Big changes are coming to real estate from 1 July 2026.
Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws will apply to real estate professionals across Australia, and while this has been well known in our industry, many clients and community members are still unaware of what it means.
These reforms will require real estate agencies to:
- Verify client identity and conduct customer due diligence
- Report certain transactions and suspicious activity to AUSTRAC
- Maintain compliance programs and records
REIWA is helping raise awareness ahead of implementation to ensure buyers and sellers are informed before the changes take effect.
Read more here; https://www.pmmetro.com.au/aml