Checks Begin

Score risk signals across email, phone and IP before formal KYC checks, enabling early fraud detection at onboarding
Detect synthetic identities, disposable emails, suspicious IPs and device manipulation before compliance obligations are triggered
Use digital footprint analysis and device intelligence to flag high-risk applicants before full AML screening begins

Transaction Monitoring

Monitor Transactions in Real Time and Flag Suspicious Activity

Catch structuring and smurfing using real-time velocity rules — the patterns most likely to trigger SMR obligations under AUSTRAC’s AML/CTF Act
Eliminate the blind spots of legacy batch processing by evaluating transactions the moment they are initiated
Create precise alert trigger logic for any risk scenario using behavioral, transactional and AML-specific signals to support SMR decision-making

Customer Screening and Monitoring

Automate AML Screening to Your Exact Requirements

Automatically screen customers against global sanctions, watchlists, PEPs and adverse media without code
Configure fuzzy logic settings per list or source type to cut false positives and speed up investigations
Collaborate efficiently across teams and maintain a full audit trail without spreadsheets or silos

AI TOOLS

Move From Investigation to Action Faster Using AI Tools

Detect Fraud Patterns That Human Eyes Can’t

See the full picture instantly with AI summaries and risk signals
Understand what signals are driving the AI insights score
Reduce time spent reviewing flagged hits with the AML screening agent
Generate AI-written SMR narratives and auto-fill AUSTRAC report forms

Why Compliance Teams Choose SEON

Built for the AML Challenges Tranche 1 Businesses Face

One API for AML and Fraud

Access fraud signals, AML screening, payment screening, transaction monitoring and case management in a single integration — no stitching together multiple tools. For betting and gaming operators managing both player risk and regulatory obligations, this means one platform covering the full compliance surface.

No-Code AML Rule Builder

Create or refine rules that detect fraud and AML risks without code, adapting to new threats and regulatory expectations as AUSTRAC’s risk-based framework takes shape. Machine learning models improve detection accuracy while reducing manual reviews.

Audit-Ready Regulatory Reporting

Cut filing time with AI-written SMR narratives, auto-filled forms and direct submission. Maintain an audit trail and recordkeeping that satisfies AUSTRAC’s reporting requirements for every transaction.

Built for the Transition

Tranche 1 businesses have until March 2029 to move from legacy ACIP programs to AUSTRAC’s new risk-based CDD framework. SEON helps you make that transition now so you’re operating under the new standard well before the grace period ends, not scrambling at the deadline.

Speak with an expert

Trusted Across Tranche 1 Verticals

Went live with SEON in one day, integrating fraud prevention and AML compliance across its global gaming operations without disrupting existing workflows.

Achieved a 200 bps fraud improvement using SEON’s real-time data signals, strengthening risk detection across its payments and financial services infrastructure.

See all customer stories

The #1 AI Command Center for Fraud Prevention & AML Compliance

With over 350 reviews, SEON is the market leader and G2’s best fraud prevention platform.

Frequently Asked Questions

What AML capabilities does SEON provide for AUSTRAC-regulated businesses?

SEON provides a unified AML and fraud compliance platform covering pre-KYC screening, customer and payment screening against global sanctions, watchlists, PEPs and adverse media, real-time transaction monitoring, case management and regulatory reporting. All capabilities are accessible via a single API integration, helping AUSTRAC reporting entities meet their obligations under the AML/CTF Act.

Which regulated industries does SEON support?

SEON supports all current reporting entities including banking institutions, non-bank lenders, digital currency exchanges, remittance service providers, gambling operators and payment platforms. SEON is also purpose-built for Tranche 2 entities — including legal services, accounting firms and real estate businesses — who come under AUSTRAC obligations from 1 July 2026.

How quickly can SEON be integrated ahead of the Tranche 2 deadline?

SEON is often onboarded within days, not months. Our guided process ensures quick setup and immediate effectiveness. One customer integrated sandbox to live in a single week. With the 1 July 2026 Tranche 2 commencement approaching — when approximately 81,000 new businesses including lawyers, accountants and real estate agents become reporting entities — time to deploy matters.

How does SEON support AUSTRAC reporting obligations like SMRs and TTRs?

SEON’s transaction monitoring detects patterns that trigger AUSTRAC reporting obligations — including structuring activity relevant to Suspicious Matter Reports (SMRs) and cash transactions above AUD $10,000 for Threshold Transaction Reports (TTRs). SEON’s AI tools assist compliance officers with auto-filled report narratives and maintain full audit trails for every transaction and screening decision.

How does SEON reduce false positives in AML screening?

SEON uses advanced fuzzy matching with configurable settings per list or source type, meaning you control the precision of every screening rule. Enriched customer context from over 900 data signals helps reduce noise, speed up investigations and focus analyst time on genuine risk rather than false alerts.

What is the AUSTRAC Tranche 2 reform and who does it affect from July 2026?

The AML/CTF Amendment Act 2024 expands AUSTRAC’s jurisdiction from approximately 19,000 to approximately 100,000 reporting entities from 1 July 2026. Newly regulated businesses include lawyers, accountants, real estate agents, trust and company service providers, and dealers in precious stones and metals. These entities will need AML/CTF programs, compliance officers, and ongoing customer screening and transaction monitoring capabilities — all of which SEON delivers in a single platform.

Automate AML Compliance Without Slowing Down Growth

AUSTRAC’s Tranche 1 reforms cover fintech and betting and gaming sectors alike. Whether you’re processing payments or managing player risk, SEON delivers fraud prevention and AML compliance in a single integration.

5 days to integrate and onboard
87% drop in fraudulent transactions
200 bps increase in fraud detection accuracy at Revolut

Trusted by 5,000+ global organizations:

Speak With a Risk Expert

This form may not be visible due to adblockers, or JavaScript not being enabled.