Features

This page describes the key features and modules of the Verifia AML/CTF compliance platform.

Core modules

1. Dynamic Risk Assessment Engine

• Industry-specific questionnaires tailored for real estate, legal, accounting, TCSP, and precious metals.
• Four risk dimensions: Customer Risk, Service/Product Risk, Delivery Channel Risk, Geographic Risk.
• Weighted scoring algorithm based on AUSTRAC guidelines producing High / Medium / Low ratings.
• Risk heatmap visualisation with trend comparison across assessments.
• PDF report generation for record-keeping with automatic vault archiving.
• Manual override capability with mandatory audit trail.

2. KYC Workbench

• Customer profile management for individuals, companies, trusts, and partnerships.
• 11-state case lifecycle from draft to active, with sanctions blocking and auto-approval.
• Designated service registration linking CDD obligations to specific service types.
• Identity verification with eKYC integration (FrankieOne / Trulioo).
• Global sanctions and PEP screening with behavioural differentiation.
• Customer risk rating engine with event-driven recalculation.

3. UBO Entity Penetration

• ASIC direct connect for company information lookup via ACN/ABN.
• Multi-layer ownership penetration with recursive shareholder analysis.
• AI trust deed parsing using multi-agent architecture (DocParser, EntityExtractor, OwnershipCalculator).
• Interactive UBO graph visualisation with node types and ownership percentages.
• Confidence scoring with mandatory human review below 80%.

4. AML/CTF Program Generator

• AI-powered draft generation based on risk assessment results and industry context.
• Clause library with compliance-expert-reviewed templates.
• Rich text editor for compliance officer review and customisation.
• Version control with diff comparison and change tracking.
• Read confirmation workflow for staff acknowledgment.

5. Transaction Monitoring & Reporting

• Manual and bulk transaction entry with CSV/Excel import.
• Configurable rule engine for TTR, smurfing detection, and custom rules.
• Alert management workbench with priority-based triage.
• TTR/SMR report assistance with automated evidence gathering.
• Tipping-off protection with automatic confidentiality controls.

6. Compliance Vault

• Automatic document archiving from all compliance activities.
• 7-year retention management with expiry reminders.
• Immutable audit trail with chain-hashing integrity verification.
• Advanced search by document type, date, customer, and transaction.

7. Staff Compliance Management

• Employee due diligence records and background checks.
• Training course management with role-based content.
• Online quizzes with pass/fail tracking.
• Training cycle management with automatic renewal reminders.

Multi-agent AI architecture

Verifia uses specialised AI agents for complex document processing:

All AI operations enforce data sovereignty — PII-containing requests are routed through Australian-region LLM endpoints.

Security & compliance

• Field-level encryption for all PII data (AES-256-GCM envelope encryption).
• Multi-tenant isolation with row-level security.
• Append-only audit logs with chain-hash integrity verification.
• CSRF protection on all mutation endpoints.
• Session management with automatic expiry and concurrent session limits.