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Raine & Horne has selected First AML as its anti-money laundering (AML) compliance partner, ahead of upcoming changes that will impose new obligations on real estate professionals in July 2026.
Raine & Horne has announced a new partnership with regulatory technology provider First AML, which will integrate its anti-money laundering compliance (AML) solutions across the network’s nationwide offices.
The announcement followed the release of the Second Exposure Draft of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) rules, which will shape the new Tranche 2 compliance obligations that will take effect for real estate agents from 1 July 2026 onwards.
Under the new rules, real estate professionals will have to manage risk assessments, maintain robust recordkeeping, and carry out identity checks on buyers and sellers while reporting any risks to regulatory bodies.
The partnership will allow Raine & Horne agents to access the First AML’s integrated platform, including resources from Alpha AML Training and One AML that provide the technology, training, and advice around AML compliance.
CEO of Raine & Horne, Chris Nicholl, said the partnership with First AML would enable the agency to ensure that its real estate services meet the new AML-related obligations.
“The First AML partnership gives our offices a market-leading compliance platform, and the strategic alliance First AML has with Alpha AML Training and One AML creates a genuine one-stop-shop solution that makes transitioning to Tranche 2 as straightforward as possible for our network,” Nicholl said.
First AML CEO, Milan Cooper, said the company’s platform will enable Raine & Horne agents to efficiently and effectively manage all AML compliance tasks next year.
“We are proud to support such an iconic Australian brand as it strengthens its compliance posture under Tranche 2,” Cooper said.
The announcement follows the recent partnership between the Real Estate Institute of Australia and First AML, aimed at helping the peak body’s members meet Tranche 2 obligations.
The final AML/CTF rules are set to be published in August of this year, leading up to the release of Industry Specific Guidance - Small Business Starter Kits later in December, and the implementation of AML/CTF obligations for real estate professionals on 1 July 2026.
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