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ARTICLE · 13 MAY 2026

Does Your Real Estate Business Comply With AML/CTF Laws?

LegalVision
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From 1 July 2026, Australian real estate businesses that broker, sell or transfer property may be required to enrol with AUSTRAC, implement a written AML/CTF programme and conduct customer due diligence before providing designated services.

AustraliaReal Estate and Construction
Stephen Drysdale
Stephen Drysdale
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Summary

  • From 1 July 2026, Australian real estate businesses that broker, sell or transfer property may be required to enrol with AUSTRAC, implement a written AML/CTF programme and conduct customer due diligence before providing designated services.
  • Businesses must identify and verify both buyers and sellers, screen for politically exposed persons and sanctions, and report suspicious matters – with civil penalties reaching up to $33 million for companies.
  • AML/CTF checks must be built into the sales process early, as leaving them until settlement risks transaction delays, client disputes and regulatory exposure.
  • This article is a plain-English guide to AML/CTF compliance obligations for Australian real estate businesses, prepared by LegalVision, a commercial law firm that specialises in advising clients on regulatory and compliance matters.

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