13/07/2026
From 1 July 2026, a new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) measures have been enforced in accordance with legislative reforms. This is now a legal requirement to complete.
Under the AML/CTF Amendment Act 2024, professional in the sectors of law, real estates and accountants will need to:
➡️ Verify customer identity
➡️ Monitor transactions or unusual or suspicious activity
➡️ Report suspicious activity to relevant authorities
As a conveyancing seller or buyer or estate executor, this mean you will be asked for more detailed information and documentation throughout the matter. We are not being painful, this is now the law. We are required to confirm where funds for conveyancing matters are coming from and much more.
As part of the identity verification process clients will be sent a link to complete verification. In this link you will have to upload copies of your identification like passport, driver licence, medicare card, marriage and birth certificates, Immigration Certificates etc.
If you refuse to provide the information requested, then we are legally prohibited from acting on your behalf. It will also trigger a suspicious matter report with governing bodies. This is not something that we are taking lightly as we can be fined for not completing the requirements.
We ask that you give us a little time, this change is big and we all need to work together to protect ourselves and our clients.
If you have any further queries, please do not hesitate to contact our office.