New legislation is expanding anti-money laundering regulations to include professionals within the real estate and financial sectors. Previously exempt, real estate agents, lawyers, and accountants are now legally obligated to report any transactions suspected of involving illicit funds. This marks the first time these professions face such requirements, aiming to increase transparency in property transactions. The move intends to disrupt the practice of laundering money through real estate investments. Authorities hope the broadened reporting net will help identify and prevent financial crime. The new laws are expected to significantly impact how property is bought and sold, increasing due diligence requirements. These changes align with international efforts to combat financial crime and terrorism financing.