Important Changes From 1 July 2026
Australia’s new AML/CTF (Anti-Money Laundering and Counter-Terrorism Financing) laws have introduced significant changes to property transactions.
Law firms and conveyancers are legally required to complete client due diligence and identity verification before acting in many matters.
You may notice more detailed onboarding requirements, mandatory digital identity verification, additional questions regarding source of funds and ownership structures, and increased compliance checks before work can commence.
Our firm conducts Verification of Identity (VOI) and due diligence checks remotely through InfoTrack.
You can find more information on our website here.