AML/CTF in Real Estate
Learn what the new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws mean and what to expect when buying or selling property.
Helping prevent money laundering and financial crime
From 1 July 2026, changes to Anti-Money Laundering and Counter-Terrorism Financing Act 2006 mean that we now have a legal obligation to verify your identity before we can provide services to you.
These checks help protect the financial system and the community.
What this means for you
When we provide a service, you may be asked to:
- Verify your identity before using our services
- Explain how our services will be used
- Verify who owns or controls an account or business
- Keep your details up to date
- Provide additional information where required.
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These checks are a standard legal requirement and apply to many customers and services.
Why this is necessary
Collecting this information helps us to:
- Protect customers and services from criminal abuse
- Support a safe and secure financial system
- Meet our legal obligations
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For more information, please visit the AUSTRAC website by clicking the button below.Â
How Harcourts Packham Verifies Your Identity
We’ve partnered with AMLHub to securely complete identity verification and meet our AML/CTF compliance obligations.
