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Built for Tranche 2 CDD

Every entity check is a $40 KYB

A company, a trust, and an SMSF are the same kind of check: entity KYB at $40. FreeAML reads the registry, maps who owns or controls it, and screens the entity. The people behind it are not inside that $40. Each beneficial owner is $20 after the KYB. Your client pays. No subscription. The link is email.

Built for Tranche 2 CDDNo 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 can mean significant civil penalties set in penalty units.

KYB is the entity check. UBO is the next invoice.

Entity verification on FreeAML is KYB: one price, $40, whether the customer is a proprietary company, a family trust, or an SMSF. Individual identity, the $20 KYC check, is a different page and a different check. Customer due diligence is the umbrella over both.

The $40 KYB identifies the entity and names the people. It does not verify those people:

  • Entity identification: Confirming the company, trust, or SMSF on ASIC, ABR, or the ATO SMSF register
  • Beneficial owner detection: Listing individuals with 25%+ ownership or control. Detection is included. Their KYC is not.
  • Entity screening: Watchlist screening of the entity, plus a CDD report for your firm's file

Detection names the people. Verification of each person is a separate $20 UBO check with its own CDD report. The entity report and the person reports sit together on the file. Your firm remains the reporting entity.

To work out who to name on a company or trust, start with what a beneficial owner is in Australia, then the beneficial owner of a company or beneficial owner of a trust, and run UBO verification for each person.

Entity types we verify

Verification built for AUSTRAC Tranche 2 CDD 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 by email.

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 built for AUSTRAC Tranche 2 CDD.

Simple, transparent pricing

No subscriptions. No hidden fees. Pay per check.

Individual KYC

$20$0

Free for you (client pays)

Per person

  • ✓Government database verification (DVS)
  • ✓Photo ID verification (licence, passport, Medicare)
  • ✓Biometric liveness check (selfie match)
  • ✓AML/CTF watchlist screening (PEP, sanctions, adverse media)
  • ✓Ongoing AML monitoring included
  • ✓ML/TF risk assessment
  • ✓CDD report (PDF) for your compliance file
See what's included

Entity KYB

$40$0

Free for you (client pays)

Per company, trust, or SMSF

  • ✓ASIC/registry verification (ACN/ABN validation)
  • ✓Company/trust structure & status check
  • ✓Director & shareholder identification
  • ✓Automatic UBO detection (25%+ owners)
  • ✓Corporate AML screening
  • ✓Registered address verification
  • ✓Business activity & trading status
  • ✓CDD report (PDF) for your compliance file
  • ✓Zone A coverage (60+ countries)
See what's included

Beneficial owners (25%+ shareholders) are verified at $20 $0 per person after entity verification (client pays). We automatically detect and prompt for UBO verification.

See detailed pricing comparison

Entity verification FAQs

Common questions about verifying companies and trusts

Verify your first entity now

No signup. No subscription. Entity verification built for AUSTRAC Tranche 2 CDD in minutes.