AML Simple Blog
Practical guides on AML/CTF obligations for Australian real estate agencies.
Every real estate agent in scope for AUSTRAC Tranche 2 needs an AML/CTF program with five specific components. This post explains what each one is, what AUSTRAC expects to see, and how to build it without a compliance consultant.
If your agency uses InfoTrack, PEXA Clear, or Reapit Verify, you may assume you're covered for AUSTRAC Tranche 2. Here's exactly what each tool does and doesn't cover — and what to do if there are gaps.
Queensland agents are using the REIQ AML Toolkit's 28-criterion technology provider checklist to shortlist AML software. Here is how AML Simple answers every category — including honest caveats on gaps.
PEXA Clear handles identity verification well. But AUSTRAC requires a lot more than that. Here's what each tool covers — and the cost maths for agencies doing more than two transactions a month.
Yes — from 1 July 2026, most real estate agents in Australia must comply with anti-money laundering laws under Tranche 2. Here's what that means for your agency.
Source of funds is one of the most misunderstood parts of AML compliance for real estate agents. This post explains what it means, when you need to ask, what good documentation looks like, and how to handle the conversation with clients.
1 July 2026 is weeks away. Here is exactly what Australian real estate agents need to do before then: enrolment, AML program, CDD, screening, and record-keeping - with a clear checklist and the fastest path to get it done.
AMLwise charges for managed compliance. AML Assured and AML Simple both start at A$79/month. Here is what you actually get for your money, and why self-serve gives small agencies more control, not less.
Reapit Verify handles identity checks inside your CRM. AML Simple covers your full AML/CTF compliance program. Here is what each does, where the gap is, and why it matters before 1 July 2026.
Not sure where to start with AML compliance? The AML Simple readiness check takes around 5 minutes and tells you exactly where your agency stands before 1 July 2026. Here's what it covers and what your score means.
When you enter your ABN at /enrol, AML Simple pulls your registered business details from the ABR automatically. Here's what that means for the 20 minutes you'd otherwise spend typing.
Reapit Verify handles identity checks inside your CRM. AML Simple is a full AML/CTF compliance program. Here is what each does, and why Reapit agencies still need a compliance platform.
The AUSTRAC Readiness Check at /check takes around five minutes and tells you exactly where your agency stands before July 2026. Here's what it assesses and what to do with the results.
Your sales team is in scope for AUSTRAC Tranche 2 - but what about the property management side? This post explains which roles and services fall under the new AML/CTF rules, what each needs to do before 1 July 2026, and the fastest way to check your agency's exposure.
Your AML/CTF program must be independently reviewed. This post explains what that means, how often it must happen, and how small agencies can meet this requirement without spending a fortune.
Large franchise networks are building centralised AML compliance infrastructure. Independent real estate agencies don't have that support, here's how to build the same structure yourself.
Most agencies assume ongoing AML compliance is a heavy ongoing burden. It's not, if you've built the right structure. Here's what a typical week looks like once your program is set up.
AUSTRAC has described its Tranche 2 approach as 'supportive but firm'. Here's what each of those words means in practice, and what your agency needs to have done before 1 July 2026.
Hundreds of agents attended AML/CTF readiness roadshows across NSW, Victoria, Queensland, and the ACT. They asked good questions. Most still haven't finished the work. Here's where the gap is.
Reapit Verify handles identity checks but not your full AML/CTF program. Here's what it covers, what it doesn't, and what Reapit users need to do before 1 July 2026.
Both buyer's agents and sales agents are covered by AUSTRAC Tranche 2 from 1 July 2026. But who you must verify, your risk profile, and how auction obligations work differ depending on which side of the transaction you sit on.
AUSTRAC published free Program Starter Kits specifically for small real estate agencies. That changes what 'doing it yourself' actually means.
AUSTRAC's May 2026 national risk snapshot flagged AI-fabricated identity documents as a growing real estate threat. Here's what 'verify' actually requires, and why most agencies aren't doing it yet.
Property managers are asking whether AUSTRAC's Tranche 2 reforms apply to them. The short answer: it depends on what your agency does, and many property management arms are in scope. Here is how to find out.
Australia's FATF mutual evaluation is scheduled for 2026, the same year Tranche 2 obligations start. Here is why that timing matters for real estate agents waiting on an extension.
Australian real estate agencies have until 29 July 2026 to notify AUSTRAC of their appointed AML/CTF compliance officer. Here is what the notification requires and how to make sure you meet it.
With 47 days to 1 July 2026, many real estate agencies have a written AML program. Far fewer have one that will actually work on day one. Here's what the difference looks like.
Every real estate agency in Australia must have a documented AML/CTF program by 1 July 2026. This pillar guide covers what your program must include, how to build it, and the fastest compliant path for a small agency.
A practical guide to DFAT sanctions screening and politically exposed person (PEP) identification for Australian real estate agencies under AUSTRAC Tranche 2. Covers when to screen, what to screen against, how to handle matches, and SMR obligations.
