LedgerAML
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AML compliance software for accountants and bookkeepers

From 1 July 2026, accountants, bookkeepers and BAS agents who provide designated services are reporting entities under Australia's AML/CTF Act. LedgerAML gives a firm of one to ten people everything AUSTRAC expects, in one plan, without a consultant.

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AU$99.90 per firm per month, inc. GST. One plan, everything included.

What changed on 1 July 2026

  • You must write and adopt an AML/CTF program, and review it every year.
  • Every client needs an identity check, a risk rating and a review date, kept on file for 7 years.
  • A suspicious matter must reach AUSTRAC within 3 business days. Cash of AU$10,000 or more, within 10.
  • Consultants quote thousands of dollars to set this up. Most small practices do not have a spare week either.

What AUSTRAC expects from your firm

Seven obligations. LedgerAML has one screen for each.

  1. 1.
    Enrol with AUSTRAC
    Within 28 days of first providing a designated service.
  2. 2.
    Adopt a written AML/CTF program
    A risk assessment and policies, approved and reviewed every year.
  3. 3.
    Appoint a compliance officer
    Someone at management level responsible for the program.
  4. 4.
    Verify every client's identity
    Before the service starts, and again when risk changes.
  5. 5.
    Rate and review client risk
    Low, medium or high, with periodic reviews on a schedule.
  6. 6.
    Report to AUSTRAC
    Suspicious matters in 3 business days; cash of AU$10,000 or more in 10.
  7. 7.
    Keep records for 7 years
    Identification, transactions, reports and reviews, with an audit trail.

How LedgerAML does it

Program
Answer ten questions about your practice: services, staff, risk factors, compliance officer. LedgerAML generates your AML/CTF program, versions it each time you save and gives you a document to print and adopt.
Clients and KYC
Record the identity document you sighted, who verified it and when. Built-in rules rate each client low, medium or high risk and set the next review date. Nothing is ever deleted: archived clients stay on file for the 7 years the law requires.
Reports and audit trail
Log a suspicious matter or a cash transaction over the threshold and the legal deadline starts counting. Every action in the firm is timestamped in an audit trail you can hand to AUSTRAC as a CSV.
One plan
AU$99.90 / month, inc. GST
  • AML/CTF program, generated and versioned
  • Unlimited clients, KYC records and risk ratings
  • Review reminders, SMR and TTR deadlines
  • Annual staff training module
  • Audit trail you can download for AUSTRAC

14-day free trial. Cancel any time.

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Questions people ask

Do accountants and bookkeepers need to comply with AML/CTF laws in Australia?
Yes, if they provide a designated service. From 1 July 2026, accountants, bookkeepers and BAS agents who do things like manage client money, help set up companies or trusts, or assist with buying or selling a business or property are reporting entities under the AML/CTF Act. They must enrol with AUSTRAC, adopt an AML/CTF program, verify client identity, keep records for 7 years and report suspicious matters.
What does LedgerAML actually do?
It gives a small practice one place for each legal obligation: a generated and versioned AML/CTF program, client identification and risk records, review reminders, suspicious matter and threshold transaction logging with deadlines, annual staff training, and a tamper-evident audit trail.
Is LedgerAML legal advice?
No. LedgerAML is software that helps you record and manage your obligations. The program it generates is a template built from your answers; your firm decides whether it fits and adopts it. If you are unsure, get advice from a qualified professional.
How much does it cost?
AU$99.90 per firm per month, including GST, with a 14-day free trial. There is one plan and it includes everything.
Does a sole practitioner need all this?
Yes. The obligations apply to the reporting entity, not to its size. A sole practitioner who provides a designated service needs a program, client due diligence, records and reporting just like a larger firm. The program is simply shorter.

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No card details until you decide to keep it. Set up your program in the first ten minutes.

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LedgerAML

AML/CTF compliance built for accountants and bookkeepers

LedgerAML — AML compliance software for accountants and bookkeepers