AML/CTF Reforms 2026: Why Your Real Estate Agent Will Need to Verify Your Identity From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws will apply to real estate professionals across Australia. While buying or selling a property may feel no different, you may notice one important change: your real estate agent may ask to verify your identity. These reforms are being introduced to help prevent criminals from using the property market to launder money or fund illegal activities. Similar identification requirements already exist in industries such as banking, finance and legal services. As part of the new obligations, real estate agencies will be required to undertake customer due diligence. This means agents may need to collect and verify identification documents, confirm certain personal information and, in some circumstances, ask additional questions about a transaction. At Wiseberry, we understand that providing identification can feel unfamiliar in a real estate transaction. However, these checks are a legal requirement and are designed to protect both clients and the broader community from financial crime. The information collected will be handled securely and in accordance with privacy laws. Our goal is to make the process as simple and seamless as possible while continuing to provide the exceptional service our clients expect. If you are planning to buy, sell, lease or invest in property, being prepared with identification documents will help ensure your transaction progresses smoothly. The introduction of AML/CTF reforms marks an important step in strengthening trust and transparency across the Australian property industry. As these changes take effect, Wiseberry is committed to guiding our clients through the process and keeping them informed every step of the way. For more information, speak with your local Wiseberry office.
