- Real estate agencies
- Buyers agent
Protect your Business with Industry-Leading Tranche 2 Compliance
Our solution embeds risk assessment, CDD, monitoring, and reporting into operational workflows that delivers fast, accurate AML compliance and keeps your deals moving with minimal disruption.
- End-to-end Compliance
- Continuous Austrac alignment
- Built to enable quick transactions
AUSTRAC enrolment is now open don’t wait until too late
What the law requires and how we handle it
Enrol with AUSTRAC
Register as a reporting entity before providing designated services.
NEXTGEN AML SOLUTION
- Confirms which of your services are designated
- Step-by-step AUSTRAC enrolment guidance
- Advisory team support through the full registration process
Build Your AML/CTF Program
Develop and maintain risk-based compliance program policies, procedures, controls, staff responsibilities.
NEXTGEN AML SOLUTION
- Real estate-specific AML/CTF program builder
- Risk assessment calibrated to agency type and transaction profile
- Compliance-led program drafting with ongoing AUSTRAC updates
Verify Buyers, Sellers & Related Parties
Conduct identity checks on buyers, sellers, and relevant parties before and during each property transaction
NEXTGEN AML SOLUTION
- Biometric ID verification & document checks
- ABN/ACN lookup & beneficial owner mapping
- PEP/sanctions screening with case history retention
Ongoing Monitoring & Record-Keeping
Monitor active client relationships and maintain secure records for a minimum of seven years.
NEXTGEN AML SOLUTION
- Continuous monitoring with automated risk change alerts
- Re-screening on customer or watchlist changes
- Secure seven-year record storage exportable anytime for audit
Report Suspicious Matters
Detect and report unusual or suspicious activity to AUSTRAC.
NEXTGEN AML SOLUTION
- Suspicious activity flags surfaced inside each case
- AUSTRAC-ready SMR draft outputs for Compliance Officer review
- Submission date, reference & status logged for audits
Train Your Staff
All staff must understand AML obligations, how to identify red flags, and how to escalate concerns.
NEXTGEN AML SOLUTION
- On-demand training modules built for each real estate agency staff
- Quizzes, scenario walkthroughs, and completion certificates
- Staff training records with on-demand AUSTRAC evidence
Why Real Estate Agencies Choose NextGen AML
Built for Real Estate. Not adapted for it.
Most AML tools are built for banks and financial institutions, then stretched to cover real estate. NextGen AML has been designed from the ground up for Tranche 2 sectors so every workflow, every screen, and every feature reflects how agencies actually operate.
Buyer Change Workflow
We handle mid-transaction buyer changes.
Most AML tools assume one buyer per property. NextGen AML is built around the reality that buyers may change, a fresh KYC case is created in seconds and the original is closed cleanly with full history preserved.
No In-House Compliance Officer needs to be hired
Your principal can run a compliant AML program.
Guided workflows and step-by-step advisory services mean your agency can meet every AUSTRAC obligation without hiring a dedicated compliance professional.
Compliance That Fits Your Flow
CDD done before contracts are exchanged, not after.
Secure client links, one-session verification, and automated screening mean identity checks are completed early in the transaction.
Audit-Ready Without Extra Work
Every action logged. Every decision is defensible.
NextGen AML builds your audit trail automatically. Case timelines, timestamped decisions, and exportable records mean you are always ready for an AUSTRAC review without preparing for it separately.
Included In Every Plan
Everything you need to get started,
in one place.
No matter which plan you choose, NextGen AML gives you the core tools to move forward with confidence. From onboarding and customer screening to risk assessment, ongoing monitoring, reporting and dedicated support. It is designed to help businesses get ready without adding unnecessary complexity.
Real Estate FAQ
Common questions from Real Estate agencies.
STILL NOT SURE?
Why has Real Estate sector been included in AUSTRAC Tranche 2
Real estate is the sector AUSTRAC has flagged as one of the highest priority in Tranche 2 enforcement. Property transactions are consistently used to move and legitimise illicit funds, through complex ownership structures, rapid resales, and inflated valuations.
Do property managers also need to comply?
If your property management services include handling rental funds, bond payments, or other designated transactions, you may be captured under Tranche 2. Speak to our compliance team to confirm your scope.
What happens when a buyer changes mid-transaction?
Each new buyer requires a fresh KYC check.With NextGen AML, you close the original case cleanly and open a new one for the incoming buyer in seconds with full transaction history preserved against the property record.
Can I rely on a solicitor's or conveyancer's identity checks?
Yes. Reliance arrangements are permitted under Tranche 2. One reporting entity can rely on CDD completed by another. NextGen AML supports this with shareable case records and a full evidence trail.
Do I need to re-verify existing clients?
Where you continue providing designated services, AUSTRAC expects CDD to be applied. NextGenAML’s re-verification workflows let you work through existing clients at re-engagement points without disrupting active transactions.