Anti-Money Laundering (AML) / Counter-Terrorism Financing (CTF)

What is AML/CTF?  

Because real estate involves high‑value assets, cash purchases and complex ownership structures, it can be targeted for criminal activity. AML/CTF laws are designed to prevent money laundering (hiding the origin of illegally obtained funds) and terrorism financing (using transactions to move or store funds that support terrorist activity). 

What is Customer Due Diligence (CDD)?  

From 1 July 2026, Australian legislation requires buyers and sellers to complete a Customer Due Diligence (CDD) process. CDD confirms identity before a property transaction proceeds. It can include verifying identity, identifying who owns or controls an entity (such as a company or trust), and applying extra checks where the customer or transaction is higher risk. 

Why are we requesting this information? 

LJ Hooker offices must meet AML/CTF obligations when handling property sales. We request this information so we can progress your purchase or sale through a clear, compliant process and meet our legal requirements. 

What information may be requested?  

Depending on the transaction and ownership structure, we may ask for information to complete CDD, including:

• Full name, date of birth, occupation and residential address
• Identification details (e.g., driver’s licence)
• Ownership/control information for legal entities (e.g., trusts), including beneficial ownership evidence
• Information about the nature and purpose of the transaction
• Evidence of source of funds and/or wealth

How will this information be used?