Everything real estate agents need to comply with AUSTRAC Tranche 2. Free tools, templates, and training.
Select play to load the video. Nothing from YouTube plays until you do.
From July 1, 2026, real estate agents become "reporting entities" under Australia's Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF Act).
This means significant civil penalties set in penalty units, and criminal prosecution can include imprisonment, for agents who don't comply with new obligations including:
This applies when you broker a sale, purchase or transfer — residential or commercial. Ordinary leasing and property management are generally outside Tranche 2. Solo agents and large franchises face the same requirements when you provide that service.
You must verify customer identity (CDD) when:
In practice: CDD applies when you broker a sale, purchase or transfer. Ordinary leasing and property management are generally outside Tranche 2.
Send buyers/sellers a verification link. They complete biometric KYC on their device. Instant results + AML screening.
Try free KYC check →Board-ready AML/CTF Program customised for real estate. Covers property sales, deposits, suspicious transactions, record-keeping.
Download program →AI-powered ML/TF risk assessment for your agency. 5-minute quiz → 20-page CDD report for your firm's file.
Generate assessment →File SMRs, TTRs, and IFTIs directly to AUSTRAC. Pre-filled forms, guided wizards, no paperwork.
File a report →Free online courses for principals and agents. Covers Tranche 2 obligations, red flags, CDD procedures.
Start training →Track verified customers, pending CDD, and reviews. Audit pack for your firm: program and risk assessment, CDD reports, AUSTRAC reports you prepared, the audit trail, the training register (progress, FAML- certificate IDs when issued in FreeAML, and self-reported device imports), sanctions checks, and annual compliance reports.
See dashboard →You must report suspicious transactions to AUSTRAC. Watch for:
If you see these, file a Suspicious Matter Report (SMR) with AUSTRAC within 3 business days of forming the suspicion, and within 24 hours when the suspicion relates to terrorism financing. Use our free SMR tool.
Yes. When you broker a sale, purchase or transfer, verify the buyers and sellers. Ordinary leasing and property management are generally outside Tranche 2.
You must verify the entity + beneficial owners (anyone with 25%+ ownership). Use our free entity verification tool.
No. AUSTRAC requires government-issued ID (driver's licence, passport) verified against government databases. Bank statements don't meet the "reliable and independent" standard.
A longer note on that distinction is bank account checks and real estate customer due diligence. How you put the agency file together is Tranche 2 for a real estate agency.
You still need to verify them independently. Banks do KYC for lending; you do it for property transactions. Separate obligations.
Forever. Core tools (KYC, AML program, risk assessment, training, reports) are free permanently. We charge for bulk processing (100+ checks/month). See pricing.
Start with a free customer verification. Takes 2 minutes.
Used by 500+ Australian real estate agencies. Built for AUSTRAC Tranche 2 CDD.