AUSTRAC-Ready KYC/AML Compliance. Powered by AI.
Australia's Tranche 2 AML/CTF reforms take effect 1 July 2026. Get your practice compliant in minutes, not months.
Manual KYC is slow, expensive, and risky
Most accounting practices still rely on spreadsheets and manual processes for client due diligence. That is about to change.
Hours per client
Manual form-filling, chasing documents, and cross-referencing lists eat up hours for every single client onboarding.
Sanctions & PEP lists
DFAT sanctions lists and PEP databases change constantly. Manual checks are error-prone and hard to evidence.
7-year retention burden
AUSTRAC requires you to store KYC records for 7 years. Spreadsheets and filing cabinets are not compliant.
$33M penalty risk
Civil penalties for non-compliance with AML/CTF obligations can reach up to $33 million per contravention.
Everything you need for AML/CTF compliance
Six integrated modules that cover the full compliance lifecycle -- from onboarding to ongoing monitoring.
AI Risk Assessment
GPT-powered risk scoring analyses client type, industry, geography, and transaction patterns. Plain-English explanations you can review and approve.
DFAT Sanctions Screening
Real-time screening against the DFAT Consolidated Sanctions List. Automatic re-screening on list updates with instant alerts.
PEP Screening
AI-powered detection of Politically Exposed Persons across Australian and international databases, with relationship mapping.
Document Verification
Automated document checklists per client type (individual, company, trust, SMSF). Track collection status and expiry dates.
Compliance Dashboard
Practice-wide overview of compliance status, overdue assessments, upcoming renewals, and risk distribution at a glance.
7-Year Record Retention
AUSTRAC-compliant automated record keeping. Every assessment, screening result, and decision is securely stored and audit-ready.
Compliant in four simple steps
Connect your clients
Sync your client list from Xero, import from CSV, or add manually. Existing client data is automatically mapped.
AI analyses each client
Automated risk scoring, DFAT sanctions screening, PEP detection, adverse media search, and document requirements -- all in seconds.
Review and approve
You remain in control. Review AI findings, add notes, request additional documents, and make the final compliance decision.
Stay compliant
Ongoing monitoring with alerts for sanctions list changes, expiring assessments, and new high-risk indicators. Set it and forget it.
$5 per KYC verification. No monthly fees.
Pay only for what you use. No minimums. No lock-in. First 10 verifications free.
What's included at $5
- AI-powered risk assessment
- DFAT sanctions screening
- PEP screening
- Adverse media search
- Document workflow & checklist
- 7-year AUSTRAC-compliant retention
How we compare
| Provider | Monthly Fee | Per Check | Sanctions | PEP | AI Risk | Doc Workflow | Retention |
|---|---|---|---|---|---|---|---|
| FedixBest value | Free | $5 | 7 years | ||||
| ClearAML | $149/mo | $5 + $5 | Manual | ||||
| FirmCheck | Varies | ~$15 | 7 years |
AUSTRAC Tranche 2 compliance timeline
Know what is required and when. Start preparing now to avoid last-minute scrambles.
AML/CTF program required
All reporting entities (including accountants) must have an AML/CTF program in place. Customer due diligence required for all new clients.
Retrospective CDD -- high risk
Customer due diligence must be completed on all existing high-risk clients.
CDD on ALL existing clients
Customer due diligence must be completed on all remaining existing clients, regardless of risk level.
The cost of inaction
AUSTRAC has significantly increased penalties under Tranche 2. These are not theoretical -- AUSTRAC has enforced penalties against Westpac ($1.3B) and Crown ($450M) in recent years.
Failure to have AML/CTF program
Failure to report suspicious matters
Tipping off about an SMR
Failure to retain records
Do not wait. Get compliant now.
Frequently asked questions
Get your practice AUSTRAC-ready today
Join the accounting practices preparing now -- not scrambling in June 2026. First 10 verifications free.