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AML compliance conveyancers Australia 2026

AML Compliance for Conveyancers: What Changes on 1 July 2026

Conveyancers sit directly inside transaction execution, which makes the deadline especially important for smaller practices.

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Are you affected?

If your practice conducts conveyancing, manages settlement steps, or handles transaction-related customer verification, you should prepare for AML/CTF obligations before 1 July 2026.

Your obligations

  1. Enrol with AUSTRAC now that enrolment is open
  2. Build an AML/CTF program tailored to your services
  3. Implement customer due diligence procedures
  4. Train staff on red flags and process
  5. Maintain records and reporting readiness
Swift Settlements Licensed Conveyancers · ABN 77 654 321 098 · Adelaide SA AML/CTF Risk Assessment — Prepared by Assemble Compliance ASSEMBLE ML/TF RISK ASSESSMENT — BUYER: ANGELA RUSSO — SS-2026-0331 SECTION 1 — TRANSACTION DETAILS CLIENT NAME Angela Russo PROPERTY 18 Elm Street, Norwood SA 5067 PRICE $780,000 TRANSACTION TYPE Standard residential purchase — first home buyer, bank-funded mortgage SECTION 2 — ML/TF RISK FACTOR ASSESSMENT RISK FACTOR ASSESSMENT RISK RATING Customer type Australian individual, first home buyer LOW Service/product type Standard residential conveyancing LOW Delivery channel In-person meeting + phone/email LOW Foreign jurisdiction No foreign links, all domestic LOW PEP / Sanctions status Not a PEP. No sanctions match. LOW Transaction value $780K — standard residential range MEDIUM Source of funds Bank mortgage (ANZ pre-approval) + $80K savings LOW OVERALL ML/TF RISK RATING: LOW Standard CDD applies SECTION 3 — ASSESSOR NOTES Standard transaction. Bank-funded. No elevated risk indicators. Standard CDD sufficient. Assessed by: Priya Sharma, Principal Date: 12 May 2026 SAMPLE by Assemble Compliance — assemblecompliance.com.au
Sample conveyancing risk assessment preview for a standard residential matter.

In scope

  • Residential conveyancing transactions
  • Commercial conveyancing matters
  • Settlement coordination and transaction workflows
  • Customer due diligence for buyers and sellers
  • Procedures for source-of-funds risk review
  • Staff training tied to transaction red flags

Out of scope

  • General clerical support only
  • Work unrelated to property transfer
  • Standalone legal advice from external counsel
  • Administrative tasks without designated services
  • Marketing support
  • Non-transactional office services

The risk of waiting

Waiting compresses everything: scope assessment, drafting, review, training, enrolment admin, and implementation. That is how firms end up rushing the most important part.

How we help

We package the work into a fixed-scope build so your team is not trying to interpret guidance, draft procedures, and pressure-test scope at the same time.

Do conveyancers need an AML program?

Conveyancers are one of the professions most clearly impacted by Tranche 2 and should plan on needing a formal program.

What is the AML deadline for conveyancers?

The compliance deadline is 1 July 2026, and AUSTRAC enrolment opened on 31 March 2026.

Can a small conveyancing practice use a simple template?

Small practices still need a tailored program matched to their services, clients, and risk profile.

Primary action

Build My Compliance Program

Start with the short form. We review the details, check likely scope, and respond personally with the right next step for your conveyancers firm.

What happens after you submit?

  1. We review your firm, services, and likely AML/CTF scope.
  2. We identify the fastest path to a compliant program and likely package fit.
  3. You get a personal reply from Assemble Compliance with next steps.

No obligation. No hard sell. We review your firm first and reply personally.


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