New AML Laws Are Here: What Property Buyers and Sellers Need to Know July 3, 2026

From 1 July 2026, significant changes to Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws have come into effect, introducing new identity verification obligations for professionals involved in property transactions.

For clients, this means that when buying, selling or transferring property, you may be asked to provide identification documents and other information before your transaction can proceed.

Why are these changes being introduced?

Property transactions have long been recognised as an area vulnerable to fraud, identity theft and money laundering. The new laws are designed to strengthen protections for consumers, businesses and the broader community by ensuring that professionals involved in property transactions can properly identify their clients and understand who is involved in a transaction.

What information might be required?

Depending on your circumstances, you may be asked to provide:

·         Passport or driver’s licence

·         Proof of address

·         Date of birth and contact details

·         Information relating to companies or trusts

·         Details of persons authorised to act on behalf of others

·         Additional information required to satisfy legal compliance obligations

These requirements are now a standard part of many property transactions across Australia.

Protecting Your Information

We understand that providing personal information is an important matter. Information collected for identity verification purposes is handled in accordance with applicable legal, privacy and professional obligations, and is requested only where necessary to meet legislative requirements.

What Does This Mean for Your Transaction?

The easiest way to avoid delays is to provide requested identification and supporting information as soon as possible. In some circumstances, professionals may be unable to continue acting until verification requirements have been satisfied.

At marshalls+dent+wilmoth, we are committed to making the process as straightforward as possible while ensuring compliance with our legal obligations and protecting the integrity of property transactions.

Want to learn more about how the new AML/CTF requirements may affect your property transaction?

Visit our website: https://mdlaw.com.au/expertise/anti-money-laundering-and-counter-terrorism-financing-aml-ctf/