Newly captured by the AML/CTF reforms and starting from zero? We build your entire AML/CTF Program for you, tailored to your business. Showing guidance for Real Estate Agents.
The AML/CTF Act has been extended to cover thousands of businesses that were never previously regulated — including accountants, lawyers, real estate agents, conveyancers, and dealers in precious metals and stones. If you provide a "designated service," you now have legal obligations.
Enrolment opens with AUSTRAC for newly regulated (Tranche 2) sectors. You'll need an AML/CTF Program in place before you're required to comply.
AML/CTF obligations formally start for Tranche 2 entities. From this date, your program needs to be established, documented, and operating.
AUSTRAC actively enforces compliance, with civil penalties that can reach into the hundreds of millions of dollars. Getting started early is the safest approach.
As a reporting entity, you must establish and maintain an AML/CTF Program. Here's what that means in practice.
Confirm whether you provide a "designated service" and need to enrol with AUSTRAC
Complete an ML/TF/PF risk assessment specific to your business
Establish an AML/CTF Policy and Process Document
Appoint a Compliance Officer and document governance responsibilities
Train relevant staff before they start, and annually thereafter
Set up customer due diligence processes for onboarding
A complete, fixed-fee setup for new reporting entities building an AML/CTF Program from scratch. We take a practical, risk-based approach — tailored to your specific business and sector, not a generic template.
Real estate agents are a named Tranche 2 sector. Enrolment with AUSTRAC opens 31 March 2026, and obligations start 1 July 2026 — this applies whether you're an agency principal or an individual agent providing the designated service.
This is general guidance, not legal advice. Talk to us to confirm your specific obligations.
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