FEDIXCompliance: KYC, AML & AUSTRAC
Ongoing customer due diligence reviews
Trigger customer due diligence reviews, see their history, and let a daily check bring clients due for review back into the queue.
The problem it solves
Customer due diligence is not a one-off; clients need to be reviewed again over time, and tracking that by hand fails.
How it works
- Start a review for a client, or let the daily check flag clients due for one.
- Complete the review and record the outcome.
- See every past review in the client's history.
What your practice gets
- Ongoing reviews are prompted, not remembered.
- A history of every review.
- Fewer clients slipping past their review date.
Questions accountants ask
How often are clients re-reviewed?
A daily check brings clients due for review back for your attention, based on your settings.
Is the review automatic?
Fedix prompts the review; your team completes and records it.
Does this meet our obligations for us?
No. The AML/CTF obligations belong to your practice as the reporting entity and cannot be transferred to software. Fedix assists; you make and record every risk and reporting decision.
Related features
Features that work alongside ongoing customer due diligence reviews.
Customer risk assessments
Record a risk assessment for each client, with an AI-drafted analysis you can override, and sign-off options including prohibit or needs more information.
VideoSelf-service verification links
Send clients a link so they can complete their identity verification steps themselves, including from a phone.
AML/CTF program builder
Generate your practice's AML/CTF program, keep versions, activate one and designate the compliance officer.
VideoAUSTRAC enrolment information pack
Generate an information pack from your practice data to help you prepare your AUSTRAC enrolment.
Compliance record integrity check
Check that your KYC record history has not been altered since it was written.
Threshold transaction report deadline alerts
Flag threshold transaction reports that have passed their reporting deadline so the compliance officer can act.
See it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.