Customer Due Diligence
Automate identity verification and customer onboarding.
Software
AML Software. Automate Your Compliance
AML software solutions for Australian businesses. Automate customer due diligence, screening, and compliance with AUSTRAC requirements.
Why use AML software?
AML software helps businesses automate compliance processes to meet AUSTRAC obligations efficiently. From customer due diligence to screening and reporting, the right solution can significantly reduce your compliance burden.
AUSTRAC expects businesses to have appropriate systems and controls to identify, mitigate and manage ML/TF risks.
Key AML software features
PEP & Sanctions Screening
Screen against watchlists and sanction lists.
Beneficial Ownership
Identify and verify ultimate beneficial owners.
Risk Assessment
Assess and document ML/TF risk for each customer.
Frequently asked questions
What is AML software?
AML software automates compliance processes like customer due diligence, screening, transaction monitoring, and reporting to help businesses meet their AUSTRAC obligations.
Do I need AML software?
While not mandatory, AML software helps businesses efficiently meet their obligations. AUSTRAC expects risk-based systems and controls appropriate to your business size.
What should AML software include?
Key features include identity verification, PEP and sanctions screening, beneficial ownership identification, risk scoring, and audit trail documentation.
Related resources
ARCaml — CDD as a Service
ARCaml handles customer due diligence so you can focus on your business.