Anti-Money Laundering
New identity verification requirements for buying and selling property in Western Australia.
New AML Legislation
From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws came into effect across Australia, introducing additional verification requirements for many property transactions.
As licensed settlement agents, we are now legally required to complete identity and client verification checks before acting on your behalf.
While this introduces a few extra steps, our priority is to make the process as simple, secure and stress-free as possible.
Why have these laws changed?
The Australian Government has expanded Anti-Money Laundering legislation to better protect Australia's financial and property sectors from criminal activity.
Property transactions can involve large sums of money, making them vulnerable to money laundering and other financial crimes. These new laws help ensure settlement professionals verify who they are acting for and understand the transactions they facilitate.
The changes apply across Australia and affect settlement agents, conveyancers, lawyers, accountants and real estate professionals involved in regulated services.
Your AML questions answered
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Most property transactions will require some level of identity verification and client due diligence. The exact requirements depend on the nature of the transaction and the parties involved.
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We'll let you know exactly what's required for your situation. In most cases, this includes government-issued photo identification and, where applicable, additional supporting documentation.
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Yes.
Verification of Identity (VOI) remains a separate requirement for property transactions. The new AML legislation introduces additional obligations that go beyond confirming your identity and may require us to obtain further information about the transaction.
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Unfortunately, we may be unable to act on your behalf or proceed with your settlement until we've met our legal obligations.
Providing your documents promptly helps avoid unnecessary delays.
