Tranche 2: AML/CTF Compliance Solution For Jewellers
Be Tranche 2 ready if you are a business buying or selling precious metals, stones or products valued $10,000 or greater
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Be confident about who your customers are
Be confident about who your customers are
Stop losing time to repeated processes
Stop losing time to repeated processes
Add VerifiMe to Your Online Booking in Minutes
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
Dealers who want embed identity verification directly into their existing client onboarding workflow or website
Setup Time
Days
API Integration
Best For
Custom management software integration or multi-site operations
Setup Time
Developer setup
Manual Invite
Best For
Walk-in customers or facilities without online intake
Setup Time
Immediate
Jewellers’ Single-Step Solution For Customer Due Diligence
VerifiMe is Australia's secure identity verification and AML/CTF compliance platform built for businesses dealing in precious metals, stones or products. 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.
Stop collecting and storing personally identifiable information
Stop collecting and storing personally identifiable information
Monitor KYC and AML/CTF compliance in real time
Monitor KYC and AML/CTF compliance in real time
Assess customers against your policies to generate clear risk outcomes
Assess customers against your policies to generate clear risk outcomes
Mitigate risks and record customer due diligence with ease
Mitigate risks and record customer due diligence with ease
Tranche 2 ready AML/CTF compliance
Tranche 2 ready AML/CTF compliance
Save time and reduce processing costs
Keep customer data secure
How It Works
Invite Your Customers to Verify
Send a secure verification link via email or through an in-person QR code. Customers can also self-serve through a widget on your website.
VerifiMe Runs Comprehensive 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 AUSTRAC's initial CDD requirements.
Receive Risk Assessment and Proceed
Once verified, you receive a risk assessment confirmation and your customers knows their data has been securely submitted. Move forward with any mitigation strategies as required - with documented evidence for your compliance records.
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Why Jewellers Should Choose VerifiMe®
Jewellers
Simplify the KYC process for your customers
Simplify the KYC process for your customers
Seamlessly integrate with existing systems for a smooth transition
Seamlessly integrate with existing systems for a smooth transition
Eliminate identity fraud and minimise security risks
No lock in contracts or up front payments
Your Customers
A single digital ID wallet to store all legal entity credentials
Retain control over sharing personal data with multiple service providers
Manage wallet credentials - revoke permissions, update expired documents
Free to set up and use
Ready to meet compliance requirements with VerifiMe®?
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Revolutionising KYC/KYB to Achieve Your AML/CTF Objectives
Limit fraud with biometrics and liveness
Significantly reduce the risk of fraud and ensure the safety of your customers. Say goodbye to uncertainty and eliminate the possibility of unauthorised individuals acting on others' accounts.
End to end customer due diligence
Set your rules through our flexible rules engine. Set automated or manual mitigations for risk management. Set up enhanced due diligence or ongoing due diligence to make KYC a perpetual process that matches your AML/CTF program.
A unique shareable solution
Upon completing the verification process, customers are able to secure their wallet and easily share their verified credentials when needed. This innovative method empowers customers by giving them control over their personal and organisational data.
Privacy and security
VerifiMe has been built to the highest security standards to protect our clients. The tokenising of credentials in a shareable wallet eliminates further risk of privacy breaches in terms of sending or exposing personal/organisational information.
Don’t just take our word for it
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Confidence with my AML/CTF Requirements
VerifiMe handles all my AUSTRAC compliance requirements seamlessly. I no longer manually process identity documents or worry about secure storage. Customers verify themselves digitally, and I receive compliant verification records instantly. It's removed the administrative burden completely and gives me confidence I'm meeting my obligations.
Hitesh Bahri, Jiwa Ram Jewellers
Frequently Asked Questions
Will the AML/CTF compliance requirements apply to all jewellers?
AML/CTF obligations in jewellers applies to:
- Businesses that buy or sell precious metals, stones or products valued $10,000 or greater in a single transaction or series of transactions that are linked which is made using physical currency, virtual assets or a combination of physical currency and virtual assets.
What will be the AML/CTF obligations under Tranche 2 for affected jewellers?
You will be required to:
- Conduct thorough KYC checks, including identity verification and risk assessments, for all customers.
- 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 customer and transaction data.
What are the consequences of non-compliance with AML/CTF compliance?
Failure to meet AML/CTF obligations can result in:
- Hefty financial penalties.
- Reputation damage and loss of client trust.
- Potential legal action and suspension of operations.
Why do jewellers need software to meet their AML/CTF compliance requirements?
Compliance software 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 agency aligned with evolving AML/CTF regulations.
How does VerifiMe® support AML/CTF compliance for jewellers?
VerifiMe® provides cutting-edge KYC and AML/CTF solutions. Our platform:
- Verifies client identities quickly and securely using advanced digital tools.
- Limits risk of PII data handling.
- Tracks and manages customer records to ensure ongoing compliance.
- Integrates seamlessly with customer practice management systems to incorporate AML and KYC checks into your daily operations.
VerifiMe®: A Solution for Your Business
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
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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.