When should we start the operational readiness work to be ready for 1 July 2026?
Now, because fixed external lead times can take 3 to 6 weeks.
Now, and the closer you get to 1 July, the harder it becomes to finish properly.
Some tasks have fixed lead times that can't be compressed:
- Employment contract updates and Privacy Policy review can require external legal input and typically take 3-6 weeks each.
- PMS changes, CDD integration work and insurer notifications all involve external parties. As Tranche 2 firms across Australia raise similar requests simultaneously, vendor and adviser timelines stretch through mid-2026.
- Existing client audit and communication is proportional to practice size. For a firm with 200+ active matters, this is a multi-week undertaking.
- Training completion for 5-15 people around existing workloads typically needs 1-2 weeks of lead time.
If you start these tasks in the final 3-4 weeks before the deadline, you run a real risk they won't be completable in time.
easyAML is designed to be fast to implement. The bottleneck is almost never the platform; it's the business processes around it. Starting your operational readiness work now is the single biggest thing you can do to protect your timeline.
Full timeline guidance and the complete task list is in our Operational Readiness Checklist.
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- What external parties do we need to engage for AML/CTF readiness?