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Massive fines await real estate professionals in breach of new money laundering laws

Hefty fines and penalties may be applied to a broad cross-section of real estate professionals who fail to adhere to new anti-money laundering laws that will take effect next year.

Anti money laundering (AML) graphic
Real estate professionals have a year and a half to get up to speed with new anti money laundering (AML) laws or risk paying the price. (Image source: Shutterstock.com)

The Federal Government must launch education services for real estate agents and other property professionals if it wants compliance with its new anti-money laundering laws, says the Real Estate Institute of Australia. 

Real estate agents and other property industry professionals will face potentially massive fines from 1 July 2026 if they fail to comply with the new laws, passed late last year. 

In late November — 18 years after the initial la…

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