Anti-Money Laundering & Counter-Terrorism Financing.

Pier Property Group is a reporting entity under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), regulated by AUSTRAC. Every sale, acquisition and transfer we broker runs under a board-approved AML/CTF Program. The Program keeps each transaction transparent, verified and fully documented.

Our commitment

• Dedicated oversight. An AML/CTF Compliance Officer at management level runs our Program and reports directly to the board.
• Verified parties. Every buyer and seller is identified and verified before the transaction proceeds.
• A trained team. Everyone who handles a transaction completes AML/CTF training each year.
• Independent scrutiny. Our Program is reviewed regularly and evaluated independently.

What it means for you

Under the Act, both the buyer and the seller in a transaction are our customers, whichever side we represent. We verify our client when they engage us. We verify the other party once an offer is accepted and contracts are signed. The checks are quick and handled securely, and they're now a legal requirement for every real estate agency in Australia.

What we'll ask for

• Individuals: full name, date of birth, residential address and government-issued photo ID.
• Companies: company details, directors, and the individuals who ultimately own or control the company.
• Trusts and SMSFs: trust details, the trustee, beneficiaries and appointor.
• Representatives: evidence of authority to act, such as a power of attorney or a board resolution.

For some transactions we'll also ask about the source of funds and the purpose of the purchase. All parties are screened against Australian sanctions lists and politically exposed person lists.

Your privacy

Your information is collected only to meet our obligations under the Act. It is stored securely, handled under the Privacy Act 1988 (Cth), and kept for the seven years the law requires.

Questions

Contact our AML/CTF Compliance Officer at juliana.rocha@pierproperty.co