July 1, 2026
If you’ve recently obtained a conveyancing quote, you may have noticed that legal and conveyancing fees are higher than they were a few years ago. While rising business costs play a role, one of the biggest reasons for the increase is the growing responsibility placed on conveyancers to meet Anti-Money Laundering (AML) compliance requirements.
These regulations are designed to protect Australia’s property market from financial crime, but they also require significant additional work behind the scenes.
What Is AML Compliance?
Anti-Money Laundering (AML) laws are designed to prevent criminals from using property transactions to disguise illegally obtained funds. Property has long been considered an attractive avenue for money laundering, making the real estate sector a key focus for regulators.
As a result, conveyancers are required to carry out thorough due diligence before and during every transaction to ensure they know exactly who they are acting for and where funds are coming from.
What Additional Work Does This Involve?
Today’s conveyancing process extends well beyond preparing contracts and arranging settlement. AML compliance requires conveyancers to:
* Verify the identity of all clients using approved identification methods.
* Conduct risk assessments for every transaction.
* Understand the source of funds where required.
* Monitor transactions for unusual or suspicious activity.
* Maintain detailed compliance records.
* Complete ongoing training and implement robust compliance systems.
* Report suspicious matters where legally required.
These responsibilities are mandatory and require both time and investment in secure technology, staff training, and regulatory compliance systems.
Why Have Conveyancing Fees Increased?
The increase in conveyancing fees reflects the additional professional obligations involved in every matter. Firms now invest heavily in:
* Secure identity verification platforms.
* Compliance software and risk management systems.
* Staff education and ongoing professional development.
* Enhanced cybersecurity measures.
* Administrative processes to meet evolving legal requirements.
Rather than simply processing paperwork, conveyancers now play an important role in protecting clients and the integrity of Australia’s property market.
How This Benefits You
While no one enjoys paying higher fees, AML compliance provides important protections for buyers and sellers by:
* Reducing the risk of property fraud.
* Protecting your identity and personal information.
* Helping prevent financial crime.
* Ensuring your transaction complies with Australian laws.
* Providing greater confidence that your property transaction is secure.
Choosing Value Over Price
When comparing conveyancing quotes, it’s important to consider more than just the lowest fee. A professional conveyancer provides legal guidance, risk management, compliance expertise, and support throughout one of the largest financial transactions you’ll make.
An experienced conveyancer ensures your matter is handled accurately, complies with current legislation, and progresses as smoothly as possible from contract to settlement.
We’re Here to Help
At MKJ Conveyancing, we believe in transparent pricing and exceptional service. Our fees reflect the professional expertise, compliance obligations, and personalised support required to protect your interests throughout your property transaction.
Whether you’re buying your first home, selling an investment property, or transferring ownership, our experienced team is here to guide you every step of the way.
Contact MKJ Conveyancing today to discuss your property transaction and receive a clear, obligation-free quote.
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