AUSTRAC Tranche 2 · Buyers Agents & Buyer's Advocates

AML Software for Buyers Agents & Buyer's Advocates

Purpose-built AML/CTF compliance for Australian buyers agents. Complete AUSTRAC enrolment, CDD, sanctions screening and SMR workflows — all in one platform. Onboard a buyer in minutes, not days.

From $59/mo + GST Data hosted in Australia Works on iPad & mobile AUSTRAC-aligned
AUSTRAC-aligned DFAT sanctions screening AWS Sydney hosting Bank-grade encryption
Why buyers agents need AML software

From 1 July 2026, every Australian buyers agent is a reporting entity

Under the amended AML/CTF Act 2006 and AUSTRAC Tranche 2 reforms, buyers agents and buyer's advocates who assist clients to buy real property are providing a designated service. From 1 July 2026, you must enrol with AUSTRAC, run a written AML/CTF program, verify every client, screen against the DFAT sanctions list, lodge suspicious matter reports, and keep records for 7 years.

Doing this manually means juggling identity documents, sanctions lists, risk assessments, and audit records across spreadsheets and emails. AML software for buyers agents — like AMLTranche — brings all of it into one AUSTRAC-aligned platform, so a full CDD pack takes around 15 minutes instead of half a day.

AUSTRAC for buyers agents

What AUSTRAC requires of buyers agents & buyer's advocates

Six obligations apply to every Australian buyers agent from 1 July 2026. AMLTranche delivers the systems you need to meet each one — sourced directly from the AML/CTF Act and AUSTRAC core guidance.

1Enrol with AUSTRAC

Register as a reporting entity through AUSTRAC Online. Enrolment opens 31 March 2026; deadline 29 July 2026.

2Maintain an AML/CTF program

A written, risk-based AML/CTF program covering your ML/TF risk assessment, policies, procedures and controls.

3Customer due diligence

Verify each buyer's identity and assess their risk before you start acting for them, per AUSTRAC's CDD guidance.

4Sanctions & PEP screening

Screen every client against the DFAT Consolidated List and PEP databases — and re-screen on list updates.

5Suspicious matter reports

Lodge an SMR with AUSTRAC within 3 business days (24 hours for terrorism financing). Never tip off the client.

67-year record keeping

Retain CDD records, screening results and compliance documents for 7 years in an audit-ready, tamper-proof format.

Not sure if you're in scope? Check the AUSTRAC eligibility tool, or read our full AML obligations guide for buyers agents.

The AML app for buyers agents

Built for on-site CDD — at the inspection, at the auction, in the car

Buyers agents don't sit in an office — and your AML software shouldn't either. AMLTranche is a web-based AML app that works on any device. Capture a client's ID and run full AUSTRAC-aligned CDD from your iPad at an open home, or from your phone after a signed buyers agency agreement.

Biometric ID verification

Selfie + document capture on any device. Matches driver licence, passport or Medicare via secure Australian IDV providers.

DFAT sanctions & PEP screening

Every buyer is automatically checked against the DFAT Consolidated List and PEP databases — and re-screened when lists update.

Auto-generated AML/CTF program

Answer a short questionnaire and the platform produces your written AML/CTF program and ML/TF risk assessment, tailored to a buyers agency.

Enhanced CDD for foreign buyers

Workflows for source of funds, source of wealth, country risk and foreign PEP status — aligned with the AUSTRAC ECDD rules.

Auction & exchange delayed CDD

AUSTRAC permits delayed CDD for certain real estate services. The platform tracks the timer and chases outstanding checks so nothing slips past deadline.

SMR workflow with tipping-off controls

Structured intake and reviewer role-split so tipping off is prevented by design. Lodge SMRs inside AUSTRAC's 3-business-day window (24 hours for TF).

Trust & company onboarding

Verify SMSFs, discretionary trusts, unit trusts and Pty Ltd entities — including beneficial owners at 25%+ per AUSTRAC rules.

7-year tamper-proof audit log

Every CDD action is signed and time-stamped. Data stored in AWS Sydney with bank-grade encryption — ready for AUSTRAC examination.

Why buyers agents choose AMLTranche

AUSTRAC-aligned, built in Australia, priced for solo practitioners and small agencies

Purpose-built for property, not repurposed KYC

Workflows mirror real acquisitions — buyers agency agreements, auction purchases, off-market offers, foreign buyer ECDD.

Up and running in under an hour

Answer a short questionnaire and your AML/CTF program plus risk assessment are generated, ready for review.

Data stays in Australia

All data hosted in AWS Sydney (ap-southeast-2). 256-bit encryption, tamper-proof audit log, 7-year retention built-in.

