The jobs your firm actually does, run inside your practice software.
Every firm onboards and verifies clients. When you provide a designated service, the full AML workflow applies. Here is what that looks like as real, connected workflows.
Relevant to every firm. Deeper when AML applies.
Onboarding and identity verification apply to every client you take on. Screening, assessment and monitoring switch on when you provide a designated service. AML capture sets the depth of the obligation, not whether StackGo is relevant.
The workflows, mapped to what you do
Each job is a real workflow. Click any step for detail. Every step maps to one of the five workflows, and the whole flow runs inside the software you already use.
| Workflow | When it runs | Stages | Result | Open |
|---|---|---|---|---|
| Client onboarding | ||||
| A new individual client (non-designated) | An individual comes on board for a non-designated service, like a tax return. | Client record created | ||
| A new entity: company, trust or SMSF | You form or set up an entity. A designated service, so the full workflow applies. | Client record created | ||
| Trigger events | ||||
| A new director or beneficial owner is added | An existing entity adds a director, or ownership and UBOs change past 25%. A name change is not a trigger. | Entity record updated | ||
| Portfolio and migration | ||||
| Bulk AML enrolment for an existing client base | You have a client base already ID-verified elsewhere and need them under AML, without re-doing KYC. | Base under monitoring | ||
| Ongoing obligations | ||||
| Ongoing monitoring and periodic re-KYC | Keeping verified clients current over time. | Continuous | ||
| Internal | ||||
| Staff and personnel screening | The firm's own employee due-diligence obligation under Tranche 2. | Staff record updated | ||
Every workflow runs inside the software you already use. See the integrations →
What Accounting & Advisory must do, and where
Accounting and advisory firms that provide a designated service (forming or restructuring companies and trusts, managing client money, acting as or arranging a trustee, or certain real-property and transaction work) are reporting entities under AUSTRAC. You must enrol, run customer due diligence on clients and their beneficial owners, keep records for seven years, and report suspicious matters. AML regulates the designated service you provide, not the profession.
Read the full Tranche 2 requirementsAccounting firms already run StackGo
“IdentityCheck has transformed our onboarding process. We’ve reduced the time spent per client from an hour to under 5 minutes.”
Ready to make onboarding minutes, not hours?
Start free and run your first check today, or book a demo and we will walk you through it.