AMLify's Compliance Tools for Real Estate Agents

AMLify's compliance platform keeps Australian real estate agents audit-ready after Tranche 2 commenced on 1 July 2026. The platform handles customer due diligence collection, beneficial ownership mapping, PEP and sanctions re-screening, and AUSTRAC reporting — so agents can focus on property transactions while the compliance layer runs in the background.

What compliance tools does AMLify provide for real estate agents?

Once a real estate agency completes initial setup — AML/CTF programme configuration, ML/TF risk assessment, and client onboarding workflows — AMLify's ongoing compliance layer activates automatically: - Compliance dashboard — a live view of outstanding CDD items, re-screening alerts, and any open AUSTRAC reporting tasks - Transaction-linked CDD — identity verification and beneficial ownership mapping are built into the client engagement workflow - Automated re-screening — existing clients are re-screened against PEP and sanctions lists at the cadence defined in the programme - AUSTRAC reporting queue — SMR and TTR drafts surface in a single queue, pre-populated from the client CDD file

How does AMLify automate CDD for real estate transactions?

For each new buyer or vendor, AMLify guides the agent through a structured CDD collection screen. Individual clients provide full legal name, date of birth, and residential address — verified against a current government-issued document. For entity clients, AMLify extends the workflow to beneficial ownership mapping: the agent records shareholders or beneficiaries holding 25% or more of voting rights, and AMLify retains the full ownership chain against the matter file. All CDD records are timestamped and retained for the mandatory seven years under the AML/CTF Act 2006.

How does AMLify manage ongoing monitoring for real estate agents?

After initial CDD is complete, AMLify continues monitoring each client relationship. PEP and sanctions re-screening runs automatically at the programme-defined frequency — typically at each new transaction for standard-risk clients and monthly for elevated-risk clients. When a flag is returned, the AMLCO receives an immediate alert with the client record and the specific match. The AMLCO records a disposition, and the decision is stored against the file. If the flag warrants enhanced due diligence, AMLify surfaces the EDD workflow from the same alert, keeping the review contained. See AMLify for real estate agents to explore these features.

Key Takeaways

• AMLify automates CDD for individual and entity clients, including beneficial ownership mapping for company and trust buyers
• Ongoing monitoring runs automatically — re-screening triggers at the programme-defined cadence with AMLCO alerts for any flags
• AUSTRAC reporting is built in — SMR and TTR workflows pre-populate from the client CDD file and enforce the tipping-off prohibition
• Seven-year record retention is automatic; all CDD, monitoring, and reporting records are stored with timestamps for AUSTRAC supervision
• Start your free trial — AMLify for real estate agents is available at /pricing

Frequently Asked Questions

Q: What AUSTRAC reports must real estate agents lodge under Tranche 2?

Real estate agents providing designated services must lodge Suspicious Matter Reports (SMRs) within three business days of forming a suspicion — or within 24 hours if the suspicion relates to ML/TF activity — and Threshold Transaction Reports (TTRs) for cash transactions of AUD 10,000 or more within 10 business days. AMLify surfaces both obligations in a single reporting queue and pre-populates reports from the client CDD file to minimise manual entry.

Q: Can AMLify manage both the AML/CTF programme and client CDD for a real estate agency?

Yes. AMLify covers the full compliance lifecycle: programme setup (Part A and Part B), ML/TF risk assessment, CDD and beneficial ownership workflows, ongoing monitoring, staff training module, and AUSTRAC reporting. A single AMLCO can manage all Tranche 2 obligations from one dashboard, with no need for separate tools or manual spreadsheets.

Q: How quickly can a real estate agency get set up in AMLify?

Most agencies complete initial setup — programme configuration, risk assessment, and first client CDD workflow — within 30 minutes. AMLify's guided setup wizard steps through each Part A and Part B requirement in plain language, and the ML/TF risk assessment pre-populates from the agency's designated service profile. Agencies can be fully operational on day one of the 14-day free trial.

This is general information only and not a substitute for legal advice.

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