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A partnership between First National and an AML software company will prepare the network for upcoming AML/CTF changes, helping agents to crack down on suspicious customer activity.
First National has partnered with regulatory technology provider First AML to support members ahead of upcoming anti-money laundering and counter-terrorism financing (AML/CTF) changes.
From 1 July 2026, financial crime compliance obligations will apply to companies that conduct services related to the sale, purchase, and transfer of real estate.
As part of tranche 2 reforms, real estate professionals must develop an AML/CTF compliance program that includes reporting suspicious activity to prevent money laundering.
Following research into various compliance models and providers in the field, First National said it chose First AML for its proven track record in AML/CTF solutions.
The network said First AML provided ISO 27001-certified security standards and enabled seamless verification of both individuals and corporate entities during real estate transactions.
First National Real Estate CEO, David Edwards, said the company was committed to leadership and proactive compliance across the sector, ensuring every office could meet the regulatory changes with confidence.
“First AML stood out for its focus on security, scalability and support,” he said.
“We are confident this partnership will minimise disruption while ensuring our members stay ahead of the legislative curve.”
The onboarding process has already begun, with the network’s principals and administrators preparing for compliance, including risk assessments, verification procedures, and staff training.
First AML CEO, Milan Cooper, said the company was committed to helping First National agents carry out their responsibilities ahead of the AML/CTF changes.
“With our purpose-built platform and experience across multiple regulated sectors, we’re ready to help every First National member meet their obligations efficiently and effectively,” Cooper said.
The announcement followed First National's expansion in Sydney with the launch of a new office in Hurstville earlier this month.
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