Does easyAML support cryptocurrency / virtual asset businesses?
No, digital currency exchanges sit under Tranche 1 with their own AUSTRAC registration regime and bespoke obligations.
Not at this stage. Digital currency exchange (DCE) providers have been captured under the AML/CTF Act since April 2018 as Tranche 1 reporting entities, with their own AUSTRAC registration regime (separate from Tranche 2 enrolment) and bespoke obligations around customer onboarding, ongoing monitoring and transaction reporting.
Why easyAML doesn't service them today:
- easyAML's launch product is purpose-built for the newly regulated Tranche 2 sectors (real estate, legal, accounting, trust and corporate services, precious metals). The risk frameworks, designated services and reporting templates in the platform are tuned for those sectors.
- DCE compliance requires deeper transaction-monitoring capability (chain analytics, wallet attribution) and travel-rule support that aren't in scope for the 1 July 2026 release.
What DCE businesses should do today:
- Register with AUSTRAC as a DCE provider - registration is mandatory and separate from Tranche 2 enrolment. See AUSTRAC's guidance for digital currency exchange providers.
- Use an AML provider that specialises in Tranche 1 / DCE workflows (chain analytics, wallet screening, travel-rule compliance).
- Watch the easyAML roadmap - a Tranche 1 product line is planned for post-July 2026, and crypto businesses will be in scope once that product is released.
Related articles
- Glossary: Key Terms & Definitions
- Does AUSTRAC require reporting entities to be fully set up on 1 July, or is an implementation plan acceptable?
- Can a Tranche 1 business be mixed with Tranche 2 entities under one reporting group?
- Does easyAML support AFSL license holders / fund managers (Tranche 1)?
- Where can a business check if it's regulated under Tranche 2?