Real estate agencies and property professionals brokering the sale, purchase or transfer of property are a core Tranche 2 sector.
You are not covered because you are an agent — you are covered because of one specific service, in the Act’s own words. What the law asks of a real estate agency, from the everyday gate to the records.
You may be in scope where you act as an agent in the buying, selling or transfer of real estate, or provide related designated services.
Whether your business is a reporting entity depends on the designated services you provide — not on having an ABN or being based in Australia. Check AUSTRAC’s sector guidance, and seek professional advice for your situation.
For authoritative sector guidance, see AUSTRAC’s real estate guidance.
Real estate professionals may be in scope where they act as an agent in the buying, selling or transfer of real estate, or provide related designated services. Scope depends on the services you provide; check AUSTRAC’s real estate guidance and seek professional advice.
Lex-AML is being built to help you set up an AML/CTF program around agency workflows, onboard buyers and sellers with a clear, consistent due diligence process, and keep an audit trail and records that stand up to review.
No. The Customer Portal collects information and your workspace structures it for review. Your team makes every customer due diligence decision.
Lex-AML supports compliance workflows and record keeping. It does not provide legal advice, does not guarantee compliance, and does not replace professional judgement or advice from a qualified AML/CTF adviser or legal professional.
Book a demo to see the current Lex-AML preview, discuss your sector workflow and understand how the product is being developed.