Documentation
Learn how to use Verifia — the intelligent AML/CTF compliance platform for Australian Tranche 2 businesses.
Welcome to the Verifia documentation. Verifia helps Australian Tranche 2 businesses — real estate, legal, accounting, conveyancers, and precious metals dealers — achieve and maintain AML/CTF compliance ahead of the 1 July 2026 deadline.
What Verifia does
- Risk Assessment — Complete industry-specific ML/TF risk assessments with guided questionnaires covering all four AUSTRAC risk dimensions.
- KYC Workbench — Manage the full customer due diligence lifecycle — identification, verification (DVS), risk assessment, and ongoing reviews.
- UBO Entity Penetration — AI-powered analysis of company and trust structures to identify ultimate beneficial owners through multiple entity layers.
- AML/CTF Program — AI-generated compliance programs tailored to your industry, designated services, and risk profile — with built-in editor, version control, and staff acknowledgment.
- Transaction Monitoring — Configurable monitoring rules for threshold transactions, suspicious activity, and industry-specific patterns (including linked transaction detection for precious metals).
- Reporting — Assisted SMR and TTR drafting with deadline tracking, LPP assessment for legal practitioners, and annual compliance report generation.
- Compliance Vault — Tamper-evident 7-year document retention with cryptographic integrity verification and full audit trails.
- Staff Management — Personnel due diligence tracking, training modules with quizzes, role management, and delegation workflows.
Documentation sections
AML/CTF Compliance Guide
Understand Tranche 2 AML/CTF — what it is, your obligations, AUSTRAC's 3-step framework (Customise, Use, Maintain), CDD tiers, reporting requirements, and personnel obligations.
Industry Guides
Industry-specific compliance guides tailored to your sector's designated services, risk factors, and practical scenarios:
- Real Estate — Dual-party CDD, auction delayed CDD, property developers, property-specific risk factors
- Legal Profession — Legal Professional Privilege (LPP), mixed practice support, trust and company services
- Accounting — Company and trust formation, TCSP obligations, complex multi-layered structures
- Conveyancers — Property transfers, lawyer vs non-lawyer routing, settlement risk factors
- Precious Metals, Stones and Jewellery — $10,000 threshold, linked transaction detection, four regulation scope options
Platform Guide
Learn how to use each Verifia module:
- Onboarding — Register your organisation, select your industry, and complete initial setup
- Risk Assessment — Complete your ML/TF risk assessment across four dimensions
- KYC Workbench — Manage customer due diligence, verification, and UBO analysis
- AML/CTF Program — Generate, customise, publish, and maintain your compliance program
- Transaction Monitoring — Record transactions, configure rules, and manage alerts
- Compliance Vault — Secure document storage, retention management, and integrity verification
- Staff Management — Team roles, personnel due diligence, training, and delegation
- Dashboard — Compliance health score, smart to-do list, and key metrics