Automatic screening against the DFAT Consolidated List and global PEP databases. Every client checked. Every match alerted instantly.
The DFAT Consolidated List is Australia's official list of individuals and entities subject to targeted financial sanctions. Under the AML/CTF Act, you must check every client against this list before providing designated services. You must also regularly monitor for updates.
If you find a match you must immediately stop dealing with the client, freeze any assets under your control and notify the Australian Sanctions Office and Australian Federal Police.
A PEP is an individual who holds or has held a senior public position - in an Australian, foreign or international organisation - that may create vulnerability to corruption or bribery. PEPs include their close family members and associates.
Every client is automatically screened against the DFAT Consolidated List and global PEP databases as part of the verification process. No manual checking required.
Any positive match triggers an immediate alert to your firm dashboard and your compliance officer. Services are paused pending review.
All screening results stored against the client record with timestamp and database version checked. Full audit trail for your CDD records.
Built in. Automatic. AUSTRAC compliant.