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
TrustEasy is a credible AU-built AML platform with optional trust accounting attached. IdentityCheck delivers the same Tranche 2 AML coverage — embedded in 100+ practice management platforms (vs. TrustEasy's two), with month-to-month pricing instead of annual lock-in, and no setup fee.
Both are AU-built for Tranche 2. IdentityCheck wins on integration breadth, monthly flexibility, and embedded workflow.
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.
TrustEasy is the most legitimate direct competitor in this comparison. The differences are real but specific: integration breadth, pricing flexibility, and where the workflow happens.
| Capability | IdentityCheck | TrustEasy |
|---|---|---|
| Runs inside practice software | ✓ | ✗ |
| Native XPM integration | ✓ | ✓ |
| Native Karbon, FYI, HubSpot integration | ✓ | ✗ |
| 100+ platform integrations | ✓ | XPM + Access only |
| Month-to-month pricing | ✓ | annual |
| No setup fee | ✓ | $330 onboarding |
| Free trial | ✓ | 7 days |
| Sanctions / PEP / Adverse Media screening | ✓ | ✓ |
| AUSTRAC-ready audit reports | ✓ | ✓ |
| AML/CTF policy documentation | via partner | ✓ |
| Built-in CPD-aligned training included | via partner | ✓ |
| ISO 27001:2022 certified | SOC 2 Type II | ✓ |
| Trust accounting included | out of scope | ✓ |
| Transparent published pricing | ✓ | ✓ |
| Built specifically for AU accountants | ✓ | ✓ |
TrustEasy is genuinely strong: ISO 27001:2022 certified, AU-built, transparent pricing, and the only competitor here that combines trust accounting with AML/CTF. IdentityCheck wins on integration breadth (100+ vs. 2), month-to-month vs. annual, no setup fee, and embedded workflow inside your existing practice software.
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."
Both are AU-built platforms designed for AUSTRAC Tranche 2 compliance. TrustEasy is a standalone platform that bundles trust accounting and AML/CTF as modular products — integrations limited to XPM and Access Practice Manager. IdentityCheck is a pure AML platform, but runs inside 100+ practice management tools, with no setup fee and month-to-month pricing instead of annual.
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. TrustEasy integrates with XPM and Access Practice Manager — strong but narrow. IdentityCheck integrates natively with XPM, Karbon, FYI, HubSpot, Pipedrive, Salesforce, MYOB, Xero, QuickBooks, NetSuite, Greatsoft, Employment Hero, and 100+ others.
IdentityCheck has published pricing (Starter, Professional, Business tiers) with per-check pricing of approximately $7 per check, month-to-month with no setup fee. TrustEasy is annual: $1,200/yr (Pro), $1,500/yr (High), $2,400/yr (Ultimate), with $330 white-glove onboarding fee separately. For firms wanting flexibility or already running trust accounting elsewhere, IdentityCheck is structurally cheaper.
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.