Phase II Anti-money laundering reforms - Business Compliance Impacts [pdf, 495 KB]
...Establishment cost (Year 1) Ongoing costs (per annum) Average cost per client (based on high end cost)6 2. Estimated number of businesses within the Sector7 Estimated number of reporting entities8 low high low high $25.4 m $101.8 m $22.7 m $75.5 m $64.40 2,433 2,223 Real estate agents The sector comprises approximately 15,000 active registered real estate agents of which 871 are companies and 148 sole traders resulting in approximately 1,019 busine...