AML/CTF laws are changing
What is changing?
From 1 July 2026, Australia’s AML/CTF reforms will bring real estate agencies, buyer’s agents and property developers under the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime.
Businesses providing designated property services will become regulated by AUSTRAC and must comply with new customer due diligence, reporting and record-keeping requirements.
What does this mean for real estate agencies?
Real estate businesses providing designated services will need to:
• Verify the identity of clients and beneficial owners
• Assess and manage money laundering risks
• Report suspicious activity to AUSTRAC
• Maintain compliance records
• Implement an AML/CTF compliance program
• Ensure staff are appropriately trained
Practical impact on property transactions
More client verification
Buyers and sellers may be required to provide additional identification and ownership documentation before a transaction can proceed.
Increased compliance requirements
Agencies will need new processes, systems and training to meet their AML/CTF obligations.
Potential delays for complex transactions
Additional checks may be required for transactions involving trusts, companies or complex ownership structures.
Why these reforms matter
The reforms are designed to reduce the risk of money laundering and financial crime through property transactions, while aligning Australia’s real estate sector with international AML/CTF standards.
Explore Property is actively preparing for these changes to ensure our network remains compliant and our clients remain informed.
If you have any questions about how these reforms may affect your property journey, please contact your local Explore Property office.