12/07/2026
As part of new AUSTRAC requirements, from 1 July, real estate agents, lawyers, conveyancers, accountants, and dealers in precious metals and stones are now regulated under Australia's anti-money laundering and counter-terrorism financing (AML/CTF) laws.
This means we are legally required to verify our clients' identities and, in some circumstances, ask questions about the source of funds involved in a transaction. These checks are now a routine part of our compliance obligations.
If you are engaging with businesses like real estate, legal, conveyancing or accounting, you’ll soon be required to show your ID and explain where your funds come from.
These routine checks will help protect businesses and keep Australians safe from financial crime.
Learn more➡️ https://ow.ly/7Sbs50Ze3M0