AUSTRAC reporting entities are required to have an AML/CTF program in place, and you’ll need to make sure all relevant persons for each order have been identified and verified before you submit an order with us. By placing an order, you are confirming that those checks have been completed for the clients and entities involved.

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If you would like us to carry out the ID checks on your behalf, you can log in to your account and go to Contacts > Verifications. Our team will facilitate the verification process through the First AML platform, which allows identity documentation to be uploaded securely for assessment. You’re welcome to use it as needed — it’s there to support you, while your AML/CTF obligations remain yours.

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The service is $16.50 per individual and $82.50 per entity for Companies, Trusts, Partnerships, Unit Trusts, Discretionary Trusts and Self Managed Super Funds, with POA for other entity types. Where an entity is verified, the controlling individuals are verified as part of the process as well.

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