Send a message directly to Lee ( Include your details )Australia is one of the last countries in the world to implement anti-money laundering legislation for real estate agents, with new laws requiring compliance by July 2026. Richard Manthel of AMLHUB explains what agents need to know about the $4 trillion global money laundering problem and how the real estate industry will soon play a crucial role in detecting suspicious transactions.• AML (anti-money laundering) legislation for Australian real estate agents passed in November 2024• Agents must have AML plans and procedures in place by March 2026 for July 2026 implementation• Money laundering involves moving illegal funds through assets like property to hide their origins• Real estate is attractive for money laundering because it can move vast sums without detection• Red flags include properties sold significantly under market value or unusual transaction structures• Every agency must appoint an AML compliance officer with attention to detail and process skills• Companies must develop a risk assessment and compliance program specific to their business• AUSTRAC will regulate compliance with potential penalties of $19,000 per day for non-registration• AML applies only to sales (residential and commercial), not property management• Resources available through AMLHUB include training and end-to-end compliance solutionsVisit amlhub.com.au/contact for help with planning and education to meet your AML obligations, or email [email protected] by Lee Woodward Training Systems Brought to you by The Complete Salesperson Course & Super Coaching Program 🎓 The Complete Salesperson Course – Australia’s premier real estate training, delivered nationally throughout the year. Build the skills, systems, and mindset to perform at the highest level. Learn more → 📚 The Super Coaching Program – An exclusive membership providing ongoing coaching, resources, and strategies to support sustained growth in real estate. Join today → Discover more: Next Events Lee's New Book – Claiming Doors Explore Lee Woodward Short Courses The Mat Steinwede Real Estate Success Program

Ver todos los episodios