Nine connected modules take a client from onboarding through to reporting. Each produces a defensible record, and because they share the same data, nothing is re-keyed and nothing falls between tools.
A guided, plain English questionnaire walks you through every AUSTRAC risk factor — designated services, customers, delivery channels, countries and proliferation financing. Each factor is rated, with a written rationale, and the overall rating is approved by a senior manager.
Your AML/CTF policies are generated straight from the risk assessment and tailored to the services you actually provide. Every version is dated, approved and retained, so you always know which policy applied when.
Digital onboarding for individuals, companies and trusts, including identification of beneficial owners. OCR reads identity documents and extracts the key fields, so staff re-key almost nothing.
Screening against the DFAT Consolidated List first, then UN, OFAC, EU and UK HMT. Fuzzy matching surfaces likely hits and an analyst reviews them, so genuine matches are caught and false positives cleared quickly.
Every client is scored from AUSTRAC risk factors and assigned Standard or Enhanced CDD. The rating updates automatically as data changes, and sanctions, foreign PEPs or hidden ownership force mandatory escalation.
Clients are re-screened on trigger events and on a schedule set by their risk rating. Alerts are managed as cases, so nothing is missed and every decision is recorded.
A structured suspicion workflow with built-in tipping-off controls. Staff raise an internal escalation; the AML/CTF Compliance Officer reviews and lodges the report with AUSTRAC within the required timeframe.
Role-based AML/CTF training with completion tracking, plus fit and proper checks for the people in your AML function. New staff are screened before they touch client work.
A seven-year, tamper-evident audit trail of every action, plus tracking of independent evaluations and the AUSTRAC annual compliance report.
ClearTrace mirrors AUSTRAC’s governance model. One person can hold several roles in a small firm; larger firms and reporting groups keep them separate.
Approves the program, risk assessment and high risk / PEP clients.
AMLCO — oversight, reporting and AUSTRAC contact.
Run day to day CDD and ongoing transaction monitoring, and escalate to the Compliance Officer.
Independent, read only review.
Where a reporting group has a lead entity, ClearTrace runs one risk assessment and program that still captures each member entity’s services, customers, channels and countries — and one member lodges the annual compliance report for the group.
A live walkthrough tailored to your firm’s services.
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