AML/CTF Reliance: how and when to use Reliance to grow your business
From 1 July 2026, every reporting entity in a property transaction has to complete its own AML/CTF checks. In a single sale, that can mean the agent, a buyer’s agent, and the lawyer or conveyancer all running the same checks on the same client. Reliance is part of the legislation designed to fix that. In […]
AML/CTF Customer Due Diligence for conveyancers
From 1 July 2026, every client you onboard for a designated service will need to go through a customer due diligence process. For most firms, that means rethinking what client intake looks like. A lot of what’s required is an extension of what many firms are already doing, the obligation is to formalise and document it as part […]
AML/CTF AUSTRAC Enrolment for conveyancers
On Thursday 11 June 2026, more than 700 conveyancers joined triSearch for a live, hands-on Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) workshop ahead of the 1 July deadline. Richard Storey, Risk Consulting Partner at Grant Thornton Australia, led the compliance guidance, with live platform demonstrations from triSearch Major Account Manager Mark Pinto. The workshop was […]
AML/CTF onboarding for non-individuals: what changes from 1 July
How do you onboard a company, trust, or partnership under AML/CTF? From 1 July 2026, the answer looks very different from the standard client intake most firms run today. Under the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms, onboarding a non-individual client becomes a full due diligence exercise. We unpacked exactly what that means in […]
5 AML/CTF events you shouldn’t miss this June
The 1 July 2026 AML/CTF compliance deadline is just five weeks away. For conveyancers and property lawyers figuring out where to start, there is still time to get your program in place, your workflows built, and your team ready. This June, triSearch is running five complimentary events to help you do exactly that. A hands-on […]
Record keeping under AML/CTF Tranche 2
Record keeping does not get much attention in AML/CTF conversations, but it is one of the obligations most likely to catch firms out. It is not a one-off task you complete at onboarding. It runs through every part of your compliance program, from the first time you verify a client to the day you close […]
Customer Due Diligence: Everything you need to know
Customer Due Diligence (CDD) is a core part of Tranche 2 AML/CTF compliance. Understanding your client is essential to managing risk, making informed decisions, and meeting your obligations effectively. What is Customer Due Diligence? Customer Due Diligence (CDD) involves verifying your client’s identity, understanding their role in the transaction, and assessing their ML/TF risk. It […]
5 key AML/CTF obligations under tranche 2
With tranche 2 AML/CTF reforms approaching, conveyancers and legal practitioners are turning their focus to what compliance will look like in practice and where to begin. The requirements may seem complex at first, but the path forward is more structured than it appears. Drawing on AUSTRAC guidance, these obligations can be broken down into five […]
AUSTRAC’s examination powers: what firms need to know
As AML/CTF reforms draw closer, many firms are asking an important question: what happens if compliance obligations are not met, and how might regulators respond? One aspect of the evolving regulatory framework is the introduction of section 172A examination powers, which allow AUSTRAC to require individuals to provide information or documents where they may hold […]
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 […]