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AML/CTF compliance

Risk-based AML verification

For most accounting firms, you do not need to run every available verification for every client. AML/CTF laws require a risk-based approach — perform enough checks to identify the client, understand the risk, and screen for sanctions/PEPs.

  • From AUD $6.68 per individual client
  • Only pay for the checks you run
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Required

Verification types by requirement level: required

Identity Verification

Verify the individual's identity. This is the core KYC requirement.

ASIC Organisation Verification

Confirms the company exists and registration details.

ABR Lookup

Verifies ABN/business details. Free, so there's little reason not to use it.

Multi-level UBO Report

Identifies the Ultimate Beneficial Owners, a key AML requirement.

PEP & Sanctions Screening

One of the most important AML/CTF checks.

Optional

Verification types by requirement level: optional

Watchlist Screening

Usually included with PEP/Sanctions.

DVS Verification

Helps verify Australian identity documents with government records.

Biometric Verification

Improves fraud prevention but isn’t legally required in most cases.

Liveness Check

Used to prevent spoofing during online identity verification.

eKYC Verification

Depends on provider. Often this includes identity, DVS and document verification.

Not usually required

Verification types by requirement level: not usually required

VEVO Check

Verify the individual's identity. This is the core KYC requirement.

International Document Check

Needed only for overseas identity documents.

Pass Rate Booster

Provider feature, not an AML requirement.

PEP Media Screening

Helpful for enhanced due diligence but not required for every client.

Standard low-risk verification

Individual client: AUD $6.68 per client

  • Identity Verification — $5.00
  • DVS Verification (if Australian ID) — $1.02
  • PEP & Sanctions Screening — $0.66
  • = AUD $6.68 per client
go.lodgeit.net.au

Company tax return 2026

Harbour Coffee Pty Ltd

ATO prefill applied
Total business income$1,482,390
Cost of sales$612,004
Depreciation expenses$48,210
Taxable income$322,117
0 errors · 2 hints from tax professionals

Entity and UBO verification

Company Client

  • COST BREAKDOWN
  • ASIC Verification — $26.25
  • DVS Verification — $57.00
  • Multi-level UBO Report — $5.00
  • PEP/Sanctions (per person) — $0.66
go.lodgeit.net.au

Profit & loss · FY2026

SPFR
Revenue$1,482,390
Expenses$1,160,273
Net profit$322,117

Recommended default AML module

Risk-based verification workflow

Recommended Default AML Module

  1. 01

    Individual

    Unlimited users. DVS (if Australian ID). PEP & Sanctions Screening.

  2. 02

    Company

    ASIC Verification. ABR Lookup. UBO Report.

  3. 03

    Company people checks

    Identity Verification for each beneficial owner/director. PEP & Sanctions Screening for each beneficial owner/director.

  4. 04

    Escalate only when needed

    Everything else can be treated as optional or triggered by a high-risk assessment.

Note

Everything else can be treated as optional or triggered by a high-risk assessment. That approach is typically sufficient for standard, low-risk accounting clients while still allowing firms to add enhanced due diligence when circumstances warrant it.

Verify your clients for less

Pay only for the checks you run. No platform fees.

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