AML/CTF Tranche 2 reforms: Understanding your obligations as a real estate agent

Australia’s real estate industry is about to face a major regulatory change. From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) obligations will apply to real estate professionals for the first time. Now is the time for agents to understand what’s ahead and prepare, without disrupting day-to-day work.

When announcing the legislation, the Federal Government highlighted it as a crucial step in protecting Australia from financial crime, including money laundering, terrorism financing, and other forms of organised crime. With property transactions involving large sums of money, the real estate sector is particularly exposed.

With changes fast approaching, early preparation means you stay compliant, protect your clients, and avoid last-minute stress.

What this means for real estate agents

From 1 July 2026, real estate professionals involved in buying or selling residential, commercial, land, or industrial property must comply with AML/CTF obligations.

In practice, this includes:

  • Establish an AML/CTF framework and onboard your agency and staff:Develop and implement internal systems, including clear policies, documented procedures, and ongoing staff education.

  • Conduct customer due diligence (CDD):Verify the identity of clients and assess potential risks in transactions that may be susceptible to money laundering or terrorist financing.

  • Report suspicious activity:Detect and report any transactions or behaviours that appear unusual or raise concerns to AUSTRAC.

  • Keep records: Keep secure and detailed records of client identification, transactions, and due diligence activities for a minimum of seven years.

  • Ongoing client monitoring: Regularly review client behaviour to identify and respond to any suspicious or unexpected activity.

Further detail on these obligations is available here and directly from AUSTRAC. Agents are encouraged to refer to official guidance for the most up-to-date information.

What you need to do now

Before 1 July 2026, all agencies must:

  • Enrol with AUSTRAC (enrolment opens 31 March 2026)
  • Complete an agency risk assessment
  • Develop an AML/CTF Program
  • Conduct staff due diligence and training

These steps are mandatory for all agencies and set the foundation for smooth compliance once the reforms take effect.

From 1 July 2026

Agents will be required to onboard clients and report to AUSTRAC. There are two ways to meet these requirements:

  1. Do it yourself – manage all Know Your Client (KYC) customer due diligence checks, risk assessments, and AML reporting independently.

  2. Rely on another Tranche 2 entity, such as a lawyer or conveyancer, to complete client onboarding checks and share them with you.


The reliance option is a major advantage. It reduces the need for agents to repeat identity verification checks while still meeting compliance obligations. Agents retain ultimate responsibility, but Securexchange makes this process simple by allowing verified client checks to be securely shared from lawyers and conveyancers via InfoTrack or uploaded from other approved providers.

Why reliance is a major advantage:

  • Reduces duplication and workload by letting lawyers or conveyancers complete client checks.
  • Ensures compliance while saving time on administrative tasks
  • Securexchange makes reliance simple by allowing verified client checks to be securely shared via InfoTrack or uploaded from approved external providers.

Agents retain ultimate responsibility for compliance, but reliance significantly reduces the manual work involved.

How Securexchange supports agents

Navigating regulatory change can feel overwhelming, especially when compliance isn’t your core focus. Securexchange helps simplify the process through its AML/CTF Compliance Centre:

  • A single platform to manage obligations confidently
  • Secure sharing of client due diligence checks from lawyers and conveyancers
  • Support for the reliance process to reduce workload and streamline onboarding


Practical guidance and tools to integrate AML/CTF procedures into your existing workflow

Join our complimentary roadshows

To further support real estate professionals, Securexchange will running the Ready-Set-Go AML/CTF Roadshow, in collaboration with InfoTrack, across New South Wales, Victoria, Queensland, and the Australia Capital Territory from 3 March 2026.

The complimentary sessions will cover:

  • What Tranche 2 means for real estate
  • How AML/CTF applies to agencies and teams
  • How the reliance process works to simplify compliance
  • How you can seamlessly implement Securexchange, without disrupting your workflow.


Spaces are limited – secure your spot today and stay ahead of the changes.

Resources:

AUSTRAC Starter Kits for real estate professionals are live, outlining what you need to know about obligations in your day-to-day work.

For detailed regulatory guidance, refer directly to AUSTRAC.

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