Streamlined Tranche 2 AML Compliance for Conveyancers
Don't let Tranche 2 red tape delay your property transfers. Lead AML provides fast KYC onboarding, Delayed CDD workflows, and automated risk profiling for conveyancing practices.
Navigating the Tranche 2 AML Obligations for Property Transfers
Since 1 July 2026, conveyancers must have a fully operational AML/CTF program in place before assisting in the planning or execution of any real estate transaction. Because high-value property transfers are a primary vehicle for laundering illicit funds, the regulatory scrutiny on settlement agents is intense.
Delayed CDD: Keep Deals Moving
AUSTRAC allows conveyancers to delay full identity verification on counterparties in certain circumstances. Lead AML tracks each party’s checks on the matter, so you stay compliant without stalling settlements.
Fast, Automated Buyer & Seller Verification
AUSTRAC allows for specific operational exemptions to keep property transactions moving, but these must be strictly documented. Lead AML keeps every check and decision on the record — so you focus on settlements, not paperwork.
Seamless PEP and Sanctions Screening for Settlements
Delayed CDD Workflows
In fast-paced transactions, track each party’s checks while you use AUSTRAC’s "Delayed CDD" provisions, which can allow you to delay full identity verification on counterparties until after contracts are exchanged (or before settlement), keeping deals on track.
Third-Party Verification Arrangements
Work seamlessly with real estate agents. Record in your program when you rely on CDD done by another reporting entity, and share a transaction securely with the other parties, so nobody duplicates effort.
Targeted Risk Profiling
Risk assessments that flag high-risk transactions, such as unfinanced purchases over $1.5 million, the use of physical cash over $50,000, or the use of virtual assets.
Automated Name Screening
Instant PEP and adverse media checks for all parties on the property title.
AML for conveyancers: FAQs
Are conveyancers covered by Tranche 2?
Yes, when they help clients buy, sell or transfer real estate, which is a designated service. Conveyancers must enrol with AUSTRAC, have an AML/CTF program and do customer due diligence on their clients.
Who do I need to verify in a property transaction?
Your own client, including the beneficial owners of a company or trust client and anyone acting on its behalf. Each party’s own agent, lawyer or conveyancer is responsible for their client.
How can I verify clients quickly before settlement?
Send a digital ID check by email or text. The client verifies on their phone in about 3 minutes and the result comes back automatically, then they’re screened against PEP and sanctions lists.
How much does AML software for conveyancers cost?
Lead AML plans start at $79 a month (plus GST), with monthly credit for automated ID and business checks and the AML/CTF program builder included. You can try every Growth feature free for 14 days, no card needed.
See it working on your own clients
- 14 days free, no card needed
- $50 of check credit to try ID and business checks
- Every Growth feature included