Our Approach to Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF)

April 2, 2026

By Melly Shute


From 1 July 2026, changes to Australia’s Anti-Money Laundering and Counter-Terrorism Financing laws mean that law firms are required to complete additional identity and risk assessment checks before providing certain services. These reforms are designed to protect the financial system and prevent misuse by criminal organisations.

If your matter involves a “designated service,” such as a property transaction or certain business or trust arrangements, we are legally required to verify your identity, understand the nature and purpose of the matter, assess any associated risks, and maintain proper records.

 

Depending on your circumstances, you may be asked to provide photo identification, proof of address, documents relating to companies, trusts or SMSFs, and information regarding ownership or source of funds.

 

Our process is designed to be simple, secure, and efficient. Once we commence engagement, you may receive a request via our trusted verification platform to provide the required information. Most clients complete this process quickly, allowing us to proceed without delay.

 

We take privacy and data security very seriously. Your information is used solely for compliance and onboarding purposes and is handled in accordance with Australian privacy laws and our professional obligations. We utilise secure third-party technology to verify identity and do not retain copies of your identification documents.

 

We will continue to update this page as further guidance becomes available. 

Share This Blog

Before You Sign: Why a Contract Review Could Be the Most Important Legal Advice You Receive

October 29, 2026
Buying property in Victoria? The contract tells you far more than the purchase price and settlement date. At MLS LEGAL, we believe knowing exactly what you are buying is one of the most important parts of protecting your investment. Buying a home is exciting. Whether it is your first apartment, a family home or an investment property, it is easy to become caught up in the inspections, negotiations and excitement of securing the property. But before you sign a Contract of Sale, there is one important step we always recommend: have a property lawyer review the contract and Section 32 Vendor Statement. 

Your First Home: From Open Inspection to Settlement

September 10, 2026
Melbourne property lawyer Melly Shute explains what first home buyers can expect, what to look out for and who you want on your side. Buying your first home is a strange experience. One minute you’re scrolling property listings from the couch. The next, you’re standing in a crowded kitchen at an open for inspection, mentally arranging your furniture while an agent casually mentions there’s “quite a bit of interest”. Then someone sends you a 70 page contract. Welcome to buying property. For first home buyers, it can feel like everyone else knows something you don’t. Agents talk about settlement dates. Brokers want documents. Lawyers start talking about Section 32s and special conditions. Your parents have opinions. Your group chat has even more.