How AMLify Sets Up Real Estate Compliance in 30 Minutes
A guided walkthrough of AMLify's real estate compliance module — from business profile to AUSTRAC enrolment checklist, set up in under 30 minutes.
AMLify sets up a complete AML/CTF compliance programme for Australian real estate agents in under 30 minutes. Now that Tranche 2 has commenced, here is a walkthrough of what the setup process covers and how the module keeps your agency compliant after the deadline.
How does the AMLify real estate setup work?
The onboarding wizard walks through five steps: 1. Business profile — confirm your designated services (property sales, property management, commercial transactions) 2. ML/TF risk assessment — structured questions about client geography, payment methods, and transaction volumes; AMLify scores your risk and tailors the programme accordingly 3. Programme generation — Part A (governance and controls) and Part B (CDD procedures) produced as a live, editable document 4. Staff configuration — assign your AMLCO and invite team members with role-based access 5. AUSTRAC enrolment checklist — a guided list of what to submit through AUSTRAC Online before 1 July 2026
What does the real estate compliance module cover?
The module addresses every Tranche 2 obligation for real estate agencies: - Customer due diligence — client identification, verification, and beneficial ownership mapping for trust and company buyers, plus PEP and sanctions screening on intake - Ongoing monitoring — automated re-screening at configurable frequency by risk tier - Transaction monitoring — flags third-party payments and last-minute account changes before settlement - Suspicious matter reports (SMRs) — guided SMR form pre-populated from the client file, with a tipping-off reminder at submission - Record keeping — seven-year retention for all CDD documents, monitoring records, and SMR submissions - Staff training — built-in real-estate-calibrated training module with completion tracking for every team member
What happens after 1 July 2026?
AMLify keeps your programme current. When AUSTRAC guidance changes, you receive a prompt to review and re-approve the affected sections. Scheduled reminders cover annual risk assessment updates, AMLCO review periods, and staff training renewal — so your programme stays live rather than becoming a static document filed and forgotten. Every decision, from CDD sign-offs to SMR submissions, is timestamped and retrievable from the audit log. See what the full feature set includes if you want to explore beyond the real estate module.
Key Takeaways
- Setup takes under 30 minutes — five guided steps from business profile to AUSTRAC enrolment checklist
- Covers every Tranche 2 obligation for real estate agents: CDD, beneficial ownership mapping, ongoing monitoring, SMRs, record keeping, and staff training
- Role-based access keeps the AMLCO in control while letting agents complete their CDD tasks without touching programme documents
- Post-deadline the platform keeps your programme current and sends scheduled compliance reminders
- Get compliant now — start your setup at AMLify for real estate agents
Frequently Asked Questions
Q: Does AMLify submit AUSTRAC enrolment on my behalf?
No. AUSTRAC enrolment must be completed directly through AUSTRAC Online by an authorised officer of the business. AMLify provides a guided checklist showing exactly what to submit and what information AUSTRAC requires, but the submission itself must come from you. Enrolment and having a compliant programme are separate obligations — both are required before 1 July 2026.
Q: How does AMLify handle beneficial ownership for company or trust buyers?
When a buyer is a company or trust, AMLify's CDD workflow prompts you to map through every ownership layer until you reach the natural persons who ultimately own or control the entity. The completed ownership map is stored in the client file and flagged for re-verification if the ownership structure changes during the matter. This satisfies AUSTRAC's requirement to identify beneficial owners, not just signatories.
Q: Can a sole real estate agent use AMLify, or is it only for large agencies?
AMLify is designed for any real estate business that provides a designated service under the Tranche 2 reforms — from sole agents through to national franchise networks. A sole agent's compliance obligations are the same in scope as a large agency's; the platform scales to the volume of transactions. See AMLify for real estate agents and pricing for plan details.
This is general information only and not a substitute for legal advice.