AML/CTF Compliance for Accountants — TPB Today, Tranche 2 Ready
Meet TPB Practice Note 5/2022 today. Be fully Tranche 2-compliant by July 2026. Same platform, same process.
Get started
Stop handling sensitive identity documents manually
Stop handling sensitive identity documents manually
Join 100+ accounting practices already using VerifiMe
Add VerifiMe to Your Practice Management Process or Technology
All options connect to the same verification network. Customers already verified elsewhere can share credentials instantly — a smoother experience for them and faster onboarding for you.
No-Code Widget
Best For
Practices wanting to embed identity verification directly into their existing client onboarding workflow or website
Setup Time
Days
API Integration
Best For
Custom management software for larger operations who want tight integration into Practice Management Software
Setup Time
Developer setup
Manual Invite
Best For
Send the link to your customers as part of your customer execution documentation or prior to meeting
Setup Time
Immediate
Accountants’ Single-Step Solution For TPB and Tranche 2
VerifiMe is Australia's secure identity verification and AML/CTF compliance platform built for accountants and tax agents. Confirm customer identities in minutes, meet AUSTRAC obligations, and onboard customers seamlessly—all with high level security and easy-to-use photo ID and document verification.
Simplify client due diligence — VerifiMe handles identity verification so you don't touch sensitive data
Simplify client due diligence — VerifiMe handles identity verification so you don't touch sensitive data
Meet TPB Practice Note 5/2022 requirements today — customer identification obligations covered
Meet TPB Practice Note 5/2022 requirements today — customer identification obligations covered
Integrate with your existing systems — Xero integration, no-code widget, or API
Be Tranche 2 ready before July 2026 — no second implementation required when AUSTRAC regulations commence
Configurable compliance rules — tailor workflows to your practice's risk appetite
Reduce data handling risk — customer documents stay in their secure wallet, not your systems
Reduce data handling risk — customer documents stay in their secure wallet, not your systems
How It Works
Invite Your Customer to Identify
Send a secure verification link via email, or let customers self-serve through a widget on your website. For practices using Xero, trigger verification directly from your existing workflow
VerifiMe Runs Checks
We verify document authenticity, match biometrics against the ID photo, and check details against government databases in real time. We also screen for adverse media, sanctions lists, PEP status, and potential identity theft — meeting both TPB and Tranche 2 requirements.
Receive Confirmation & Proceed
Once verified, you receive a risk assessment confirmation and your client knows their data has been securely submitted. Move forward with any mitigation strategies as required — with documented evidence for your compliance records.
Get started
Why Accounting Practices Choose VerifiMe
Accountants
Software as a service — no downloads, no lock-in contracts
Software as a service — no downloads, no lock-in contracts
Configurable rules for your practice's compliance requirements
Integrates with Xero, or embed via widget or API
Verify individuals and entities — including SMSFs, trusts, companies, and beneficial owners
Meet TPB obligations now, transition to Tranche 2 without re-implementation
Customers data stays in their wallet — you receive verified attestations, not raw documents
Your Customers
One wallet for all their identities — individual, company, trust, SMSF
Verify once, share with multiple service providers — accountant, lawyer, financial adviser
Full control over who can access their credentials — and one-tap revocation
Free to use and set up
Ready to simplify TPB and Tranche 2 compliance?
Get started
Don’t just take our word for it
“
Using VerifiMe has revolutionised our approach to meeting proof of identity requirements. The platform's efficiency in verifying clients and their agents has significantly streamlined our processes. We limit the need to hold or handle sensitive client personal data, improving our data security and compliance. VerifiMe has truly been a game-changer for our practice.
Daniel Spears
Principal at Dunamis Advisory
“
We found VerifiMe very easy to implement and it allowed us to meet our compliance objectives efficiently and cost effectively.
Sebastian Garufi
Garufi McDonald Chartered Accountant
Frequently Asked Questions
Will the AML/CTF compliance requirements apply to all accountants?
Tranche 2 applies to accounting practices providing "designated services" — which includes most client-facing tax and advisory work. From July 2026, these practices must have an AML/CTF program registered with AUSTRAC.
What will be an accountants AML/CTF obligations under Tranche 2?
From 1 July 2026, accountants will be required to:
- Conduct thorough KYC checks, including identity verification and risk assessments, for all clients.
- Monitor transactions to identify suspicious activities.
- Report any red flags to the relevant authorities as per AML/CTF regulations.
- Keep accurate and secure records of client and transaction data.
If I am meeting TPB Practice Note 5/2022, is that enough to meet AML/CTF compliance?
Not quite. TPB compliance provides an excellent foundation, but AML/CTF compliance adds specific requirements:
- Formal risk classification systems (low/medium/high)
- Beneficial ownership mapping beyond customer representatives
- PEP and sanctions screening
- Source of wealth/funds verification for high-risk customers
- Ongoing transaction monitoring
- Mandatory reporting to AUSTRAC (SMRs and TTRs)
Why do accountants need software to meet their AML/CTF compliance requirements?
Compliance software for accountants helps automate and simplify the process by:
- Conducting real-time identity verification and risk assessments.
- Monitoring transactions for potential AML violations.
- Generating detailed, audit-ready compliance reports.
- Keeping your practice aligned with evolving AML/CTF regulations.
How does VerifiMe® support AML/CTF compliance for accountants and the transition from TPB requirements only?
VerifiMe® provides cutting-edge KYC and AML/CTF solutions designed specifically for accountants of small and medium-sized firms.
VerifiMe automatically maps your AML/CTF program, adds the necessary risk assessments and mitigations, and creates audit-ready documentation, as well as provides assistance with preparing for and fulfilling ongoing reporting obligations.
Read More
Privacy Is Now Part of Your AML/CTF Obligations — What the OAIC's Updated Guidance Means for Your Business
Privacy considerations must be front of mind for every business captured by the tranche 2 AML/CTF reforms.
30 March 2026
Your Clients' Consent Is All You Need. Here's Why That's a Big Deal.
When accounting, legal and real estate practices start exploring how to meet their AML/CTF Tranche 2 identity verification obligations, most assume there's a significant administrative hurdle waiting for them — a government registration process, a formal participation agreement with the Attorney-General's Department, and all the paperwork, waiting periods, and compliance overhead that comes with it.
With VerifiMe, there isn't. And that difference matters more than most practices realise.
16 March 2026
Why VerifiMe's Status as a Government-Approved Gateway Service Provider Matters for Your Practice
VerifiMe is an approved Gateway Service Provider (GSP) to the Australian Government's Document Verification Service (DVS) — listed on the Attorney-General's Department's official approved GSP register as GreenGate FinTech Holdings (VerifiMe).
16 March 2026
See VerifiMe® in Action
Contact us today to see how VerifiMe works
If you are looking for Wallet support, please visit our help centre.
VerifiMe Australia Pty Ltd is a wholly-owned subsidiary of Greengate Fintech Holdings
ACN 664 286 515
ABN 97 664 286 515
VerifiMe Australia Copyright 2026
VerifiMe acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community.
We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.