AgencyAML for Buyers Agents
Manage AML for just $333 per year, plus $6 per KYC check. No subscription.
AML Compliance Doesn’t Have to Be Complicated
Australia’s anti-money laundering (AML) reforms are changing the way buyers agents operate.
Under the Tranche 2 reforms, buyers agents will become reporting entities under the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime. That means you’ll need to verify your clients, assess risk, maintain compliance records, and establish an AML program before carrying out designated services.
AgencyAML has been built specifically to make compliance simple, affordable and practical.
Secure Your AgencyAML Subscription
AML obligations for real estate are no longer theoretical. AUSTRAC has published clear expectations and enforcement is active. “I’ll deal with it later” is no longer a safe position.
$333 per year for three years
Your subscription includes:
✔ Access to the AgencyAML platform
✔ Secure client onboarding
✔ Digital identity verification platform
✔ Flexible AML record keeping
✔ Risk assessment workflows
✔ Ongoing platform updates as legislation evolves
Verification costs
Know Your Customer (KYC) – $6/check
Know Your Business (KYB) – $19/check
Only pay for the checks you use. Buyer and sellers pay by credit card.
What do buyers agents need to do?
Once the reforms commence, buyers agents providing designated services are expected to have systems and processes that enable them to:
- Verify client identity (KYC)
- Verify companies and trusts where applicable (KYB)
- Conduct risk assessments
- Identify beneficial owners
- Screen clients where required
- Maintain compliance records
- Monitor ongoing client relationships where applicable
- Report suspicious matters when legally required
- Maintain an AML/CTF Program
Why agencies trust AgencyAML
Designed exclusively for real estate. Not adapted. Not generic. Built around how sales actually run.
Backed by an incorporated law firm. This isn’t software guessing at compliance. It’s legal interpretation, embedded.
Using Equifax interface. The same system used by the big four banks, this is as safe as you get.
We offer simplicity, compliance and savings.
Key Dates & Deadlines
| Date | Requirement |
| 31 Mar 2026 | AUSTRAC enrolment opens for real estate agencies. |
| 1 Jul 2026 | AML/CTF obligations officially commence for real estate agencies providing “designated services” |
| 29 Jul 2026 | Deadline to enrol and register with AUSTRAC (28 days after obligations start). |
| 2026–onwards | Continuous: CDD/KYC, reporting, record-keeping |
| ~2029 | First independent audit due (3 years after compliance start) |
Updated AML/CTF Obligations for Real Estate Agencies
Read about obligations
1. Enrol and register with AUSTRAC
Must enrol with AUSTRAC as a reporting entity before providing any designated service.
Enrolment opens 31 March 2026 and must be completed by 29 July 2026 for services provided from 1 July 2026.
2. Develop and maintain an AML/CTF program
Implement a written AML/CTF program tailored to your risk profile that outlines how you identify, mitigate, and manage money-laundering and terrorism-financing risks.
This must be in place before you start providing designated services from 1 July 2026.
3. Appoint a responsible Compliance Officer
A senior person must be appointed to oversee AML/CTF compliance and ensure ongoing adherence to obligations.
AUSTRAC expects this to be established by 1 July 2026 as part of readiness activities.
4. Verify buyer/seller identity (KYC)/Customer Due Diligence (CDD)
Conduct customer identification and verification before providing a designated service (i.e. CDD/KYC).
Your AML/CTF program must fully document the procedures you use to identify and verify clients.
5. Report suspicious and large cash transactions
From 1 July 2026, you must:
- Lodge Suspicious Matter Reports (SMRs) when you reasonably suspect criminal activity.
- Within 24 hours if terrorism-related.
- Within 3 business days for other matters.
- Lodge Threshold Transaction Reports (TTRs) where applicable (e.g., cash transactions of $10,000+).
- Submit an Annual AML/CTF Compliance Report to AUSTRAC.
6. Make and keep records for 7 years
Agency must retain:
- AML/CTF program documentation
- Customer identification and verification records
- Transaction and report records
…for at least 7 years after the service ends or after enrolment ceases.
7. Undergo independent audits every 3 years
Once obligations commence, agencies must arrange independent compliance audits of their AML/CTF program on a triennial basis (every 3 years), with the first likely due by mid-2029 following the start of obligations on 1 July 2026 (consistent with general AML/CTF audit cycles).
(Specific audit start date isn’t yet published but will align with standard AML/CTF audit timeframes under AUSTRAC guidance.
Be wary of AML providers who claim they “take care of it all”.
AML platforms play an essential role helping you fulfil your obligations but by law, they cannot remove the need for you to oversee this process.
Most agencies sign on with a provider who handles parts of the AML obligations, like verifying your clients identity or managing your teams workflow. This does not mean you’re off the hook. If something goes wrong, AUSTRAC will still hold you accountable, not the provider or your staff.
So before you sign up with any AML provider, take a minute to sanity-check what you’re getting into and what they are promising you. It’s worth reviewing:
- Guidance for engaging a RegTech
- Using outsourcing to help meet your obligations
- Sample checklist for engagement of AML/CTF adviser
Because this isn’t admin, it’s risk. And in this space, outsourcing the task doesn’t mean outsourcing the consequence.
Our full suite of tools
Secure digital execution
AML/CTF compliance embedded
Funding for marketing and improvements
Commission access at exchange
Simplified supplier payments
Fewer steps, clearer control
AML is unavoidable. Stress is optional. Speak to the AgencyAML team member today.
Frequently Asked Questions
What is Tranche 2?
What is KYC?
Know Your Customer (KYC) is the process of verifying the identity of an individual client before providing designated services.
AgencyAML performs these checks for $6 per verification.
What is KYB?
Know Your Business (KYB) verifies the identity and ownership of companies and other legal entities.
AgencyAML performs these checks for $19 per verification.
Will AgencyAML guarantee compliance?
AgencyAML is a compliance technology platform designed to assist businesses in meeting their AML/CTF obligations. It does not constitute legal or compliance advice. Businesses should obtain independent legal or compliance advice regarding their obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act and associated Rules.