Free set up for all new subscriptions before Nov 30th 2023. Save $1,000. Book a demo now
Free set up for all new subscriptions before Nov 30th 2023. Save $1,000. Book a demo now
Considering AML Square for your AUSTRAC Tranche 2 compliance? IdentityCheck runs the same checks — KYC, AML screening, risk assessment, and full audit trail — directly inside the practice software your team already uses. No separate dashboard. No consulting engagement required. Transparent month-to-month pricing.
A purpose-built tool, not a sales-led consultancy with software attached.
Runs inside XPM, Karbon, HubSpot, FYI, and 100+ other platforms. No separate AML login. No re-entering client data.
Published tiers, month-to-month, no consultation required to see the price. No bundled services you didn't ask for.
Sign up, connect your practice software, run your first check the same day. No multi-week implementation engagement.
Built specifically for AU accountants and legal firms preparing for AUSTRAC Tranche 2. Not a global firm with an Australian practice.
Both cover AUSTRAC's core requirements. The difference is how they fit your workflow and how transparent the commercial terms are.
| Capability | IdentityCheck | AML Square |
|---|---|---|
| Runs inside practice software (XPM, Karbon, HubSpot, FYI) | ✓ | ✗ |
| No separate AML login required | ✓ | ✗ |
| 100+ native platform integrations | ✓ | ✗ |
| Transparent published pricing | ✓ | ✗ (consultation required) |
| Month-to-month, no lock-in | ✓ | unclear |
| Software-only purchase available | ✓ | ✗ (consulting bundled) |
| Free trial without sales call | ✓ | 10-day, sales-led |
| Live the same day | ✓ | ✗ (services-led) |
| AUSTRAC reporting (SMR, TTR, IFTI) | ✓ | ✓ |
| PEP, Sanctions, Adverse Media screening | ✓ | ✓ |
| 7-year record retention with audit-ready reports | ✓ | ✓ |
| Bring Your Own Key (BYOK) data security | ✓ | ✗ |
| Built specifically for AU (not multi-jurisdictional) | ✓ | multi-jurisdictional firm |
AML Square is a credible Tranche 2 vendor, particularly for firms wanting consulting + audit + software bundled. IdentityCheck is the better fit for firms wanting clean, embedded software without the consulting layer.
Six steps, all inside the software your team already uses every day.
Right-click a contact in your practice software. Verification starts.
Your client receives a verification link by email or SMS. No app download.
Source of funds, designated services, AML risk indicators captured.
Government-issued ID + selfie. Liveness and tampering detection. 230+ countries.
PEP, Sanctions, Adverse Media — three layers, automated.
Operational record in your PMS plus 7-year secure vault for audit.
The technology layer of AUSTRAC Tranche 2 compliance, in one product.
230+ countries. Passive liveness detection. Document tampering detection. Under one minute per check.
Sanctions (70+ lists, refreshed every 30 min). PEP (3,000+ sources, daily). Adverse media (15,000+ sites).
Staff complete a structured assessment inside the client record. Secured by 4-digit PIN. Documented for audit.
Daily re-screening against updated lists. Alerts on changes. AUSTRAC-compliant frequencies, configurable per risk rating.
AUSTRAC-ready audit reports on demand. 7-year vault retention. Operational record in your PMS.
In-product orientation gets your team up to speed in minutes. Advanced training and full compliance program available via partner network.
Multi-entity onboarding form for business and trust structures. Optional full UBO reports via CreditorWatch partnership.
Bulk upload staff for biometric ID and AML screening. Know Your Employee obligations met inside the same workflow.
From 1 July 2026, accountants, lawyers, and real estate agents in Australia must comply with AUSTRAC's AML/CTF obligations. Compliance officer notification is required by 30 May 2026.
Instead of adding a separate AML platform — and a multi-week consulting engagement — IdentityCheck runs compliance checks inside the practice software your team already uses. AUSTRAC has indicated zero tolerance from 1 July; civil penalties extend to $33M for corporate non-compliance.
Learn about Tranche 2 prep →Real outcomes from firms running IdentityCheck inside their practice software today.
"Onboarding dropped from over an hour to under five minutes. The team didn't need any retraining — it's right there in the software they already use."
"We estimate at least a 5–10× ROI from IdentityCheck. The compliance work that used to swallow days now runs in the background."
"It's been a well-oiled machine. Our clients have a smoother experience and we have a cleaner audit trail."
AML Square is a standalone platform paired with a consulting practice — buyers typically engage them for a multi-week implementation that covers both software setup and program design. IdentityCheck is a pure software product that runs inside the practice management software your team already uses (XPM, Karbon, HubSpot, FYI, and 100+ others). No separate dashboard, no implementation engagement required. Full AML/CTF program support is available via our compliance program partner if you need it, separately from the product itself.
The technology layer, yes — KYC verification, AML screening (PEP, Sanctions, Adverse Media), risk assessment, ongoing monitoring, dual record-keeping (PMS plus 7-year vault), AUSTRAC-ready audit reports, and Know Your Employee screening. For firms also needing a full AML/CTF compliance program (policy, documentation, ongoing program governance), our partner network covers the program-structure side.
It is already in production with Tranche 2-bound firms. The Tranche 2 workflow has been live since early 2026, with the AUSTRAC enrolment process supported and the 30 May 2026 compliance officer notification deadline factored into onboarding guidance.
Native integrations with XPM, Karbon, FYI, HubSpot, Pipedrive, Salesforce, MYOB, Xero, QuickBooks, NetSuite, Greatsoft, Employment Hero, Zapier, and 100+ others. AML Square does not run inside any of these — it operates as a standalone platform.
IdentityCheck has published pricing (Starter, Professional, Business tiers) with per-check pricing of approximately $7 per check. Month-to-month, no lock-in. AML Square does not publish pricing — every quote requires a sales consultation, and pricing typically reflects bundled consulting services.
Yes. Self-service signup, no minimum commitment, free trial without a sales call. The Starter tier is purpose-built for sole practitioners and small accounting firms preparing for Tranche 2 without the budget for an enterprise consulting engagement.
No setup fees. No lock-in. Live the same day. Built for Australian firms.