Deadline: March 31, 2026
Criminal penalties apply for non-compliance from July 1, 2026. Penalties can include up to 2 years imprisonment, and significant civil penalties set in penalty units.
Your Obligations (What You MUST Do)
When you broker a sale, purchase or transfer, you're caught by Tranche 2. Ordinary leasing and property management are generally outside Tranche 2. Here's what AUSTRAC requires:
- Register with AUSTRAC by March 31, 2026 (free, takes 10 minutes)
- Create an AML/CTF Program - your compliance rulebook
- Complete a ML/TF Risk Assessment - identify your risks
- Train your team on AML obligations and red flags
- Verify all clients before settlement (new + existing if ongoing relationship)
- File reports when required (SMR for suspicious, TTR for $10k+ cash)
- Keep records for 7 years (verifications, training, programs)
How to Do It All for $0
1. AUSTRAC Registration (FREE)
Register at AUSTRAC Online - takes 10 minutes. Follow our step-by-step enrollment guide.
Learn more →2. AML Program (FREE vs $2,000-5,000)
Use our Program Generator. Real estate-specific template downloads in 5 minutes.
Learn more →3. Risk Assessment (FREE vs $3,000-5,000)
AI-powered 20-page risk report. Settlement workflows, foreign buyers, property types covered.
Learn more →4. Team Training (FREE vs $500-1,000)
4 interactive modules with certificates. Track team completion.
Learn more →5. Client Verifications (FREE for You)
Client pays their own $20 - you pay $0. Biometric ID + AML screening.
Learn more →6. Reports & Records (FREE)
SMR/TTR/IFTI templates. Export order history for your records. Compliance dashboard.
Learn more →Total Cost: $0
Save $11,498 first year vs traditional compliance
Your 30-Minute Compliance Checklist
Follow this checklist to get the file started:
- 1Register with AUSTRAC
⏱️ 10 min
- 2Generate AML Program
⏱️ 5 min
- 3Complete Risk Assessment
⏱️ 10 min
- 4Invite team to training
⏱️ 2 min
- 5Send first verification link
⏱️ 2 min
Total: 29 Minutes
Your checks are in the dashboard for your firm's file. Enrolment and reporting stay with your firm.
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Bank account checks for real estate
AUSTRAC does not ask you to verify a bank account for a sale.
📚 Related Resources
Real Estate AML Toolkit →
Complete compliance toolkit for property agents.
Real Estate AML Guide →
Everything agents need to know about Tranche 2.
Free KYC Check →
Verify customer identity in 60 seconds. Government ID + AML screening.
Free AML Program →
Board-ready AML/CTF Program template. All 10 AUSTRAC sections included.
Risk Assessment Generator →
AI-powered ML/TF risk assessment. 20-page compliant report in 5 minutes.
Free AML Training →
Online courses for staff. CPD-certified certificates included.
Frequently Asked Questions
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Join thousands of real estate agents using FreeAML for zero-cost Tranche 2 compliance.
Start Free Compliance (29 min) →No credit card required. No hidden fees. Ever.