AML/CTF Tranche 2 Hub
AML/CTF Compliance for Jewellery & High-Value-Goods Dealers — Simplified
All-in-one secure platform: risk-assessment template → guided implementation session → compliance-program guide → AUSTRAC-aligned training → automated KYC & reporting workflows.
Why High-Value-Goods Dealers Are Now in Scope
Tranche 2 makes high-value-goods dealers “reporting entities” from 1 July 2026
Businesses that accept cash payments of A$10 000 or more for goods such as jewellery, precious metals, luxury watches, gemstones, art or antiques become “reporting entities.”
You must:
Enrol with AUSTRAC within 28 days of first accepting a cash payment ≥ A$10 000.
Implement a written AML/CTF Program (Part A & Part B).
Perform Customer Due Diligence (CDD/KYC) on every customer making (or structuring) high-value cash purchases.
Monitor customers & report suspicious activity: file Suspicious Matter Reports (SMRs) and Threshold Transaction Reports (TTRs ≥ A$10 000 cash); submit International Funds-Transfer Instructions (IFTIs) if applicable.
Keep records for 7 years & train all staff.
Penalties: AUSTRAC can impose multi-million-dollar civil fines and pursue personal liability for owners / Compliance Officers in serious breaches.
Ready to get started?
The Five Biggest Risk Areas for Jewellery Businesses
Typical higher-risk scenarios:
Customer attempts to buy A$20 000 of jewellery in cash to avoid banking scrutiny.
Split-payments or “structuring”: e.g. two related buyers each pay A$9,900 cash for the same item.
Overseas buyer from a high-risk jurisdiction wanting to pay cash.
Third-party payer: someone other than the named customer pays the cash.
Politically Exposed Person (PEP) or sanctioned individual attempting a purchase.
Red-Flag Awareness: These examples come from AUSTRAC Gatekeeper-Sector Risk Indicators and our Jewellery-Sector Risk-Assessment Template.
The full Jewellery-Sector Red-Flag Checklist is included in our Compliance Guide (unlocked in the implementation session) and reinforced in our AUSTRAC-aligned e-learning.
See how WE CAN HELP WITH AML/CTF Compliance
Putting the Pieces Together
Step 1 — Risk Assessment (Free Download)
Start with our Jewellery-sector Risk-Assessment Excel Template to map out customer-types, sales-processes, delivery-channels, geographies, and transaction risks for your store or chain.
Step 2 — Sector-Specific Compliance Guide (Unlocked via Free Implementation Session)
Book a 30-min session → our specialist walks you through your risk-profile and hands you the Jewellery AML/CTF Compliance Guide with pre-filled Part A & Part B sections.
Step 3 — Activate Platform + Training
Staff complete our AUSTRAC-aligned e-learning (launch Nov 2025) → you switch-on My Databoss workflows: digital-ID → auto-risk-tier → custom EDD → audit-ready records.
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Here’s how AML/CTF fits naturally into a high-value cash sale in My Databoss
Daily Compliance in Practice
Open new TCSP engagement and invite customer to secure portal.
Digital-ID + biometric check (100-point ID, liveness detection & biometric-match.
Platform auto-screens PEP / Sanctions / Adverse-Media and assigns Risk-Tier.
High-Risk customer (e.g. $20 000 cash purchase from off-shore buyer) → auto-requires EDD form + Compliance-Officer approval before accepting cash.
All CDD/EDD reports & supporting docs auto-stored 7 years. Dashboards feeds Internal reporting. Keep your firm audit-ready always
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Learining HUB
Resources & Learning
[ AUSTRAC – Tranche 2 Reforms Overview ]
[ AUSTRAC – Sector-Specific Guidance ]
[ AUSTRAC – Red-Flag Indicators for Gatekeeper Sectors ]
[ Download Free Risk-Assessment Template (Excel) ]
[ Book Free Implementation Session → Receive Compliance Guide ]
[ Preview AUSTRAC-Aligned E-Learning Course (launch Nov 2025) ]
Why Jewellery Businesses Choose My Databoss
Integrated Everything - Risk-Assessment + Guide + Training + KYC workflows + Board-reporting — all in one secure portal.
Retail-Friendly Workflows - Designed for front-of-store & back-office teams, including split-payment flagging, cash-TTR automation, and adverse-media alerts.
Audit-Ready in Minutes - Version-controlled program docs, risk-logs, SAR register, training register — ready for AUSTRAC inspection any time
Start your AML/CTF journey today — protect your business and stay AUSTRAC-compliant.
Ready to Secure Your Business?
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