AML / CTF for Property Professionals
Are you ready for AML/CTF reforms? Your obligations explained.
The updated AML/CTF regulations have expanded the scope of reporting entities to ensure that more sectors are involved in detecting and reporting financial crime.
As of 1 July 2026, lawyers, conveyancer and real estate agents who facilitate the sale and purchase of property in Australia will be required to have an AML/CTF program in place to verify the identity of their clients and ensure the money used in each transaction is from legitimate sources.
From 1 July 2026, lawyers, conveyancers, and real estate professionals will be required to meet new AML/CTF obligations under Tranche 2 reforms. PEXA is here to help you prepare with role-specific guidance and resources.
PEXA, your trusted partner in compliance.
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As AML/CTF obligations expand to Tranche 2 entities from 1 July 2026, PEXA is here to help you stay informed, compliant, and confident. With under 12 months to AML/CTF compliance, we’re helping property professionals understand their obligations and prepare for the 2026 deadline with expert-led guidance and tools. Whether you’re a conveyancer, lawyer, or real estate agent, our AML Information provides provides everything you need to navigate new compliance expectations — from timelines to FAQs. |
Everything you need to know
Start building your understanding of AML/CTF reform — one step at a time
Follow our three-step guide to assess your current position, engage with expert resources, and prepare for Tranche 2 compliance.
Assess - Identify how AML/CTF reform affects your business.
Review your current processes and determine which obligations apply to your role.
Engage - Explore AUSTRAC guidance and industry webinars.
AML/CTF Reform Explained
Understand what’s changing and why it matters for your business.
On 29 November 2024, Australia’s Federal Parliament passed Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 to expand the scope of existing anti-money laundering and counter-terrorism financing to include property transactions, in response to the challenges the acts of money-laundering and counter-terrorism financing placed on the Australian economy.
The Bill affects both current and future reporting entities and focuses on three key objectives:
Here’s what that means for property professionals
Expanding the regime
To cover additional higher-risk services (designated services) provided by tranche two entities. This includes real estate professionals, lawyers, accountants, trust and company service providers and dealers in precious stones, metals and products.
Modernising the regime
To keep pace with evolving business models, technological advancements, and emerging risks associated with illicit financing.
Enhancing the effectiveness
To simplify and clarify compliance requirements for businesses. This approach reduces complexity, supports greater understanding, and enables organisations to meet their AML/CTF obligations.
PEXA is working closely with industry bodies and AUSTRAC to support the property sector through these changes.
How to stay up to date with PEXA & AML/CTF
Stay informed as AML/CTF reforms evolve — PEXA will keep you updated with insights, webinars, and new resources.
The AML/CTF landscape is evolving, and PEXA is committed to helping you stay informed with expert resources, webinars, and updates from our compliance specialists
AML FAQs
Have questions? Explore our AML FAQ page for more information.
Stay Informed
We recommend checking out AUSTRAC’s website regularly so you can stay updated on key deadline and regulatory changes to ensure you don’t miss any critical compliance requirements.
The latest from PEXA Unlocked Blog
Read through our industry insights as we explore how the Australian property sector views the upcoming Anti Money Laundering (AML) & Counter Terrorism Financing (CTF) reforms.
