AML compliance for property developers

Tranche 2 now brings many businesses selling property into Australia’s AML/CTF regime. That includes developers selling lots, dwellings, house-and-land packages and off-the-plan property directly to buyers. If you've been asking: are property developers covered by anti-money laundering laws? The answer is yes, where designated services are being provided.

Those obligations include verifying buyers, assessing risk, understanding the source of funds, retaining records and reporting suspicious matters where required.

Developers selling directly without an independent agent provide a designated service in their own right. Depending on your business structure, multiple project entities or SPVs may each have their own reporting obligations, making early planning and developer AUSTRAC enrolment an important consideration.

Learn About Tranche 2 Obligations

Read the FAQ below 

Meeting your AML/CTF obligations starts with understanding what AUSTRAC expects from your business. PEXA Clear helps support every stage of the compliance process while keeping a documented record for every sale.

Enrol with AUSTRAC - Register as a reporting entity before providing designated services.

Implement an AML/CTF program — Document policies, procedures and controls approved by an appropriate senior manager.

Verify your buyers — Confirm the identity of every purchaser, including the individuals behind company and trust buyers.

Assess source of funds — Understand where purchase funds originate, particularly for high-value transactions and cash purchases.

Screen for risk — Check buyers against sanctions, politically exposed persons (PEP) and adverse-media lists, recording the outcome of every assessment.

See how it works

 

Today

PEXA Clear enables developers to meet every current Tranche 2 obligation by completing a compliant AML assessment for each buyer. From selling a single dwelling to an entire staged release, every purchaser can be assessed through a consistent, documented process.

on the Roadmap

Bulk, multi-lot AML workflows are currently in active development. As these capabilities are released, PEXA Clear customers will be able to access them without moving to a new platform.

Why it Matters

You don’t need to wait for future functionality to become compliant. PEXA Clear helps you meet today’s obligations with a platform purpose-built for Australian property, while giving your business a clear path to greater efficiency as new capabilities become available.

For Real Estate Agents & Buyers’ Agents

Stay compliant without slowing down transactions. PEXA Clear helps manage identity verification, risk assessments and reporting in one connected workflow.

For Lawyers & Conveyancers

Protect every matter with audit-ready AML/CTF compliance designed specifically for Australian property transactions.

For Property Developers

Manage property developer Tranche 2 obligations confidently with a solution purpose-built for development sales and Australian AML/CTF requirements.

PEXA Clear uses simple per-transaction pricing, so your compliance costs grow with your sales activity, not a fixed monthly subscription.

• Per-transaction pricing — pay only as lots or properties are sold.
• No lock-in contracts or set-up fees — get started without long-term commitments.
• No subscription overhead between project stages, releases or quieter sales periods

Book a demo

See pricing

See why property developers choose PEXA Clear

See how PEXA Clear brings identity verification, risk assessment, ongoing monitoring and reporting together in one simple workflow.  

Deep property expertise 

PEXA underpins most Australian property settlements, bringing unmatched property expertise to AML compliance.

Designed for Australian obligations

PEXA Clear is purpose-built around Australia’s Tranche 2 reforms and local regulatory requirements—not adapted from an overseas platform.

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PEXA combines deep property expertise with FrankieOne’s specialist identity verification, AML and fraud technology to deliver accurate, transaction-wide risk assessments.

Built around an industry-wide standard

PEXA Clear supports a consistent approach to AML compliance across the Australian property industry, helping developers work alongside lawyers, conveyancers and agents using the same compliance model.

PEXA Clear has been designed to complement the way development businesses already sell property. It works alongside your existing sales, contract administration and settlement processes without requiring you to replace your
current systems.

Fits your existing workflow 

Continue using your preferred sales and CRM platforms while introducing a consistent AML process across every transaction.

Looking ahead

PEXA Exchange integration is on the product roadmap. While it’s not available today, PEXA Clear already delivers a complete AML workflow that can be implemented without disrupting active projects or sales campaigns.

Supported by PEXA

Your implementation is backed by the PEXA Group, with onboarding guidance, local support and enterprise-grade security designed for Australian property professionals.