Tranche 2 AML/CTF, run day to day and documented as a program
Tranche 2 asks Australian accounting firms for two things. Checks run on real clients, every time, and a documented program that shows how and why. IdentityCheck runs the checks inside the practice software you already use. Nelvo runs the program around them.
Two halves of one obligation
Most firms already buy compliance this way, from one vendor for operations and another for the program. Neither replaces the other.
IdentityCheck by StackGo
- Started from the client record in Xero Practice Manager, FYI, Karbon, HubSpot and other tools you already use
- Client intake and identity verification on the client's phone, with ID coverage in 230+ countries and territories
- PEP, sanctions and adverse media screening on every party, directors and beneficial owners included
- A risk decision your team makes and records, with the evidence behind it
- Ongoing monitoring, with results written back to the client record
Nelvo
- Your AML/CTF program, policies and procedures, kept in one place
- Firm risk assessment, obligations and controls
- A guided Risk and Verification (CDD) workflow, with decisions, approvals and review dates
- Staff training and personnel due diligence
- Incidents, program reviews, and an evidence register and audit trail
From one click in your practice software to a program you can evidence
- 01 IdentityCheck Start the check
From the client record you already work in.
- 02 IdentityCheck Verify and screen
The client completes it on their phone. Screening runs on every party.
- 03 IdentityCheck Record the decision
Your team records the risk call. The result writes back to the client record.
- 04 Nelvo Evidence the program
Nelvo records the verification alongside your policies, controls and reviews.
- 05 Together Ready for AUSTRAC
The work done and the reasoning behind it, in one defensible record.
Firms are rethinking their first Tranche 2 setup
Many firms bought something quickly before 1 July. If yours is creating work rather than removing it, the pair is a straight swap.
Common questions
What is the difference between IdentityCheck and Nelvo?
IdentityCheck runs the day-to-day of your program inside your practice software. That means intake, identity verification, PEP, sanctions and adverse media screening, the recorded risk decision and ongoing monitoring. Nelvo runs the program itself. That means policies and procedures, firm risk, controls, training, incidents, reviews and the evidence register. They do different jobs.
Do I need both for Tranche 2?
Tranche 2 needs both a working process for each client (identify, verify, screen, assess) and a documented AML/CTF program around it. You can run either half another way. Using the two together means neither half is left to spreadsheets.
Can I use one without the other?
Yes. Each works on its own. IdentityCheck works without Nelvo, and Nelvo can record results from other verification providers.
Does Nelvo work with IdentityCheck?
Yes. Nelvo lists IdentityCheck as a verification provider, so the identity check runs in IdentityCheck while Nelvo manages the wider program around it.
Which practice software does IdentityCheck work with?
Xero Practice Manager, FYI, Karbon, HubSpot, Pipedrive and more. The full list, with how each one works, is on the integrations page.
We already have an AML tool. Is switching hard?
Book a demo and bring what you have today. We will show how your current client steps map onto IdentityCheck and where Nelvo would hold your program, so you can judge the change before you make it.
See the pair working on your own clients
Book a demo and we will walk through IdentityCheck in your practice software, and how it fits with Nelvo.