What does AML/CTF mean?
Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) laws help prevent financial crime and the misuse of legitimate businesses. From 1 July 2026, Australian real estate agencies must meet new AML/CTF obligations under reforms overseen by AUSTRAC.
Compliance Obligations for Real Estate Agencies
Risk Assessments
Customer Due Diligence
Customer Due Diligence
Conduct thorough risk assessments to identify vulnerabilities related to money laundering and terrorism financing.
Customer Due Diligence
Customer Due Diligence
Customer Due Diligence
Implement stringent customer due diligence procedures to verify identity and assess risk profiles.
Transaction Monitoring
Customer Due Diligence
Transaction Monitoring
Establish effective transaction monitoring systems to detect unusual or suspicious activity promptly.
Reporting Obligations
Ongoing Compliance Support
Transaction Monitoring
Ensure timely reporting of suspicious matters and transactions to AUSTRAC as mandated.
Staff Training Programs
Ongoing Compliance Support
Ongoing Compliance Support
Deploy comprehensive training programs to equip staff with knowledge of AML/CTF obligations and compliance requirements.
Ongoing Compliance Support
Ongoing Compliance Support
Ongoing Compliance Support
Benefit from continual support and updates to stay compliant with evolving AML/CTF regulations.
Frequently Asked Questions
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What services do you offer? What does your AML/CTF compliance process involve?
Our AML/CTF compliance process begins with a thorough assessment of your agency’s current practices against AUSTRAC regulations. We then develop tailored strategies for compliance, including risk assessments, documentation, and ongoing support to keep you updated with any regulatory changes.
How much do your AML/CTF reporting services cost?
Pricing for our AML/CTF reporting services varies based on the complexity of your agency’s needs. We offer flexible packages that can be customised to fit your specific compliance requirements. For a quote, please contact us directly.
What guarantees do you provide regarding compliance?
We take your compliance obligations seriously. While we cannot guarantee 100% immunity from regulatory issues, we leverage our expertise to develop robust compliance frameworks and provide continuous support, significantly reducing your risk of non-compliance.
How do you support real estate agencies in meeting their obligations?
Our team offers comprehensive support including detailed training, ongoing consultancy, and access to the latest regulatory updates to ensure your agency remains compliant with AML/CTF obligations. We also provide assistance with documentation and reporting processes to streamline your compliance efforts.
Can you assist with audits or compliance reviews?
Yes, we offer services that include internal audits and compliance reviews. Our experienced team can evaluate your existing practices, identify gaps, and recommend improvements to improve your compliance with AML/CTF regulations.
What should I do if I receive an AML/CTF compliance inquiry from AUSTRAC?
If you receive an inquiry from AUSTRAC, contact us immediately. Our team will guide you through the response process, ensuring you gather necessary documentation and information to address their inquiries appropriately.
Do you provide ongoing support after initial compliance setup?
Yes, all our clients receive ongoing support as part of our service. We act as your compliance officer, so we are creating an ongoing partnership to meet your obligations on all transactions. Compliance is not a one-time task and our partnership includes full transactional monitoring and assistance, submission of SMRs, audits, initial and ongoing mandatory training and updates on regulatory changes
Are your team members qualified and experienced in AML/CTF compliance?
Absolutely. Our team is composed of certified professionals with extensive experience in AML/CTF compliance within the real estate sector. Each member has a proven track record of delivering reliable compliance solutions tailored to the unique needs of real estate agencies.
Do I need to appoint my own compliance officer?
We will act as your appointed compliance officer with joint responsibility for your compliance.