Tranche 2 deadline: July 1, 2026. Verify every buyer, seller, and tenant in minutes. Stay compliant. Avoid penalties.
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Tranche 2 AML/CTF requirements for real estate agents
Verify the identity of every buyer, seller, landlord, and tenant (for leases ≥ $10,000/month) using an approved method (photo ID + biometric check).
Check clients against AML watchlists and politically exposed persons (PEP) databases during onboarding and throughout the relationship.
Maintain all verification records, transaction details, and due diligence documentation for 7 years after the transaction completes.
Report any suspicious transactions or behaviours to AUSTRAC within 24 hours of forming suspicion.
Develop and maintain a written AML/CTF compliance program, train your staff, and appoint a compliance officer.
Civil penalties up to $27.5 million per breach. Criminal prosecution with up to 10 years imprisonment for serious or intentional non-compliance.
Everything real estate agents need to know about Tranche 2
Don't wait until July 2026. Get your verification process set up now.