AML by Keylaw

AML compliance built into the property process.

Real estate agents, conveyancers and lawyers involved in property transactions are required to comply with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) obligations.

Keylaw’s AML service is fully integrated into the conveyancing process, allowing agencies to rely on the information collected and verified by a trusted legal partner they’re already working with.

Benefits of Keylaw’s Reliance Program

✅  No additional administration for agencies

✅  Clients pay directly for their verification

✅  Reduced duplication across the transaction

✅  AML Risk Assessment Reports available within minutes

✅  Reports remain valid for 12 months

✅  A simpler experience for both agents and clients

How it Works

For Buyers

When a buyer engages Keylaw to act on their purchase, AML checks will be completed as part of our onboarding process and an AML Risk Assessment Report will be prepared and sent to the agent automatically. 

When the agent relies on the AML Risk Assessment Report  to satisfy their initial AML obligations, that will constitute the acceptance of the reliance arrangement with Keylaw –  there is no need for the agent to sign a physical or digital agreement.

The cost for our AML service for buyers is $75 per person or entity (including GST)

For Sellers

The law requires AML obligations to be addressed by real estate agents when the agency agreement is signed.

To support this requirement, an AML service will be initiated at the same time a disclosure statement is ordered. The agent will accept the Reliance Arrangement when they rely on the AML Risk Assessment Report to meet their initial AML obligations.

The cost of our AML service for sellers is included in the cost of our seller disclosure preparation.

Information for Agencies

Under the AML/CTF laws, agencies must keep their own records of their decision to rely on Keylaw, including;

  • Why reliance was considered appropriate;
  • Any additional checks conducted by the Agency;
  • Any risk assessment or customer risk rating applied by the Agency;
  • Periodic reviews of the Arrangement;
  • Any senior manager approval required for the Arrangement.

The Q&A below has been prepared to assist agencies in assessing Keylaw’s AML compliance framework and documenting the basis on which they have determined that reliance on Keylaw is appropriate for their business. We recommend downloading it in PDF form and retaining a copy in your AML compliance records, along with a copy of our Reliance Arrangement. 

AML by Keylaw – Q&A for Agencies

Keylaw has been operating for more than 10 years and has assisted clients through more than 200,000 property transactions across Queensland, Victoria and the Northern Territory.

Yes. Unlike many AML providers entering the market from financial services backgrounds, Keylaw is a property law firm. Real estate transactions are the core of our business, and our AML platform has been designed specifically around the practical realities of property transactions.

No.

Yes. Our system has been developed specifically to ensure Keylaw complies with our AML/CTF obligations and to enable the real estate industry to take advantage of our strict AML compliance through an AML reliance arrangement.

Yes. Our system has been built specifically to comply with the AML/CTF obligations under the Tranche 2 reforms commencing on 1 July 2026

Yes. Our systems are strong and scalable, and designed and managed by our in-house technology team.

Yes. The platform has been designed with a focus on simplicity, and minimising duplication of effort and cost.

Our data is stored in Australia.

Unlike many technology providers, Keylaw develops and maintains its systems internally rather than relying on multiple third-party software providers. Systems are designed, managed and regularly tested by Keylaw’s in-house development team, providing direct oversight of data security.

As a law firm, we are bound by strict obligations to store data securely for seven years.

Only legal staff who have undertaken AML training can access AML data.

Our office hours are 9:00am to 5:00pm, Monday to Friday.

Training and demos from our dedicated AML compliance team are available on request. Email aml@keylaw.com.au.

Yes. Our dedicated team can be contacted at aml@keylaw.com.au.

Keylaw clients will pay an AML check fee of $75.00 per person or entity.

Your agency will not be charged for any Keylaw AML risk assessment report.

There is no contract lock in, and charges are applied on a user-by-user basis.

No.

There is no need for any integration. For Buyers, you will receive a copy of the Keylaw AML risk assessment report automatically. For Sellers, simply request an Keylaw AML risk assessment report at the time of ordering a Disclosure.

There is no setup other than entering into an AML reliance arrangement with Keylaw.

Yes. As a law firm operating within the property industry, Keylaw actively monitors legislative and regulatory developments affecting real estate transactions and AML/CTF compliance. Updates to our system are informed by ongoing legal and compliance oversight, helping ensure the platform remains aligned with current requirements.

Our system has been developed by a multidisciplinary team that combines property lawyers, compliance professionals and technology specialists. This ensures the platform is built around both the legal requirements of the AML/CTF regime and the practical realities of real estate transactions.

We will supply required information to auditors on request.