New Anti-Money Laundering Requirements: What Property Buyers and Sellers Need to Know
From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws will apply to Australia's real estate industry. As part of these changes, real estate agencies will be required to verify clients' identities and conduct additional compliance checks on property transactions. These reforms are designed to help prevent criminal activity, protect the financial system and strengthen the integrity of Australia's property market.
What this means for buyers and sellers
If you're purchasing or selling property, Compton Green may need to collect and verify information, including:
- Photo identification, such as a passport or driver's licence
- Proof of address documents
- Company, trust or SMSF documentation (where applicable)
- Details of individuals who ultimately own or control an entity
- Information regarding the source of funds for some transactions
These checks are not targeted at specific individuals. The legislation requires consistent verification processes for all clients, helping to reduce the risk of money laundering and other financial crimes.
What you can expect from Compton Green
Our team is committed to making the process as simple and secure as possible. We will provide clear guidance on any information required and handle your personal data with strict confidentiality. To streamline the experience, we use First AML, a secure technology platform that assists with identity verification and compliance requirements.
Acting early helps avoid delays
Most AML checks can be completed quickly when the requested documents are provided promptly. Whether you are buying or selling in your personal name, through a company, trust or self-managed super fund, completing the verification process early can help keep your transaction moving smoothly. Our team will guide you through each step and answer any questions along the way.
Download our AML Client Information Sheet to learn more about the new requirements, the documents you may need to provide and how your information will be securely managed