A plain-English guide to customer due diligence (CDD) obligations for Australian real estate agencies under AUSTRAC Tranche 2. Covers what to collect, when to verify, enhanced CDD triggers, beneficial ownership, and how to build CDD into your workflow.
Your AML/CTF program must include an independent review, but most small agencies don't know what that means in practice. Here's what AUSTRAC requires, who can do the review, and the fastest way to meet the obligation.
Under AUSTRAC's Tranche 2 rules, real estate agencies must retain specific AML/CTF records for seven years. Here's exactly what needs to be kept, in what format, and the fastest way to meet the obligation.
Every real estate agency enrolled with AUSTRAC must submit an Annual Compliance Report. Here is what it covers, when it is due, and how to prepare without guesswork.
AUSTRAC Tranche 2 real estate agents: the complete guide. What it requires, the seven obligations, key deadlines, penalties up to A$33M per contravention, and the fastest compliant path before 1 July 2026.
Your AML/CTF program must include background checks on staff who perform AML-relevant duties. Here is what employee due diligence requires and how to build it into your agency before 1 July 2026.
Real estate agents must verify client identities under AUSTRAC Tranche 2. The OAIC's AML/CTF privacy guidance (updated April 2026) is clear: you do not need to keep photocopies or scans of identity documents.
Real estate agencies have until 29 July 2026 to notify AUSTRAC of their compliance officer. This is the practical step-by-step guide: what information you need, how to submit it, and what to do if your officer changes.
Both buyer's agents and sales agents are regulated under AUSTRAC Tranche 2 from 1 July 2026. The obligations are identical. But the practical workflows are different, and buyer's agents face some specific risk factors worth understanding.
If you suspect a client or transaction may be linked to money laundering or terrorism financing, you must file a Suspicious Matter Report. Here is what triggers an SMR, how to file one, and what the law says about tipping off.
When a company or trust buys a property, you must identify the real humans behind it, the beneficial owners. Here is what the AML/CTF rules require and how to do it in practice.
AUSTRAC Tranche 2 introduces seven core obligations for real estate agencies from 1 July 2026. Here is a plain-English breakdown of each one and what it means for a typical agency.
Your AML/CTF program is the written document AUSTRAC will ask for if they audit your agency. Here is exactly what it must cover, and what the 2026 reforms changed about how it should be structured.
Every staff member who performs AML-relevant duties must be trained before they start, and training records must be kept for 7 years. Here is what AUSTRAC requires for real estate agency staff training under Tranche 2.
The AML/CTF Act 2006 requires all real estate staff to complete AML risk awareness training before they perform their first AML-relevant duty. Here is what training must cover, who needs it, and how to keep records.
Your ML/TF risk assessment is the foundation of your AML/CTF program, without it, your client risk ratings have no documented basis. Here is how to complete one for a typical real estate agency.
Non-compliance with AUSTRAC Tranche 2 carries penalties of up to $33 million per contravention for a body corporate. Here is how the enforcement framework works and what real estate agencies face for specific failures.
With 1 July 2026 approaching, here is a week-by-week action plan for real estate agencies to get their AML/CTF compliance in place, enrolment, program, staff training, and CDD systems.
Property transactions involving physical cash of A$10,000 or more must be reported to AUSTRAC within 10 business days. Here is what real estate agents need to know about TTRs, including the structuring risk that changes the calculus.
Every real estate agency that brokers property sales must comply with AUSTRAC Tranche 2 by 1 July 2026. This complete guide covers all seven obligations, the key deadlines, and how to build your program from scratch.
Australia has two compliance regimes that apply to real estate agents from 1 July 2026. AUSTRAC covers AML/CTF obligations. DFAT covers sanctions. Both are mandatory. Most agents only know about one.
Australia has two compliance regimes that apply to real estate agents from 1 July 2026. AUSTRAC covers AML/CTF obligations. DFAT covers sanctions. Both are mandatory. Most agents only know about one.
Two pricing models dominate the AML compliance tool market: per-check and flat-rate subscription. Here's how to compare them, run the break-even maths, and decide which works for your agency.
AUSTRAC directed a compulsory audit of a payment platform in April 2026. The enforcement tools it used apply to every regulated entity, including real estate agencies from 1 July 2026.
Just been appointed as your agency's AML/CTF compliance officer? Here's a practical week-by-week plan for your first 30 days, what to understand, build, and put in place.
A new pricing model lets buyers and sellers pay for their own identity checks. The legal obligation under the AML/CTF Act stays with your agency regardless.
From 1 July 2026, Australian real estate agents must screen every client against sanctions lists and check for Politically Exposed Persons. This plain-English guide explains what that means in practice.
New AML compliance services are entering the Australian market, from fractional compliance managers to full-service platforms. Here is how real estate principals can work out what they actually need.
A week-by-week action plan for real estate agencies with roughly 13 weeks until AML/CTF obligations commence on 1 July 2026. What to do each week, in the right order.
