05/05/2026
From the 1st July 2026 all Conveyancers and Lawyers will have an AML/CTF Obligation. (Anti-Money Laundering & Counter -Terrorism Financing). We will now have new obligations designed to detect and deter financial crime.
This means, that before any work can be completed on your behalf we must complete a Verification of Identity and AML/CTF documents. This can all be completed electronically and for most people, should not take more than 5-10 minutes.
It is important to be aware of this requirement so that you can complete this as well as get your documents reviewed or drafted in a timely manner.
What is AML/CTF?
Australia has introduced new Anti Money Laundering & Counter-Terrorism Financing (AML/CTF) reforms known as Tranche 2 to strengthen protections against financial crime.�
These reforms extend AML/CTF obligations to industries such as lawyers, conveyancers, real estate and accountants. The goal is to close regulatory gaps, align with global standards, and better prevent money laundering and terrorism financing across Australia.
Why you’re being asked for personal information
As part of the new laws, businesses must verify their client’s identity before providing certain services. This includes collecting information such as:
• Verification of identity
• Address details
• Company ownership or beneficial ownership information, if relevant
• Trust information
These checks help ensure that services aren't misused for illegal activities. The verification process is a standard legal requirement, not a reflection on you or your transaction.
How will your information be used?
Your information will only be used to meet legal AML/CTF requirements, which may include:
• Verifying your identity
• Conducting due diligence
• Supporting ongoing compliance and monitoring obligations�
Your data will not be used for marketing, sold, or shared beyond what the law requires for AML/CTF compliance.
How long your information will be stored
Under AML/CTF legislation, businesses must securely retain identification and verification records for 7 years.
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I will be using InfoTrack, to complete my verification of identities and AML/CTF obligations, they will store this information for me, with its secure, ISO‑certified platform for the full retention period, after which it is safely deleted in accordance with regulatory requirements.