From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing obligations apply to certain services provided by settlement agents and conveyancers.

For clients buying, selling or transferring property in Western Australia, this may mean some additional identification checks and questions as part of your settlement.

At Classic Conveyancing, we aim to make this process as simple and straightforward as possible.

Depending on your transaction, we may ask for:

• identification documents;
• information confirming your right to deal with the property;
• details about a company, trust or other ownership structure;
• information about where purchase funds are coming from;
• details of third-party or overseas funds; and
• supporting documents where further verification is required.

Not every client will require the same level of information.

These checks form part of Australia’s AML/CTF laws, which are designed to help protect the property industry from being misused for money laundering and other financial crime.

If we ask for additional information, it does not necessarily mean there is an issue with your transaction. It simply means we need enough information to meet our regulatory obligations.

Providing requested information early can help avoid unnecessary delays.