Admiin has built-in compliance verification for Australian accounting firms. The KYC/AML section manages two types of client verification: AUSTRAC Customer Due Diligence (CDD) for AML/CTF compliance, and TPB Proof of Identity for Tax Practitioners Board requirements.
AUSTRAC Customer Due Diligence (CDD): Required for businesses regulated under Australia’s AML/CTF Act. Sends verification request to nominated directors or beneficial owners to collect ID documents.
TPB Proof of Identity (POI): Required by the Tax Practitioners Board for registered tax agents. Verifies client identity before providing tax services.
Verify — no verification started; action required
In Progress — verification workflow triggered, client notified
Verification Sent — link sent to the individual party
UBO Review — Ultimate Beneficial Owner review in progress
Completed — verification passed successfully
