Trust Account Services

We help professionals comply with their AML regulatory obligations when holding client funds or property.

AML Compliance for Trust Accounts

At AUS AML, we provide comprehensive Anti-Money Laundering (AML) compliance services specifically tailored for real estate brokers and conveyancers. Whether you're brokering property sales or purchases or providing conveyancing services, compliance with AUSTRAC regulations is essential to avoid penalties and maintain trust with your clients.

Our AML compliance service ensures you meet the legal requirements for client due diligence, onboarding, and transaction monitoring, while simplifying your operations. Let us take the stress of compliance off your shoulders, so you can focus on growing your business.

End-to-end AML compliance management

AUSTRAC-aligned compliance frameworks

Dedicated AML compliance expertise

Ongoing monitoring and regulatory reporting

Aus AML provides a tailored managed service for lawyers, accountants, conveyancers, and trust service providers who hold or manage client property or funds in connection with a transaction. From July 1 2026 these designated services will require you to comply with AML/CTF regulations when operating trust accounts or holding client assets.

Our Compliance-as-a-Service model covers your full AML/CTF obligations - from program setup through to regulatory reporting. With a dedicated Anti-Money Laundering Compliance Officer integrated into your service, you get expert advice and oversight of your program without the cost of an in-house hire.

End-to-end AML compliance management
KYC collection and verification of deposit sources
Sanctions, PEP and adverse media screening
Dedicated AMLCO and ongoing monitoring

Client Complexity Examples

Trust account obligations vary significantly depending on the nature of the funds, the number of parties involved, and the complexity of the underlying ownership structures.

SIMPLE

Individual

Individual client deposit for straightforward transaction

Individual Depositor (1)

MODERATE

Settlement

Property settlement funds held in trust with multiple parties

Individual Vendors (2)
Individual Purchasers (2)

COMPLEX

Trust

Trust fund management for family trust

Family Trust (1)
Corporate Trustee (1)
Trustee Directors (2)
Individual Beneficiaries (4)

HIGHLY COMPLEX

Offshore SPV

SPV with corporate owners

intermediate Corporate Owner (1)
Directors (4)
Shareholders (10+)
Foreign Complexities – Documents, Languages and ECDD

SIMPLE

Individual to Individuals

Residential property sale between individual buyers and seller

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Understanding the Risk

Trust accounts and trust arrangements can be attractive to money launderers seeking to move large sums of money through legitimate channels. Criminals may attempt to use third-party payments, complex ownership structures, or high-value deposits to obscure the source of funds. The Tranche 2 legislation requires trust account operators to verify client identities, monitor transactions, and report suspicious activity.

How We Can Help You

From program setup to transaction screening and regulatory reporting, we operate your AML/CTF compliance function end-to-end - no matter how complex the trust structure - so you can focus on managing your clients’ assets.

Program Set Up

Tailored for your size and risk level

Collect KYC Information

Collect KYC information on buyers and sellers for you

Screen Parties

Screen all parties against sanctions, PEPs and adverse media

Risk Assessment

Rate clients and identify any red flags in transactions

Program Assurance

Oversee the program and confirm it is appropriate for managing your risks

AUSTRAC Support

Respond to any follow up questions from AUSTRAC and keep auditable records for you

Sanctions Reporting

Prepare and file the sanctions report if required

SMR Preparation

Prepare any required SMRs for your approval and file it for you

AMLCO Recommendation

Assess the risk of red flags and provide recommendations to you

Ongoing Monitoring

Maintain ongoing monitoring and conduct periodic KYC refresh

All in Pricing Scaled For Your Business

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Trust Account Services

Complete Coverage (CaaS)

ALL 3 COMPONENTS

The full service covering AML/CTF program setup and ongoing oversight of program operations, a dedicated AMLCO to provide advice on decisions, and transaction operations for businesses looking for a complete turnkey compliance solution.

STARTS FROM

$3,000

Per Month

Enquire

Note:

The price assumes an estimate of 240 transactions per year for agents an annual payment plan

Transaction Processing Only

OPERATIONS ONLY

Transaction operations by itself for businesses that already have in-house AML/CTF advisory resources and an existing compliance program for other risk types.

STARTS FROM

$1,400

Per Month

Enquire

Note:

The price assumes an estimate of 240 transactions per year for agents an annual payment plan

Note: Prices assume an estimated 240 transactions per year on an annual payment plan.