What's this AML stuff and why does it affect me?

Starting from 1st July 2026, the scope of the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Act was broadened to cover professional services, such as conveyancers.

This means that when purchasing or selling property or land, your identity must be verified and checks must be completed before we can accept you as a client. These checks are mandatory for all settlement agents and real estate agents, regardless of whether you are buying or selling as an individual, a company, or a trust.

The good news is Neo Settlements uses an online platform called easyAML to make this process as quick and simple as possible. When you ask us to do your settlement, we will send you the link to easyAML which will take you step by step through the process of identifying yourself and providing all the necessary details.

For more details on easyAML see this 1-pager.

If you need help verifying your identity more details are available in this How-to-guide.