AML/CTF for Perth accounting practices

7 min readUpdated 21 May 2026By Ben Horne

Perth's accounting cohort has heavy exposure to the resources and mining sectors, both of which generate designated services frequently: project-vehicle company formation, joint-venture trust structures, royalty-distribution controlled-monies arrangements. Practices providing any of those are in scope for Tranche 2 from 1 July 2026.

Resources-sector concentration

The Perth accounting market is more concentrated on resources-sector engagements than any other Australian metro. That concentration affects the AML/CTF risk profile because resources-project structuring frequently involves offshore investors, complex beneficial-ownership chains, and IFTI-triggering capital flows.

Caltury supports the workflow without flattening it. The customer form branches by entity type so a JV company with corporate shareholders captures each beneficial-owner layer; IFTI capture surfaces when capital flows cross the border; risk rating accommodates the higher base rate of complex matters.

What an enrolled Perth practice needs in place

Eleven obligations in total: enrolment, ML/TF risk assessment for the practice, AML/CTF Program (Part A and Part B), customer due diligence, ongoing CDD, sanctions and PEP screening, SMR workflow, TTR workflow, IFTI workflow, 7-year record retention, and staff training. Caltury covers all eleven on every tier.

The Practice tier (A$249/mo) suits 2 to 5 person firms. The Firm tier (A$499) suits 6 to 15. The Starter tier (A$99) works for a solo practitioner, including a solo specialist in tax structuring or family office work.

Async support from Perth time zone

Caltury support is async written. Replies come from Ben Horne, the founder, usually within a few business days. Perth's two-hour offset from Sydney does not affect response times because there is no real-time channel; the time zone gap shows up at most as a one-day lag rather than a sub-day lag.

The product itself is hosted in Sydney (Supabase ap-southeast-2) with edge delivery via Cloudflare. Perth users see latency comparable to eastern-states users for ordinary application traffic.

Common questions

What if a mining client's investor list includes natural persons in sanctions-relevant jurisdictions?

Sanctions screening runs at intake and on the cadence the customer's risk band requires. If a screen returns a hit, Caltury surfaces it in the customer file with the underlying source list (DFAT, OFAC, EU, UN) so the practice can decide whether to disengage, escalate, or document a false positive.

Are we covered for AUSTRAC inspection if we use Caltury?

Caltury maintains the record set AUSTRAC expects to see in an inspection: Program, risk assessment, CDD records, screening history, AUSTRAC reports lodged, retention vault, training register, audit log. The practice still answers AUSTRAC; Caltury holds the records and exports them on request.

Can a Perth sole-trader accountant realistically run this in-house?

Yes. Caltury is built specifically so a sole trader can stand up enrolment, Program and CDD workflow in an evening rather than paying A$10,000 for a consultant. The Starter tier is priced for this exact cohort.

Does Caltury offer the Founding-10 discount?

Yes. The first 10 paying customers across Caltury get 50 percent off their chosen tier for three years. Several slots are already taken; the current count and program details are on the founding page.

This page is general information about Australian AML/CTF obligations. It is not legal advice. AUSTRAC has not reviewed this content. For situations specific to your practice consult an Australian-qualified lawyer or AML/CTF adviser.

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Caltury handles enrolment, Program, KYC, sanctions screening and AUSTRAC reporting for the independent practice. From A$99 a month plus GST.