PEXA Clear partners with Simonds, Clarendon Homes and others to provide AML/CTF compliance solutions to property professionals

Melbourne, Australia: PEXA Clear has announced a series of new partnerships with Simonds, Clarendon Homes, One Percent Property, YPM Property, Belle Property Townsville and The Avanti Group, building momentum ahead of impending new AML/CTF compliance obligations for property professionals, which come into effect from 1 July.

A purpose-built solution that draws on PEXA Group’s deep understanding of property transaction processes, PEXA Clear is designed to identify money laundering and terrorism financing risks throughout the property transaction lifecycle, alongside guided next steps on mitigating and/or escalating risk. Through their partnerships with PEXA Clear, property professionals will be well placed to meet their new compliance obligations, benefiting from AML/CTF checks that are consistent and standardised across their offices, and embedded into their existing workflows.

Chris Bodikian, General Manager, New Business and Markets, PEXA Group, said continued engagement with customers has demonstrated the need for a solution that will drive efficiencies and minimise administrative burden.

“At PEXA Clear, we recognise that the new AML/CTF compliance obligations will be significant regulatory change for real estate agents, legal practitioners and conveyancers. We are working closely with our customers to ensure regulatory readiness, empowering them to confidently meet their compliance obligations.”

“Our team will also support property professionals with onboarding and training to strengthen their compliance confidence, enabling them to hit the ground running when their new obligations come into effect this July.”

With a focus on embedding into existing property transaction workflows for greater efficiency, PEXA Clear will also integrate with platforms including Real Time Agent, Actionstep and Mantis Property, enabling customers to leverage the solution by commencing compliance checks without leaving their preferred workflow platform.

PEXA Clear will enable real estate agencies, conveyancers and legal practitioners to adhere to their new compliance obligations under AUSTRAC’s AML/CTF regulations for tranche 2 entities involved in real estate transactions, effective from 1 July 2026. The solution will ensure consistency and repeatability in how outcomes are recorded, while identity verification features will screen and monitor individuals against local and international data sources to detect potential connections to criminal activity.

Monitoring for risk throughout the property transaction, PEXA Clear will continue to review risk assessments based on changes made to supplied information. The solution will also provide actionable guidance on mitigating and/or escalating identified risk, such as what to request, what to document, and when to consider escalation steps including submitting a Suspicious Matter Report (SMR). To minimise administrative burden, PEXA Clear will maintain reporting and audit trails that support with annual and ad-hoc AUSTRAC reporting, and to demonstrate compliance with ease.

Real estate agents, lawyers and conveyancers can submit registrations now on pexaclear.com.au.

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For more information, please contact:

Ange Lewis

Public Relations Manager, PEXA Group

angeline.lewis@pexa.com.au | M: 0410 276 909