--- title: How are repeat clients (e.g. property flippers, developers) handled - redo KYC for every property sale or settlement? description: No, within the 2-year validity window the same individual's KYC can be reused for new transactions; PEP. --- [Skip to content](https://knowledge.easyaml.com/repeat-clients-redo-kyc#main-content) English - Australia Show submenu for translations Open main navigation Close main navigation - English - Australia Show submenu for translations How can we help you? - There are no suggestions because the search field is empty. 1. [easyAML Help Centre](https://knowledge.easyaml.com/?hsLang=en-au) 2. [FAQs](https://knowledge.easyaml.com/faqs?hsLang=en-au) 3. [General](https://knowledge.easyaml.com/faqs?hsLang=en-au#general) # How are repeat clients (e.g. property flippers, developers) handled - redo KYC for every property sale or settlement? ## No, within the 2-year validity window the same individual's KYC can be reused for new transactions; PEP. This aligns with the property settlement **2-year ARNECC validity period**, the same individual's KYC can be reused for new transactions without redoing the identity verification step. This is the right outcome under AUSTRAC's risk-based approach - the underlying identity hasn't changed. What still has to happen on each new engagement: - **PEP, sanctions and adverse-media re-screening** runs automatically against the existing customer name. PEP and sanctions lists change daily; the re-screen catches any new hits since the last engagement. easyAML does this at no extra charge. - **Risk re-assessment** for the new transaction. Even with the same customer, transaction-level inputs differ (counterparty, jurisdiction, value, purpose). The risk score is recalculated for the new matter. - **ASIC change monitoring** for company’s. If a director, shareholder or beneficial owner has changed since the last engagement, the platform flags the structural change before the new transaction can complete. - **Transaction recording** in the platform - every new matter gets its own transaction record even where the customer is repeated, so the audit trail stays clean. When a **fresh KYC is required** for a repeat client: - The 2-year validity has lapsed (or is about to lapse before the next transaction completes). - The customer's risk rating has materially changed (e.g. new PEP hit, jurisdictional change). - Identity details have changed (legal name change, new ID document). - You form a suspicion that the identity may not be reliable any more. See AUSTRAC's [Overview of customer due diligence](https://www.austrac.gov.au/industry-and-business/obligations-and-guidance/your-amlctf-program/customer-due-diligence/overview-customer-due-diligence). ### Related articles - [How does CDD work for an off-the-plan purchase where settlement is years away?](https://knowledge.easyaml.com/off-the-plan-cdd?hsLang=en-au) - [Does the platform automatically determine the customer's risk rating?](https://knowledge.easyaml.com/automatically-determining-the-customers-risk-rating?hsLang=en-au) - [How are PEP/sanctions matches handled when a common name returns many hits?](https://knowledge.easyaml.com/how-are-pep-sanctions-matches-handled-when-a-common-name-returns-many-hits?hsLang=en-au) - [Are periodic reviews after settlement relevant for conveyancers?](https://knowledge.easyaml.com/are-periodic-reviews-after-settlement-relevant-for-conveyancers?hsLang=en-au) - [For a buyer's agent with 50 recurring clients, do they need a fresh KYC each purchase?](https://knowledge.easyaml.com/buyers-agent-recurring-clients?hsLang=en-au) - [easyAML Set-up Checklist](https://knowledge.easyaml.com/easyaml-set-up-checklist?hsLang=en-au) - [Training Videos](https://knowledge.easyaml.com/training-videos?hsLang=en-au#main-content) - [Register for Upcoming Webinars](https://knowledge.easyaml.com/training-videos?hsLang=en-au#register-for-upcoming-webinars) - [Previously Recorded Webinars](https://knowledge.easyaml.com/training-videos?hsLang=en-au#previously-recorded-webinars) - [FAQs](https://knowledge.easyaml.com/faqs?hsLang=en-au#main-content) - [General](https://knowledge.easyaml.com/faqs?hsLang=en-au#general) - [AML/CTF basics](https://knowledge.easyaml.com/faqs?hsLang=en-au#aml-ctf-basics) - [Getting started](https://knowledge.easyaml.com/faqs?hsLang=en-au#getting-started) - [Compliance Program](https://knowledge.easyaml.com/faqs?hsLang=en-au#compliance-program) - [Customer Due Diligence (CDD)](https://knowledge.easyaml.com/faqs?hsLang=en-au#customer-due-diligence-cdd) - [Training](https://knowledge.easyaml.com/faqs?hsLang=en-au#training) - [Reporting](https://knowledge.easyaml.com/faqs?hsLang=en-au#reporting) - [Sector Coverage](https://knowledge.easyaml.com/faqs?hsLang=en-au#sector-coverage) - [Pricing & Plans](https://knowledge.easyaml.com/faqs?hsLang=en-au#pricing-plans) - [Sales & Onboarding](https://knowledge.easyaml.com/faqs?hsLang=en-au#sales-onboarding) - [Trusts & Complex Structures](https://knowledge.easyaml.com/faqs?hsLang=en-au#trusts-complex-structures) - [Reliance & KYC Sharing](https://knowledge.easyaml.com/faqs?hsLang=en-au#reliance-kyc-sharing) - [ACMA SMS Sender ID Register](https://knowledge.easyaml.com/faqs?hsLang=en-au#acma-sms-sender-id-register) - [Quick Answers](https://knowledge.easyaml.com/faqs?hsLang=en-au#quick-answers) - [How-to Guides](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#main-content) - [Tasks](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#tasks) - [Transactions](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#transactions) - [Entities](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#entities) - [Insights](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#insights) - [Training](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#training) - [Compliance](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#compliance) - [Reports](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#reports) - [Account Settings](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#account-settings) - [Billing & Plans](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#billing-plans) - [KYC Information](https://knowledge.easyaml.com/kyc-information?hsLang=en-au#main-content) - [Client Resources](https://knowledge.easyaml.com/kyc-information?hsLang=en-au#client-resources) - [Person being verified](https://knowledge.easyaml.com/kyc-information?hsLang=en-au#person-being-verified) - [Glossary](https://knowledge.easyaml.com/glossary?hsLang=en-au) - [Integrations](https://knowledge.easyaml.com/integrations?hsLang=en-au#main-content) - [General](https://knowledge.easyaml.com/integrations?hsLang=en-au#general) - [Action Step](https://knowledge.easyaml.com/integrations?hsLang=en-au#action-step) - [Clio](https://knowledge.easyaml.com/integrations?hsLang=en-au#clio) - [XPM](https://knowledge.easyaml.com/integrations?hsLang=en-au#xpm) - [Scantek](https://knowledge.easyaml.com/integrations?hsLang=en-au#scantek) - [News Feed](https://knowledge.easyaml.com/news-feed?hsLang=en-au#main-content) - [Latest Release Notes](https://knowledge.easyaml.com/news-feed?hsLang=en-au#latest-release-notes) - [Support](https://knowledge.easyaml.com/support?hsLang=en-au) [![easyAML-Logo\_Magenta](https://knowledge.easyaml.com/hs-fs/hubfs/easyAML-Logo_Magenta.png?width=200&height=47&name=easyAML-Logo_Magenta.png "easyAML-Logo_Magenta")](https://easyaml.com/) Copyright © 2026, easyAML