Anti-Money Laundering Laws (AML). Come into effect 1st July 2026. What is this and what it means for Real Estate?
From 1 July 2026, new laws require real estate agencies and many other industries including lawyers, accountants, conveyancers and precious metals dealers, to verify the identity of their clients. If you’re buying or selling, here’s what that means for you, and why it’s simpler than it sounds.
New laws. New steps. Same Noel Jones.
Anti-Money Laundering (AML) laws already apply to many industries. From 1 July 2026, they extend to real estate, meaning we’re required by law to verify the identity of every client in a property transaction.
Why?
This applies to everyone, and it’s designed to protect the integrity of the Australian property market. These laws strengthen protections against financial crime by requiring agents to take a more active role in verifying identity and monitoring property transactions.
We’ve got you covered.
We’ve partnered with First AML, a trusted, ISO 27001-certified verification platform, to make this as quick and simple as possible. Your information will be used for one purpose only: our AML compliance obligations. It will never be shared or sold.
What this means for you.
You may be asked for more information when buying or selling a property, similar to the compliance checks banks already do. It’s all part of improving transparency and keeping property transactions secure.
You’ll receive a secure link by email or SMS. It takes just a few minutes. You’ll need to confirm:
- Your full name, date of birth and address
- A current ID — driver’s licence or passport
Buying through a company or trust? Additional documentation may be required. Your agent will guide you through exactly what’s needed.
Making compliance simple.
For almost 50 years, Noel Jones has been helping people buy, sell, lease and manage property across Melbourne’s eastern suburbs. While legislation, technology and the property market continue to evolve, our commitment to genuine service, trusted advice and doing things the right way remains unchanged.
The introduction of AML requirements is an important step in strengthening the integrity of Australia’s property market, and we’re committed to making the process as simple and seamless as possible for our clients.
This is new for everyone, and we’re here to make it easy. Our team is fully trained, our systems are ready, and your agent is just a call away if you have any questions.
