Discover how Australia's Tranche 2 AML/CTF reforms impact real estate agents, introducing new compliance requirements to combat financial crime.

AML/CTF Tranche 2 for Real Estate, powered by NameScan, enhances the implementation of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations within the real estate industry. This phase focuses on strengthening due diligence processes, including screening clients and transactions against global sanctions lists. It ensures compliance with regulatory requirements, mitigating risks associated with money laundering and terrorism financing, and safeguarding the industry from financial crime and reputational damage.