06/07/2026
Why is your lawyer suddenly asking where your money came from?
No...
It's not because you've done anything wrong.
And no...
You're not under investigation.
From 1 July 2026, Australian law changed.
Law firms across Australia are now required to ask more questions before providing certain legal services.
So, if you're:
- Buying or selling property
- Buying or selling a business
- Setting up a trust or company
- Administering an estate
- Completing a significant commercial transaction
..don't be surprised if your lawyer asks you to:
✔ Verify your identity
✔ Explain where your purchase funds came from
✔ Provide information about your company or trust
✔ Confirm who ultimately owns or controls an entity
✔ Answer a few additional questions about your transaction
Here's the important thing...
These questions aren't about suspecting honest people.
They are about protecting Australia's financial system from money laundering, organised crime and fraud. They now apply to law firms across the country.
Think back to when banks first started asking everyone for photo identification.
At the time it felt unusual.
Today it's completely normal.
These new legal requirements are likely to become exactly the same.
At Ramsden Lawyers, we are committed to making the process simple, transparent and as seamless as possible.
To help our clients understand these changes, click the link below to read our latest article explaining:
- Why the law has changed
- Why lawyers now ask more questions
- What "Source of Funds" actually means
- What information you may need to provide
- How your information is protected
https://ramsdenlaw.com.au/why-is-my-lawyer-asking-so-many-questions-a-practical-guide-to-australias-new-anti-money-laundering-laws/
If you're likely to buy property, sell a business, establish a trust, or engage a lawyer in the future, it's well worth a quick read.
If you have any further questions, please do not hesitate to contact our office.
New AML/CTF laws mean Australian law firms must verify client identity & funds source. Learn what to expect when engaging Ramsden Lawyers.