Understanding AML/CTF Requirements in Real Estate
What You Need to Know
At Facey Property, we are committed to delivering secure, transparent and professional property transactions, and as part of this, we are implementing new processes aligned with Australia’s Anti‑Money Laundering and Counter‑Terrorism Financing (AML/CTF) laws. From 1 July 2026, these regulations will apply to real estate agencies, requiring us to verify the identity of our clients and, in some cases, collect additional information about ownership structures and the source of funds. While this introduces another step in the process, it plays an important role in protecting the integrity of the property market and ensuring transactions are conducted with confidence and trust.
As part of these requirements, you may be asked to provide identification such as a passport or driver’s licence, proof of address, or documentation relating to companies or trusts. These checks are applied consistently to all clients and are not a reflection of any concern about a particular transaction. In some situations, particularly where transactions are more complex or involve higher risk factors, we may need to request further information to meet our legal obligations. The platform we use, First AML, will guide you through what is required and why, so there is complete clarity at each stage.
We appreciate that providing personal information can feel like an additional administrative step, and we are focused on making this as straightforward and secure as possible. We use trusted verification technology and handle all information with strict confidentiality, ensuring your data is protected at every stage. If you would like to better understand what these requirements involve and how they may apply to you, you can view our full guide here: