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
Sumsub is a strong global IDV and fraud-prevention platform — built for fintech, crypto, and iGaming, not for Australian accounting firms preparing for AUSTRAC Tranche 2. IdentityCheck delivers Sumsub-grade verification, AUSTRAC-aligned out of the box, embedded in the practice software your team already uses.
Sumsub is excellent for fintech. For an AU accounting practice on Tranche 2, the fit isn't there.
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.
Sumsub is a credible global verification platform. The question is whether it's built for your business — most AU accountants find the fit wrong despite the technical capability.
| Capability | IdentityCheck | Sumsub |
|---|---|---|
| Built for AU accountants / DNFBPs | ✓ | built for fintech / crypto |
| Native XPM, Karbon, FYI, HubSpot integration | ✓ | API only |
| AUSTRAC Tranche 2 alignment out of the box | ✓ | generic global |
| Self-service signup, no minimum commitment | ✓ | enterprise sales-led |
| Free trial without sales call | ✓ | ✗ |
| Live the same day, no developer required | ✓ | ✗ |
| Transparent SMB-friendly pricing | ✓ | $0.05/check headline; sales-led for real |
| Sanctions / PEP / Adverse Media screening | ✓ | ✓ |
| Biometric ID + liveness | ✓ | ✓ |
| Transaction monitoring | out of scope for accountants | ✓ |
| Fraud prevention scoring | basic | ✓ |
| 100+ practice software integrations | ✓ | ✗ |
| Built specifically for AU regulatory environment | ✓ | ✗ |
Sumsub is a serious global IDV product. For fintech, crypto, or iGaming it's a strong choice. For AU accountants on Tranche 2, IdentityCheck is purpose-built — AUSTRAC-aligned, embedded in your practice software, priced for SMB firms.
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."
Sumsub is a global IDV and fraud-prevention platform built for fintech, crypto, iGaming, and consumer marketplace platforms. It's powerful but the implementation assumes a tech team building custom flows. IdentityCheck is purpose-built for Australian accounting firms preparing for AUSTRAC Tranche 2 — runs inside your practice software, AUSTRAC-aligned out of the box, no developer required.
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. Sumsub integrates via API and SDKs — implementation requires developer time. There is no native integration with practice management software (XPM, Karbon, FYI, HubSpot, etc.).
IdentityCheck has published pricing (Starter, Professional, Business tiers) with per-check pricing of approximately $7 per check, month-to-month, designed for AU accounting firm volumes. Sumsub starts at $0.05 per check at scale but minimum commitments and enterprise contracts apply — the headline price isn't representative for an SMB accounting firm. Most accountants would pay materially more on Sumsub once the realistic minimums apply.
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.