From 1 July 2026, lawyers, accountants, real-estate agents, conveyancers and dealers in precious metals must verify customer identity.
Key concepts
What's changing
New regulated services
Property, entity formation, asset transfers.
ID checks become standard
We'll ask for government ID before starting work.
Source of funds
For larger transactions we may ask where money comes from.
It's not personal
Every customer is asked the same questions. The information is held confidentially and only shared with AUSTRAC if legally required.