Real estate agents face new and ongoing costs – including refusing to do business with customers whose credentials they can’t verify – to meet tough new anti-money laundering and counter-terrorism financing laws when they come into place in 18 months.
New legislation that expands the fight against dirty money to real estate agents, accountants and lawyers will, from March 2026, put these professions on par with banks on other financial services in scrutinising clients and at risk of hefty fines if they don’t.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
