InfoTrack’s 3-Tiered Approach Supports Law Firm AML/CTF Compliance
As Australia prepares for the next wave of Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms, InfoTrack is stepping forward with technology-led solutions designed to ease the compliance burden on the legal profession.
At its LawTech and the New Economy conference in Sydney last week, InfoTrack hosted more than 400 legal and conveyancing professionals in person, with hundreds more joining online. John Ahern, CEO of InfoTrack, opened the event with a clear message:
“The future of law, tech and the new economy is not shaped by one of us; it’s shaped by all of us.”
His comments underscored the opportunity and responsibility facing the profession as it navigates both digital transformation and new regulatory obligations.
AML/CTF Tranche 2 and Beyond
Australia’s legal sector is preparing for the introduction of Tranche 2 AML/CTF reforms, which will bring lawyers into the scope of AUSTRAC compliance obligations. These reforms aim to strengthen risk-based due diligence procedures and prevent legal services from being misused for illicit financial activities.
While the legislation represents a necessary step to align Australia with international standards, it will inevitably increase the administrative and reporting burden on firms. Balancing compliance with client confidentiality and legal professional privilege will continue to be a challenge.
InfoTrack’s Compliance-Driven Innovation
In response, InfoTrack is developing an Australian AML/CTF solution specifically designed to meet AUSTRAC requirements. This solution will be housed within its dedicated Compliance Centre and integrated into case management workflows, enabling seamless digital client onboarding.
Designed by InfoTrack’s in-house legal team, the Compliance Centre will support family, estate, and property matters. Importantly, AI-powered services will underpin the platform, ensuring it caters to firms across different states, territories, and local government areas.
Australia Catching Up Globally
For many years, overseas jurisdictions have implemented AML compliance regimes within the legal profession. With these reforms, Australia is finally catching up. The benefit is clear: greater protection against financial crime. The challenge, however, lies in ensuring compliance does not overwhelm legal practices with additional red tape.
InfoTrack’s Tranche 2 Approach
InfoTrack has outlined a three-tiered approach to supporting the profession through these reforms. By combining:
· Technology integrations that streamline compliance,
· Lawyer-led design to ensure practical application, and
· AI solutions to reduce administrative workloads.
InfoTrack has positioned itself as a supportive partner to firms nationwide. Its national presence, coupled with planned regional roadshows in early 2026, will further extend this support and help firms transition effectively.
Looking Ahead
InfoTrack’s commitment goes beyond technology; it is about helping the legal profession embrace reform with confidence. As new regulatory requirements emerge, the company is well-positioned to play a leading role in equipping firms with the necessary tools to remain compliant while continuing to deliver high-quality client service.
Legal Practice Intelligence will continue to monitor developments and share updates as they emerge. For now, we congratulate John Ahern, Sandra Falzon, and the InfoTrack team for delivering an informative and engaging briefing that set the tone for the profession’s next chapter.
Shaun Locke is a legal technology leader, entrepreneur, and connector. As the owner of Legal Practice Intelligence, Asia Law Portal and the custodian of the AML LinkedIn Group, he oversees a network of over 80,000 legal professionals and 45,000 AML/CTF compliance specialists. For over 25 years, Shaun has worked with law firms and accounting practices harnessing technology to work smarter, safeguard information, and deliver better outcomes for clients.
His expertise spans practice management systems, information management and security, transaction management, knowledge and expertise management, eDiscovery, finance automation, and AI-driven solutions. Shaun has a proven track record of introducing innovative solutions that transform how legal and accounting teams operate.
Passionate about bridging technology and practice, Shaun combines deep sector knowledge with practical insight, empowering organisations to navigate the rapidly evolving legal landscape. He is recognised for translating complex tech into actionable strategies that drive real-world results.
