StackGo for Legal & Law Firms
Client due diligence for property, corporate and trust work.
What Legal & Law Firms must do, and where
Law firms that provide a designated service (managing client money, real-property transactions, forming or managing companies and trusts, or acting as or arranging a trustee) are reporting entities under AUSTRAC. You must enrol, apply customer due diligence to clients and beneficial owners before acting, keep records for seven years, and report suspicious matters. AML regulates the service, not the practice.
Read the full Tranche 2 requirementsWhich checks apply to Legal & Law Firms
- Intake
Collect ID and matter details for every client and party, and create the record in your practice management system. No rekeying between your PMS and the file.
- Verify
Verify each individual's identity, and confirm the entity and its beneficial owners on company, trust and nominee matters. Written back to the client record.
- Screen
Screen every party against PEP, sanctions and adverse-media lists before you act, on both sides of a transaction.
- Assess
Produce a defensible risk rating for the matter and record the decision, ready for your MLRO or a regulator.
- Monitor
Keep long-running retainers and trust arrangements current with ongoing monitoring and re-checks.
Built for the way Legal & Law Firms work
StackGo runs inside the matter-opening process your firm already uses. The team requests a check, the client completes it on their phone, and the result and documents land on the file, so verification stops being a manual chase.
Firms like yours already run StackGo
“The IdentityCheck team was fantastic to work with. They implemented the HubSpot integration in just a few days, succeeding where previous attempts had failed for months.”
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.