TrustSoft is the most affordable and intuitive AML/CTF software for Tranche 2 entities
Australian real estate professionals, conveyancers, dealers and auctioneers must comply with new Anti-Money Laundering / Counter Terrorism Finance (AML/CTF) requirements from 1 July 2026, with enrolment at AUSTRAC opening 31 March 2026—this marks the start of Tranche 2 regulations targeting professional service providers.
TrustSoft offers the most affordable all-in-one AML/CTF compliance module for beginners with up to five users with low-risk customers and limited high risk customers. This price includes self-paced training, compliance manager nominations, ML and TF risk assessments, draft policies and AML/CTF program, Customer Due Diligence (CDD) and reporting to AUSTRAC. Reporting entities won’t have to use multiple software for KYC/CDD, and everything can be managed at place with TrustSoft at an affordable price.
How TrustSoft Helps Tranche 2 entities Meet AML/CTF Compliance
TrustSoft is a cloud-based trust accounting platform designed specifically for Australian Tranche 2 entities to address the new compliance requirements as follows:
Streamlined KYC and Proof of Identity (CDD / ECDD) :-
Inbuilt KYC functionality ensures customer verification, aligning with AUSTRAC suggested simplified low risk customer due diligence. TrustSoft comes with numbered high risk enhanced customer due diligence to verify with online services for customer’s Australian Drivers licence, Electoral records, Australian Passport, Birth Certificate, Political Exposed Person (PEPs) verifications, Sanctions check etc.
Recording of suspicious activities :-
Inbuilt easy to use tools for users to record all the suspicious activities or transactions exceeding thresholds to meet requirements suggested by AUSTRAC.
Meet AUSTRAC Reporting Requirements :-
Effortlessly generates all the required reports to meet auditor and AUSTRAC’s requirements.
Secure Data Handling :-
Multi-factor authentication, data encryption, fulfilling privacy and security requirements. Cloud accessibility ensures up-to-date compliance anywhere.
Integration with External Bookkeeping Software and CRM :-
Links with Xero and .csv import from MYOB, QuickBooks and other key CRMs and tax platforms for smooth data import.
Staff Training and Oversight :-
Dashboards provide oversight of risk assessments in an easy-to-understand way and training tools to meet annual training requirements with inbuilt assessment to complete the training.
TrustSoft offers a robust, all-in-one solution to ensure Tranche 2 entities transition smoothly and confidently into the AML/CTF era, with secure, automated tools making compliance as seamless as possible. TrustSoft is a leading cloud-based software in Australia that can manage trust accounting and/or AML/CTF requirements at one place for real estate agents, auctioneers, conveyancers, dealers and others managing clients’ funds. For Accountants, We have built TrustEasy.com.au to undertake similar tasks.
Key Features
Specific Trust Accounting
- Manage bidder deposits, payments, and refunds with ease
- Track multiple transactions based on sub assets per auction event seamlessly
Compliance & Regulatory Assurance
- Stay current with Australian trust accounting legislation
- Integrated Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) features*
- Generate comprehensive, audit-ready reports for regulators
Automation & Efficiency
- Automate recording of all trust transactions and bank reconciliations
- Reduce manual data entry and human errors with Automatic bank feeds
- Generate detailed financial reports in minutes
User-Friendly Platform
- Intuitive interface designed for auctioneers’ workflows
- Minimal training required to get started
Dedicated Support Team
- Australian-based support staff ready to assist you
- Global support available to cover different time zones
Automatic Bankfeeds
- Automatic bankfeeds for monthly bank reconciliation
Simple and Transparent Multi-Tier Pricing
Professional
Monthly
This plan includes:
- 1 Trust
- Bank Feeds via .csv Import
- Up to 2 Users
- Organizations
- Trusts
- Integration for direct Bank Feeds
- Trust Payments & Trust Receipts
- Import Contacts, Suppliers, Beneficiaries
- Dashboard
- .ABA File Management
- Bank Reconciliation
- How to produce reports for auditors
Hybrid Most Popular
Monthly
This plan includes:
- Up to 5 Trusts
- Automatic Bank feeds
- Up to 5 Users
- Organizations
- Trusts
- Integration for direct Bank Feeds
- Trust Payments & Trust Receipts
- Import Contacts, Suppliers, Beneficiaries
- Dashboard
- .ABA File Management
- Bank Reconciliation
- How to produce reports for auditors
Ultimate
Monthly
This plan includes:
- Up To 15 Trusts
- Automatic Bankfeeds
- Up to 15 Users
- Organizations
- Trusts
- Integration for direct Bank Feeds
- Trust Payments & Trust Receipts
- Import Contacts, Suppliers, Beneficiaries
- Dashboard
- .ABA File Management
- Bank Reconciliation
- How to produce reports for auditors
All plans include
- Manage Assets and Sub assets
- Client Statements
- Automated Reports for Auditors
- Streamline State and Industry Regulatory Compliance
- No Hidden Fees
- Generate .aba files
- Integrated with Xero
- Audit trail
- AI agent based chat and phone support
Benefits of Using TrustSoft
- Increase Operational Efficiency: Streamline trust accounting and focus on running successful auctions.
- Enhance Accuracy: Automated workflows reduce errors and improve financial accuracy.
- Build Client Confidence: Transparent and compliant trust management builds trust with bidders and sellers.
- Stay Fully Compliant: Easily meet all statutory trust account obligations.
- Grow Your Business: Spend more time on auctions and client relationships while TrustSoft handles accounting.
Join Australia’s Leading Auctioneers Using TrustSoft