Stockdale & Leggo is stepping up preparations ahead of the introduction of Australia’s new Anti-Money Laundering and Counter-Terrorism Financing reforms, warning the changes will mark one of the biggest operational shifts the real estate industry has seen in decades.
From 1 July 2026, Australian real estate professionals will officially fall under AML/CTF obligations, bringing the sector into line with banks and financial institutions already operating under strict compliance frameworks.
The reforms are designed to prevent illegal money entering the property market and strengthen the integrity of Australia’s financial system. They will impact every buyer, seller, investor, agency, and property transaction across the country.
Stockdale & Leggo says the changes are not something agencies can afford to ignore or leave until the last minute.
The network has confirmed it is already investing heavily in education, awareness, and operational readiness across its offices, with a major focus on training, systems, and compliance support to ensure agents are equipped well ahead of the deadline.
Catherine Rogers, Chief Operating Officer/Head of AML says “Like many people in real estate, my understanding of anti-money laundering 18 months ago was largely shaped by what we saw on shows like Ozark. Since then, I have made it a priority to educate myself on why real estate has been included in Tranche 2 reforms.
Real estate is internationally recognised as a sector vulnerable to money laundering and organised crime. According to the Financial Action Task Force (FATF), real estate makes up around 30 per cent of confiscated criminal assets worldwide, so these reforms are not just a compliance exercise.
They are about protecting the integrity of our property market, our clients and Australia’s broader financial system.
As an export-driven and highly globalised economy that relies heavily on foreign investment, Australia must ensure its property market is aligned with international best practice. Real estate agents did not enter the profession to fight financial crime, but we are on the front line of property transactions, and it makes sense that we now have an important role to play.
My focus has been to understand the reforms deeply enough to help find the most practical and effective solution for our network. We want our offices to be prepared, supported and able to continue their day-to-day work with as little disruption as possible.
That is why we have partnered with AML Hub and are providing our network with options, including the ability to join our Head Office managed reporting group or manage their obligations internally. There is no one-size-fits-all approach, but there does need to be a clear, informed and proactive approach.
Stockdale & Leggo is now in a strong position to take on AML/CTF obligations from 1st July, and our priority is to ensure our people feel confident, supported and ready," she says.
The introduction of AML/CTF obligations is expected to increase identification, verification, and reporting requirements throughout property transactions, with agencies needing stronger internal processes and documentation standards.
Industry experts believe the reforms will place greater pressure on agencies to modernise systems, improve record keeping, and adopt more structured compliance procedures.
Ms Rogers believes agencies that begin preparing now will be in a significantly stronger position once the legislation takes full effect.
As the countdown to July 2026 continues, the network says proactive education and industry-wide awareness will be essential to ensuring a smooth transition for both agents and consumers.
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