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Yes. From 1 July 2026, real estate agents involved in property transactions will need to comply with AML/CTF obligations. This includes identity checks on buyers and sellers, risk assessments and record-keeping. Tranche 2 captures real estate as a high-risk sector under AUSTRAC's regulatory expansion.

AML obligations apply when you assist with buying, selling or transferring real estate on behalf of a client. This includes acting as an agent, facilitating settlement, or managing funds — even direct sales by developers may trigger compliance requirements under Tranche 2.

Possibly. If your property management services include handling rental funds, bond payments, or other transactions, you may fall under AUSTRAC’s designated services. Review your service offerings carefully and consult AUSTRAC’s upcoming guidance to see if your business is captured. Not sure if you’re affected? Talk with us to see if you'll be impacted.

Digital verification isn’t mandatory, but it’s strongly recommended. Under Tranche 2, you must verify each client’s identity before providing services. Digital verification streamlines this process, reduces manual errors and ensures your checks meet AUSTRAC standards, especially for remote clients or busy agencies without in-house compliance staff.

KYC (Know Your Customer) checks involve verifying a client’s identity before a transaction begins. This includes ID verification, checking beneficial ownership for companies and ongoing risk assessments. AML software can automate this process and help your agency stay compliant without adding operational burden.

Non-compliance can result in fines, enforcement notices and AUSTRAC publicly listing your agency as non-compliant. It may damage your reputation and result in lost trust from banks, clients, and partners. Compliance protects your agency and shows that you're operating to professional standards.

Yes. AML software simplifies the entire compliance process, from verifying clients to managing risk and reporting to AUSTRAC. For small and medium agencies without in-house staff who specialise in compliance, a solution like easyAML helps you meet every requirement without added complexity or legal costs.

Start by understanding whether your services fall under the new rules, then enrol with AUSTRAC, create an AML/CTF program and implement client due diligence processes. Tools like easyAML make it easier to get started and stay compliant with support tailored for the property industry.