Scales from solo to multi-agent agency

Solo plan for single-operator buyers agents; Growth and Scale plans for agencies with multiple buyers advocates.

Transparent pricing, no onboarding fees

From $59/mo + GST. No feature gating. Annual plans save 17%.

Reliance-ready

AUSTRAC allows reporting entities to rely on each other's CDD. Export verified CDD packs to the conveyancer or solicitor on the same file.

Pricing for buyers agents

Plans that match how a buyers agency actually works

Every plan includes AUSTRAC enrolment support, AML/CTF program generation, DFAT sanctions screening, PEP screening, and 7-year audit trails. Annual billing saves 17%.

Solo
$59/mo
+ GST · Monthly

Single-operator buyers agents. 1 seat, 5 IDV verifications/mo included.

Growth · Popular
$149/mo
+ GST · Monthly

Growing buyers agencies. 5 seats, 20 IDV verifications/mo included.

Scale
$299/mo
+ GST · Monthly

Large agencies & reporting groups. 15 seats, 50 IDV verifications/mo.

See full pricing & annual plans
FAQs — AML for buyers agents

Questions buyers agents ask about AML software & AUSTRAC

What is the best AML software for buyers agents in Australia?+
AMLTranche is purpose-built AML software for buyers agents and buyer's advocates covering every AUSTRAC Tranche 2 obligation — enrolment support, AML/CTF program generation, customer due diligence, DFAT sanctions and PEP screening, suspicious matter reporting, and 7-year audit trails. Unlike generic KYC tools, the workflows are designed around how buyers agencies actually engage clients, including auction delayed CDD and foreign buyer ECDD.
Is there an AML app buyers agents can use at open homes and auctions?+
Yes. AMLTranche is a web-based AML app that runs on any device — iPad, phone or laptop. Capture biometric identity verification on-site, record source of funds, and run sanctions screening without needing the client to come into the office. The platform supports the AUSTRAC-permitted delayed CDD timeframes for auction and exchange purchases, so the timer doesn't catch you out.
Do buyers agents really need to enrol with AUSTRAC?+
Yes. Under the AML/CTF Act 2006 as amended by the Tranche 2 reforms, a buyers agent or buyer's advocate assisting a client to buy real property is providing a designated service and is a reporting entity. Enrolment opens 31 March 2026 via AUSTRAC Online, and the enrolment deadline is 29 July 2026. Compliance obligations begin 1 July 2026.
How does AUSTRAC work for buyers agents day-to-day?+
Practically: before you begin searching for property on behalf of a client, you must verify their identity (CDD), assess their ML/TF risk, and screen them against sanctions and PEP lists. You maintain records of every step for 7 years. If a red flag arises — unexplained cash, evasive source-of-funds answers, pressure to move fast — you must lodge a suspicious matter report (SMR) with AUSTRAC within 3 business days, without tipping off the client.
How much does AML software cost for a solo buyers agent?+
AMLTranche starts at $59/month + GST on the Solo plan for single-operator buyers agents. This includes 1 seat, 5 identity verifications per month, AML/CTF program generation, sanctions screening, and the full 7-year audit trail. Annual billing saves 17%. Growth ($149/mo) and Scale ($299/mo) plans cover agencies with multiple buyers advocates.
Can I use AMLTranche for foreign buyer Enhanced CDD?+
Yes. Foreign buyers typically require Enhanced Customer Due Diligence (ECDD) under the AML/CTF Rules. AMLTranche supports source-of-funds and source-of-wealth documentation, foreign PEP screening, and country risk assessment — all consistent with AUSTRAC ECDD guidance. Foreign PEPs are automatically flagged as high risk.
Can a buyer's advocate rely on a conveyancer's CDD?+
The AML/CTF Act allows one reporting entity to rely on another's CDD in certain circumstances. In practice, that means a buyer's advocate and the conveyancer handling the same client's transaction may not each need to perform duplicate CDD — but reliance is conditional, and you must still obtain the CDD information, be satisfied it was done properly, and keep your own records. For specific advice, refer to AUSTRAC guidance or a qualified adviser.
What happens if a buyers agent doesn't comply with AUSTRAC?+
Non-compliance with the AML/CTF Act can result in significant civil penalties for the agency and responsible individuals, and criminal offences for tipping off a client about an SMR. Professional licensing bodies may take separate action. AUSTRAC has signalled an education-first approach for businesses making genuine efforts to comply in the first year — but no leniency for those making no attempt.

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Be AUSTRAC-ready before 1 July 2026

Purpose-built AML software for Australian buyers agents & buyer's advocates. Plans from $59/mo. Up and running in under an hour.

More for buyers agents

Further reading — AML for buyers agents & advocates