No exceptions. Conveyancers, buyers agents, and property solicitors are now regulated like banks — enrol with AUSTRAC, KYC every client, hold 7-year records, and be audit-ready. Identity Vault by Veruslink is the one place your clients verify once — and every professional in every deal relies on it legally, forever.
Enrol. KYC every client. Keep 7-year records. Be audit-ready. Face multi-million dollar penalties and potential jail time if you're not. Tranche 2 brings real estate agents, conveyancers, buyers agents, and property solicitors into the AML/CTF regime for the first time. The law gives no credit for being unprepared.
Every conveyancer and buyers agent must have a documented, risk-based AML/CTF compliance program in place by July 1. Not started. Not templated. Done, tested, and audit-ready. Most haven't begun.
Passports emailed. Licences in WhatsApp threads. Medicare cards in shared drives. Every one of those documents is your liability. A single data breach under the new regime is a notifiable incident with teeth.
Enrolment opened 31 March 2026. You have 28 days from when you start providing a designated service to enrol. If you're already practising, that window may already be running. The clock doesn't pause.
Banks have had AML compliance since 2006. You haven't. Identity Vault was designed for the professionals entering the regime for the first time — with 82 days to get it right.
Every file you touch after July 1 must have bank-grade KYC behind it. Identity Vault gives your clients one secure ID wallet and gives you seven years of AUSTRAC-ready evidence — without turning your practice into a compliance department.
With tens of thousands of REAs in Australia suddenly captured by the regime, this is the profession feeling the most pressure. Every buyer and seller you work with from July 1 requires compliant KYC. Identity Vault means one link, one upload, done — for every client, every deal.
You've just been dragged into the AML regime with the same penalties as the big end of town. Identity Vault plugs you into an AUSTRAC-aligned KYC wallet so every client you sign is verified once — and safely relied on for every deal.
The Law Society is warning you about Tranche 2. Identity Vault gives you the missing piece — a single KYC source of truth your whole matter team can rely on, mapped straight to AUSTRAC's CDD and record-keeping rules.
One tap from your dashboard or CRM. Your client receives a branded Identity Vault invitation — no app to download, no account to create. Works on any phone.
A simple mobile flow captures their documents with real-time quality checks. Licence, passport, Medicare — whatever combination reaches 100 points. One time. Done.
Identity verified. PEP and sanctions screened. CDD record created with risk rating, verification method, and full timestamp. The record is retained for 7 years — held by us, not your office.
Their solicitor, buyers agent, lender, or real estate agent sends an access request. The client approves with one tap. A compliant audit pack is delivered. The client never uploads again — for this deal or any future one.
Sarah Chen
Identity Vault · Created todayYou keep the client relationship and the professional standing. We give you bank-grade KYC records, a 7-year audit trail, and the comfort of not being the test case AUSTRAC makes an example of in 2027.
No more email threads requesting passport photos. No more following up clients who forgot to send their Medicare card. One link. They do it themselves. You get a notification when it's done.
Your Dropbox folders, email archives, and shared drives full of sensitive documents are a liability you're carrying for seven years. Identity Vault holds the records, making your 7-year obligation straightforward to discharge. Your office stops being a target.
When your clients tell their buyers agent "my conveyancer set up Identity Vault — you can just request access," you become the most organised professional in every deal. That's a referral, not a review.
Every client verification generates a complete CDD record aligned with AUSTRAC requirements — name, DOB, address, document type, verification method, risk rating, and timestamp. Ready for any audit.
We hold the records, making your obligation straightforward to discharge. No Dropbox folders. No email archives. No manual filing systems. You remain the reporting entity — we give you everything you need to prove compliance the moment AUSTRAC asks.
Every verification runs automated politically exposed person and sanctions checks. Risk ratings are calculated and stored with the record. Enhanced due diligence flags are raised automatically.
Every founding partner receives a templated AML/CTF program document, CDD procedures, and a record-keeping map — drafted to AUSTRAC's requirements, ready to drop into your practice from day one.
Every professional who requests and receives access to a client's record is logged — who, when, and on what legal basis. Your trail is clean. Always.
When a client or transaction flags a risk, Identity Vault surfaces the flag clearly in your dashboard. You make the report to AUSTRAC — that statutory obligation always stays with you as the reporting entity. We make sure you see it, understand it, and have the evidence ready to act.
AUSTRAC has been explicit: this is an implementation window, not a grace period. Firms that wait until the deadline will be under significant pressure. Programs need to be built, tested, staff-trained, and audit-ready — not completed on June 30. The entities AUSTRAC makes examples of in 2027 will be the ones who treated compliance as optional until it was too late.
Non-compliance: Up to $2.22M per breach for businesses. Up to 10 years imprisonment for individuals. Practising certificate suspension. Permanent reputational damage.
"I was genuinely overwhelmed by the compliance requirements. What I need is the program documentation, the client process, and the record keeping in one place — not three different systems stitched together with hope."
"My clients are already verified by their conveyancer by the time they come to me. What I want is to just request access — no chasing, no re-uploading, no awkward emails. That's the product that needs to exist."
"Our firm does both legal work and conveyancing — AUSTRAC requires two separate risk assessments. What I need is one client record that satisfies both. That's hours of compliance work I'm not doing twice."
The first 20 conveyancers, buyers agents, and property solicitors who join get founding partner pricing locked for life, direct input into the product, and a compliance setup we build with them personally.
5 spots taken. 15 remaining.
No commitment. No credit card. We'll reach out personally within one business day to walk you through everything.