Australia's leading AML compliance solution for Tranche 2 entities.
From 1 July 2026, conveyancers will be subject to AML/CTF obligations. As professionals at the heart of property transactions, conveyancers play a crucial gatekeeper role in preventing money laundering through real estate.
AML Shield provides practical compliance solutions designed for the conveyancing industry, helping you protect your business while meeting regulatory requirements.
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Conveyancers will generally need an AML/CTF program when they provide captured conveyancing services under Tranche 2 from 1 July 2026. The program should cover CDD, beneficial ownership, source-of-funds awareness, red flags, escalation, staff training, and record keeping. AML Shield provides a platform for managing those steps.
Conveyancing is a professional-services designated service, but AUSTRAC separates the starter-kit pathway by practice type: non-lawyer conveyancing practices use the conveyancing starter kit, while legal practices operating under practising certificates use the legal profession starter kit, which can be adapted for mixed legal and conveyancing work. The issue is explained in the dual-program problem for law firms doing conveyancing.
Conveyancers should complete required initial CDD before providing the designated service unless a delayed CDD setting applies, then finish delayed checks as soon as reasonably practicable. That means verifying relevant clients and beneficial owners, understanding source-of-funds indicators, checking whether third parties control the transaction, and recording red flags or escalation decisions before settlement. AML Shield training helps staff recognise suspicious patterns in property files.
Conveyancers can use AUSTRAC starter kits without document chaos by converting the complete starter-kit package into repeatable digital workflows for client onboarding, risk ratings, escalation, training, program maintenance, and record retention. The conveyancing starter kit is designed for small practices that meet its suitability criteria, so practices outside those settings need to adapt the program. AML Shield keeps these workflows and evidence together, and pricing is structured for practical Tranche 2 adoption.
AML Shield helps conveyancing businesses implement starter-kit aligned AML processes for property files, including CDD, beneficial-owner capture, red-flag escalation, staff training records, and seven-year audit trails. To assess fit for your practice, contact AML Shield.
Contact us to get started on your conveyancing compliance program.
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A 12-page PDF from Nathan Lynch.