AML/CTF Tranche 2 Reforms Are Coming
Australia's anti-money laundering laws are expanding to real estate. If you're a buyer's agent, you'll need KYC verification, due diligence processes, and AUSTRAC compliance by July 2026.
Who is affected?
Tranche 2 applies to professionals involved in property transactions across Australia.
Individuals
Up to $6.26M
20,000 penalty units
Body Corporates
Up to $31.3M
100,000 penalty units
Key Dates You Need to Know
From consultation to compliance — here's what's happening and when.
Jun 2025
Public consultation on draft rules
Aug 2025
Final AML/CTF Rules published
Sep 2025
Detailed guidance available
Dec 2025
Sector-specific guidance finalised
Jan 2026
Choose AML provider or build internal processes
Mar 2026
Formal AUSTRAC enrolment opens
Apr 2026
Finish system setup and trial run
Jul 2026
Obligations commence — full compliance required
7 Things Every Buyer Agent Must Do
These are the core obligations under Tranche 2. Non-compliance carries significant penalties.
AUSTRAC Enrolment
Register your business by July 2026. Provide structure details, appoint a compliance officer, and maintain your enrolment.
AML/CTF Program
Develop and maintain a written, risk-based compliance program tailored to your agency’s operations and client base.
Customer Verification (KYC)
Conduct identity checks and assess money laundering, terrorism financing, and proliferation financing risk factors for all transaction participants.
Ongoing Due Diligence
Monitor client activity continuously. Maintain records for a minimum of seven years. Flag changes in risk profile.
Suspicious Activity Reporting
Submit Suspicious Matter Reports (SMRs) within 72 hours. File Threshold Transaction Reports (TTRs) for cash transactions exceeding $10,000.
Staff Training
Ensure your team understands red flags, reporting procedures, and their obligations through role-specific training modules.
Record Management
Document all procedures, decisions, identity checks, and compliance evidence. Maintain audit-ready records at all times.
AgentHub Has You Covered
AgentHub 360 is building AML/KYC compliance directly into your existing workflow — no separate systems, no extra admin.
Identity Verification Built Into Onboarding
When you onboard a new buyer, AgentHub prompts you to collect and verify identity documents as part of the standard workflow. No separate KYC tool needed.
Risk Assessment at Every Stage
Automated risk flags based on transaction value, buyer profile, and property type. You’ll see alerts before they become compliance issues.
Audit-Ready Record Keeping
Every identity check, risk assessment, and client interaction is logged automatically. Seven-year retention built in. Always ready for AUSTRAC review.
Compliance Dashboard
See your entire compliance status in one view — who’s verified, who’s pending, what’s overdue. No spreadsheets, no guesswork.
Don't wait until July 2026
Start building compliant workflows now. AgentHub makes AML/KYC a natural part of your buyer agent process — not an afterthought.
AUSTRAC Guidance & Starter Kits
The Australian Government has published guidance and a starter kit to help you understand your obligations.
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