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AUSTRAC compliant

Entity verification for Australian businesses

Verify companies, trusts, and SMSFs instantly. AUSTRAC-compliant entity verification (KYB) with automatic beneficial owner detection. From $35 per entity. No signup. No subscription.

AUSTRAC KYB compliantNo monthly subscriptionBank-grade securityInstant entity lookup

Tranche 2 deadline: July 1, 2026

All Tranche 2 businesses must verify client entities from this date. Non-compliance penalties up to $27 million.

What is entity verification?

Entity verification (also called KYB - Know Your Business) is the process of verifying a business entity's identity and ownership structure under Australia's AML/CTF Act 2006. It's required for all Tranche 2 businesses when onboarding corporate clients or facilitating transactions involving companies, trusts, or other entities.

Entity verification involves three key steps:

  • Entity identification: Verifying the entity exists through ASIC, ABR, or other official registries
  • Beneficial owner detection: Identifying all individuals with 25%+ ownership or control (UBOs)
  • UBO verification: Completing full KYC verification on each beneficial owner (ID + biometric + AML screening)

The result is an AUSTRAC-compliant CDD report that proves you've completed due diligence on the entity and its beneficial owners.

Entity types we verify

AUSTRAC-compliant verification for all Australian business structures

Companies

Proprietary and public companies registered with ASIC. Includes Pty Ltd structures and public companies.

Trusts

Family trusts, discretionary trusts, unit trusts, and other trust structures with identified trustees and beneficiaries.

SMSFs

Self-managed super funds verified through the ATO SMSF register. Includes trustee and member identification.

Partnerships

Business partnerships and joint ventures. Verification includes all partners with 25%+ ownership or control.

How entity verification works

Complete entity and beneficial owner verification in 3 steps

STEP 01

Enter entity details

Provide the entity name and ACN/ABN. We instantly look up the entity in ASIC and ABR registries and identify all beneficial owners (25%+ ownership).

STEP 02

Select UBOs to verify

Review the detected beneficial owners. Select which ones to verify (AUSTRAC requires all UBOs). We send each person a verification link via email or SMS.

STEP 03

Receive CDD report

Each UBO completes ID verification (2 mins). You receive entity KYB report + individual CDD reports for each verified UBO. All AUSTRAC-compliant.

Entity verification pricing

Pay per entity and per beneficial owner. No subscription required.

Most Common

Entity KYB

$35

AUD · GST incl.

Per company, trust, or SMSF

ASIC/ABR registry verification
Automatic UBO detection
Corporate structure analysis
Entity AML screening
No monthly subscription

Beneficial Owner

$15

AUD · GST incl.

Per person (after entity verification)

Full KYC verification
ID + selfie + liveness
Individual AML screening
Separate CDD report
No monthly subscription

Example Cost

$65

AUD · GST incl.

Company + 2 directors

$35 entity verification
+ $15 × 2 beneficial owners
= $65 total
All AUSTRAC-compliant
No monthly subscription

Client-pays option available

Your client pays the entity verification and UBO costs. You pay $0. Perfect for passing compliance costs to clients.

See full pricing comparison

Entity verification FAQs

Common questions about verifying companies and trusts

Verify your first entity now

No signup. No subscription. AUSTRAC-compliant entity verification in minutes.