AUSTRAC requires a documented AML/CTF program from 1 July 2026. Here's what the three core sections contain, illustrated using a typical small residential sales agency.
PEXA Clear handles identity verification. AML Simple covers your whole AML/CTF program. Here is what each does, what each costs, and why most agencies will need both.
The updated AML/CTF framework commenced 31 March 2026. Banks and casinos are already operating under it. Real estate agents are next, 1 July 2026. Here is what you can learn from sectors that got there first.
AUSTRAC enrolment opened on 31 March 2026. If your agency brokers property sales, you must enrol by 29 July. Here is what enrolment involves, what it does not cover, and what to do next.
A practical walkthrough of customer due diligence and client screening for real estate agencies, what to collect, how to verify identity, what to do with the results.
Woodards Group and Barry Plant are building centralised AML compliance structures. But central coordination does not change each office's legal obligations under the AML/CTF Act.
A practical cost breakdown for a typical 3-person real estate agency getting AML-ready before 1 July 2026, upfront setup, ongoing annual costs, and where a compliance tool changes the numbers.
AUSTRAC's free Program Starter Kit gives you the template. This post shows what it looks like when it's done, a worked example for a typical five-person residential agency.
What triggers an AUSTRAC audit, what auditors look for, and how a real estate agency with good records and a documented program can get through one. A plain-English explainer.
A 3-year transition for customer due diligence just became law, but it only applies to existing reporting entities. Real estate agents must comply with full CDD requirements from 1 July 2026.
A practical reference checklist covering all 19 AML/CTF obligations for Australian real estate agencies, six preparation tasks before 1 July 2026, and thirteen ongoing obligations from that date.
Step-by-step AUSTRAC enrolment guide for real estate agents: what you need, how to use AML Simple's ABN lookup to pre-fill your form, key deadlines, and what happens after you enrol.
AML Simple Ask lets you ask compliance questions in plain English and get answers grounded in real AUSTRAC source material. Free to use, no account needed.
Nobody shows what a filled-in AML/CTF program actually looks like. This post does - a complete worked example for a typical 5-person residential real estate agency, following the AUSTRAC Program Starter Kit structure.
The government estimates AML compliance setup at A$28,650. Here's what that figure covers, where the real variables are, and what compliance actually costs a small agency that does the work itself.
Just decided to start getting AML-ready? Here's a practical day-by-day plan for the first week, from confirming your obligations to building your program framework.
The government's estimate for AML compliance setup is up to $28,650. Here's what's in that number, and what a realistic compliance budget looks like for a small residential agency.
New AML compliance tools are entering the Australian market ahead of the July 2026 deadline. Here's a plain-English buyer's guide to help you choose the right one for your agency.
A concrete 13-week action plan for real estate agency principals who need to be compliant before 1 July 2026. What to do each week, in the right order.
Both buyer's agents and sales agents are caught by Tranche 2. But the way your obligations play out in practice differs by role. This post explains what's the same, what's different, and what each type of agent needs to focus on.
The 1 July 2026 deadline is real, and the preparation steps are sequential. Here's a practical phase-by-phase framework for small real estate agencies to get ready without the rush.
Demystifying the SMR obligation for Australian real estate agents, what triggers it, the filing deadlines, real estate red flags, submission steps, and what the tipping-off offence means for your team.
How much does AML compliance cost for a real estate agency in Australia? The government estimates A$28,650 setup, but a small agency using purpose-built software can meet AUSTRAC obligations for A$950–1,500 in year one. Full cost breakdown inside.
Do you need to hire someone new for the AML/CTF compliance officer role? This post explains what the role actually requires, and why most small agency principals can hold it themselves.
A concrete, month-by-month action plan for real estate agency principals who need to be compliant before 1 July 2026. What to do, in what order, and when.
A plain-English guide to AML/CTF record keeping obligations for Australian real estate agencies, what records to keep, for how long, and in what format.
Not every real estate activity triggers AML/CTF obligations. This post works through the main transaction types, buyer's agents, sales agents, rentals, developers, auctioneers, so you know where your agency stands.
What does customer due diligence actually mean in practice? This plain-English guide explains what you must collect, how to verify it, and what initial, ongoing, enhanced and simplified CDD require.
A practical framework for Australian real estate agency principals who need to build their AML/CTF program before the 1 July 2026 deadline.
If you've heard the term 'AML/CTF program' and wondered what it actually means, this guide explains exactly what it is, what it must contain, and whether your real estate agency is required to have one.
AUSTRAC Tranche 2 brings new AML/CTF obligations to Australian real estate agents from 1 July 2026. Here's what it means for your agency, in plain English.
What does AML non-compliance actually cost an Australian real estate agency? We break down the financial penalties, reputational risks, and why getting started now is far cheaper than waiting.
AML Simple is now live. A compliance workflow tool built for small Australian real estate agencies, practical, affordable, and consistent with the AUSTRAC Program Starter Kit.
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