PEXA Group introduces AML/CTF compliance solution: PEXA Clear

PEXA Clear is designed to identify and report money laundering and terrorism financing risks throughout the property transaction lifecycle, including:

• Identity verification: Completed using selfies and government issued IDs
• Know Your Business (KYB) and Know Your Customer (KYC) checks
• Screenings to detect potential connections to criminal activity: Politically Exposed Persons (PEP), Sanction and Adverse Media Checks to screen and monitor individuals against local and international data sources
• An assessment of overall risk levels in a transaction with justification: PEXA Clear will continue to review risk assessments based on changes made to supplied information
• Actionable guidance on mitigating and/or escalating identified risk: PEXA Clear guides you through actions such as what to request, what to document, and when to consider escalation steps including submitting a Suspicious Matter Report (SMR)
• Reporting and audit trails: To support with annual and ad-hoc AUSTRAC reporting, and to demonstrate compliance with ease.

Developed in partnership with global identity, fraud and compliance platform FrankieOne, PEXA Clear will allow real estate agencies, conveyancers and legal practitioners to prepare for and adhere to new obligations under AUSTRAC’s AML/CTF regulations for Tranche 2 entities, effective from 1 July 2026. The solution will ensure consistency and repeatability in how outcomes are recorded, while embedding compliance processes into existing property transaction workflows.

Amelia Howell, Head of Customer Growth and Solutions, PEXA Clear, said PEXA Group is well positioned to support the industry with its compliance obligations through its unique perspective of the property transaction lifecycle.

“For over a decade, PEXA Group has been at the heart of the property settlement journey in Australia, continually innovating to enhance its benefits to the industry and the nation’s economy. The Group has a comprehensive view of not just the complexities, but also the touchpoints for risk in a property transaction. PEXA Clear is a result of this insight, designed to identify and report money laundering and terrorism financing risks throughout the transaction process.”

“Purpose-built for the Australian property industry, PEXA Clear is underpinned by the same trusted data security standards customers expect from wider PEXA Group solutions. With PEXA Clear, we’re empowering practitioners and real estate professionals to meet their compliance obligations efficiently, consistently and with confidence,” Ms. Howell said.

“PEXA Clear represents a significant step forward for the property industry, and we are excited to be working with PEXA Group to deliver a world-class AML and identity solution,” said Simon Costello, CEO of FrankieOne.

“By combining FrankieOne’s best-of-breed identity, KYB and risk orchestration capabilities with PEXA Clear’s deep understanding of property workflows, we are enabling businesses and individuals to be verified in a highly automated, seamless way. This reduces friction for designated service providers, while ensuring strong, consistent compliance outcomes as Tranche 2 obligations come into effect.”

PEXA Clear and its training and education partner, the Real Estate Institute of Queensland (REIQ), will jointly support upskilling for real estate agents. PEXA Clear will also provide similar training support to conveyancers and legal practitioners, strengthening their understanding of their AML/CTF obligations, and enhancing how they embed AML checks into everyday practice.

Registrations for PEXA Clear open in March 2026. Customers can register their interest now on pexaclear.com.au

– Ends –

For more information, please contact:
Ange Lewis
Public Relations Manager, PEXA Group
angeline.lewis@pexa.com.au | M: 0410 276 909