True Conveyancers

Completing AML with LiveSign

New Anti-Money Laundering and Counter-Terrorism Financing Laws (AML/CTF) came into effect on 1 July 2026. Under these Laws it is compulsory for all law firms across Australia to complete additional checks on clients when buying or selling property. These checks include, at a minimum, verifying the client’s identity and confirming the source of funds for the transaction.

In the aim of simplifying the process for our clients, MAP Lawyers have partnered with LiveSign pulling our initial compliance steps into a client friendly portal.

THIS PAGE EXPLAINS:

HOW WILL AML/CTF BE COMPLETED THROUGH LIVESIGN

You will receive a link from our partner, Livesign, via text and email.

This link will involve multiple steps:

Sign e-Document – this involves signing our engagement documents electronically
AML Information Request – this involves answering questions & uploading documents
Verify Identity – this involves uploading identity documents & taking a photo of yourself

You cannot complete step 3 until step 2 has been completed.

WHAT YOU WILL NEED TO COMPLETE AML THROUGH LIVESIGN

Access to an iPhone 7 (or higher) or an Android 8 (or higher)

- - How to iPhone: https://support.apple.com/en-au/102647
  - How to Android: https://support.google.com/accounts/answer/3467281?hl=en

Please ensure your location services are active

Your original identity documents

- For an individual:
  - Marriage Certificate/Change of Name Certificate if applicable; and
  - Passport & Driver Licence; or
  - Driver Licence, Medicare Card and Birth Certificate

*Identity documents must be the original documents (i.e. not copies) and must be current (except passports which can be up to 2 years expired)

- For a trust:
  - Trust Deed
  - Identity documents for any individual that has a beneficial interest in the trust (e.g. trustee, beneficiary, appointor or settlor)
- For a company:
  - Company constitution if applicable
  - Identity documents for any individual that has an interest in the company (e.g. director or shareholder)

Details of transaction

- Purchase price
- Lender (if applicable)

KEY INFORMATION YOU WILL NEED TO PROVIDE

Initial tips:

When recording an amount, please do not record any symbols.
Please note that all fields marked with an asterisk (*) must be completed.

Are you Buying a Property?

FINANCE DETAILS

What is the property value?

What this means:

- If there is a signed contract: The purchase price on the contract or, if you are purchasing the property at a discount, the value of the property
- If there is not a signed contract: Your best estimate of the purchase price

How are you paying for it?

- You must answer this question
- Physical currency means notes & coins in cash
- Virtual Assets mean cryptocurrency

Are you Buying or Selling a Property?

ABOUT YOU

Are you acting on behalf of Yourself, A Company, A Trust

What this means:

- What is the name of the purchaser on the contract
- Is it your individual name (e.g. Jane Smith)? –> Yourself
- Is it a company (e.g. ABC Pty Ltd)? –> Company (or Name of Company if already populated)
- Is it a trust (e.g. ABC Pty Ltd as trustee for ABC Trust or Jane Smith as trustee for ABC Trust)? –> Trust (or Name of Company if already populated)

TRUST

About You – The Buyer is a Trust

Are you an authorised Agent?

- What this means: Are you authorised to act on behalf of the Trust?

Are you registered under the AML/CTF Act?

- What this means: Is the trust enrolled with Austrac for the purpose of reporting instances of money laundering or terrorism funding? This is something you would have taken action to complete (it is not automatic).

Where does your authority to Act come from?

- What this means: Example a trust deed.

Trust Details

Business Number?

- What this means: the Trust’s A.B.N.
- If the Trust does not have an A.B.N., then please just record 12345678910

Legal Name?

- What this means: the Name of the Trust (not the trustee)

Nature of Business and Sector

- What this means: What is the purpose of the trust? For example, managing personal assets, social/charitable purpose (e.g. wildlife rescue) or commercial purpose (e.g. self-managed superfund).

Evidence of Powers that Bind/Govern the Trust

- Example: trust deed

What kind of trust?

- What this means: This should be recorded on the trust deed. For Example: discretionary family trust, SMSF Bare Trust.

Other Beneficial Owners

Add an Ultimate Beneficial Owner

- What this means: Add the details of anyone who has at least 25% interest in trust property or income (e.g. trustee, beneficiary). Add details of any settlor or appointor.

COMPANY

About You – The Buyer is a Company

Are you an authorised Agent?

- What this means: Are you authorised to act on behalf of the Company?

Are you registered under the AML/CTF Act?

- What this means: Is the company enrolled with Austrac for the purpose of reporting instances of money laundering or terrorism funding? This is something you would have taken action to complete (it is not automatic).

Where does your authority to Act come from?

- Example: Director, Shareholder, company constitution.

Company Details

Nature of Business and Sector

- What this means: What is the purpose of the company? For example, managing personal assets, social/charitable purpose (e.g. wildlife rescue) or commercial purpose.

Evidence of Powers that Bind/Govern the Company

- Example: A copy of the company constitution

Is the company registered with ASIC or Other Body?

- What this means: If the company has an A.C.N. number, then it is registered with ASIC.

Provide details of registration

- What this means: Please provide the A.C.N number or, if not registered in Australia, confirm the country of incorporation.
- If you are unsure you wish to refer to https://abr.business.gov.au/

VERIFY IDENTITY THROUGH LIVESIGN

Please ensure you have a clear, well-lit surface with minimal glare for taking photos.

Tip: If your VOI screen is loading and not opening the camera, please select back on your device and this will re-load.

Download the LiveSign app
Select ‘Start Verification’
A 6-digit code will be sent to you via text.
Take a photo of your identity document

FREQUENTLY ASKED QUESTIONS

Is the platform secure?

Yes, data is encrypted and securely stored. For further information, please see LiveSign’s privacy policy: https://www.live-sign.com/privacy

Do I need to create an account?

No, you only need to download the app.

My real estate agent also asked for this. Why do I have to complete it twice?

It is a legal requirement for solicitors to also complete this process.

Why do I have to share my location?

This is required for security purposes – it helps detect if someone is trying to steal an identity or is in a location other than the one expected. Your precise location is not shared, just the nearest town.

Further questions:

You can click on the Chat Now function in LiveSign at any time.

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