AML/CTF: How to identify suspicious transactions
Every property lawyer and conveyancer understands the inherent complexity of real estate transactions. However, when substantial capital moves through a file without a clear origin, your professional responsibility extends beyond contracts and settlements. Under the upcoming AML/CTF Tranche 2 reforms, identifying and acting on indicators of potential money laundering will become a core requirement. Why […]
AML/CTF compliance for conveyancers & lawyers
The AML/CTF reform is entering a new phase. These changes are designed to strengthen the financial system and reduce the risk of property transactions being used to facilitate money laundering and serious crime. With key deadlines approaching, now is the time for firms to understand what’s changing, what’s required, and how to prepare. Key dates […]
AML/CTF: How to identify suspicious customers
With AML/CTF Tranche 2 regulations set to roll out this July, legal practitioners need to strengthen their ability to spot suspicious clients. Understanding what to look for and why it matters is a critical first step in building compliance confidence. Here are practical tips to help you stay ahead and protect your firm. 1. Understanding […]
3 strategies for gathering valuable customer feedback
Gathering valuable customer feedback can help bolster your reputation and provide you with genuine content for any searching or interested prospects. There are many methods and styles of content you can use to promote your practice, but one of the most valued by a consumer, will likely be what other consumers have said, especially in […]
How Cyber Attacks Can Disrupt Conveyancing Firms and How 2FA Helps
In the digital-first world of conveyancing, where transactions are conducted online and sensitive client data is the lifeblood of your firm, security isn’t just a luxury – it’s a necessity. But as technology advances, so do the threats, and cybercriminals are becoming increasingly sophisticated. A breach isn’t a matter of “if,” but “when,” and for […]
More environmental searches required for Seller Disclosure
Conveyancers can avoid the risk of having a contract terminated and save their clients thousands by making sure the right searches are in place
4 bookkeeping tips for small conveyancing businesses to improve cash flow (with ATO insights)
Bookkeeping might not be the most thrilling aspect of running a small conveyancing practice, but it’s absolutely crucial for maintaining financial control, ensuring compliance, and fuelling your business growth. In Australia, where small businesses make up 97.2% of all businesses, sound financial management is more important than ever. The Australian Taxation Office’s latest estimates for […]
AML/CTF obligations: Why Conveyancers should act now and how technology can help
Australia’s AML/CTF Amendment Act 2024 expands anti money laundering and terrorism financing obligations to a new group of non-financial businesses and professions, collectively known as “Tranche 2 entities”. From 1 July 2026, the reforms will apply to professions like real estate professionals, lawyers, conveyancers, accountants, trust and company service providers, and dealers in precious stones, […]
How to turn real estate agents into your strongest allies
A successful and smooth property sales transaction is the result of numerous professional stakeholders working in harmony and in the best interests of vendors and buyers. It’s the engine room that navigates the required detail of title searches and legal obligations that support the often-emotional element of a real estate sale. Conveyancers and real estate agents are in the centre of it. The relationship between these practitioners is therefore critical.
Clock ticking for conveyancers under AML reforms: AUSTRAC
Conveyancers have just 12 months to prepare for sweeping anti-money laundering reforms — and AUSTRAC has made clear that time is not on their side. AUSTRAC chief executive Brendan Thomas said the 1 July 2026 deadline for legal professionals to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act leaves little room for delay. “We […]
