Australia’s AML/CTF Amendment Act 2024 has permanently changed the compliance landscape. Real estate agents, law firms, conveyancers, accountants, and bookkeepers are now designated AUSTRAC reporting entities with mandatory AML/CTF programs, customer identification obligations, and suspicious matter reporting requirements.
NorthLark’s purpose-built Tranche 2 compliance technology helps newly designated businesses meet every AUSTRAC obligation from onboarding and identity verification through to transaction monitoring and regulatory reporting, so you stay compliant, protected, and audit ready.
Optimized KYC Compliance Suite
Stay ahead in the compliance game. Sentinel offers a comprehensive solution designed to seamlessly fulfill all your KYC requirements, blending trusted data sources with potent fraud detection signals.
Vigilant Fraud Prevention
Elevate your fraud detection capabilities. Monitor, alert, and act on suspicious transactions in real-time, ensuring the safety of your business and customers alike.
Optimized KYC Compliance Suite
Stay ahead in the compliance game. Sentinel offers a comprehensive solution designed to seamlessly fulfill all your KYC requirements, blending trusted data sources with potent fraud detection signals.
Vigilant Fraud Prevention
Elevate your fraud detection capabilities. Monitor, alert, and act on suspicious transactions in real-time, ensuring the safety of your business and customers alike.
IDENTITY VERIFICATION AND FRAUD PREVENTION
A holistic solution tailored to meet and exceed your verification and fraud prevention needs, combining advanced facial biometrics and meticulous data extraction with robust fraud assessment capabilities.
Entity management
Streamlines entity management for Caribbean and BVI registered agents with AI automation. Ensure compliance, enhance security, and simplify processes for smoother operations.
Harness digital identity solutions that fortify financial trust, ensuring efficient transactions and safeguarded assets in a fast-paced ecosystem.
Navigate the dynamic crypto landscape with our advanced identity verifications, ensuring security in blockchain transactions and crypto exchanges.
Enhance gaming platforms with robust user verification, promoting fair play, secure transactions, and a trusted environment for users worldwide.
Strengthen telecom networks with dependable identity checks, facilitating secure communications and trusted interactions for millions daily.
Drive transport services forward with seamless identity validations, ensuring passenger safety, and elevating trust in mobility solutions.
Optimize online shopping experiences with swift identity verifications, ensuring secure transactions and boosting consumer confidence.
Create safer online connections with reliable identity checks, fostering genuine relationships and enhancing user trust in the dating scene.
Prioritize patient data with unparalleled identity solutions, ensuring confidentiality and fostering trust in healthcare services and interactions.
Enhance gaming integrity with swift and reliable player verifications, ensuring fair play and establishing a foundation of trust in every bet.
| Feature | NorthLark Advantage |
|---|---|
| Tranche 2 Program Builder | Step-by-step AML/CTF program development aligned to AUSTRAC's rules |
| Fast Onboarding | Get compliant in weeks, not months |
| No Compliance Team Required | Guided workflows built for non-compliance professionals |
| Audit-Ready Records | Every action logged and stored for AUSTRAC examination |
| Scalable | From sole practitioners to national firms |
| Australian Data Sources | Local identity verification using DVS, PPSR, and ASIC data |
Confirm every customer is who they claim to be — in real time. NorthLark's facial biometric engine combines selfie matching, motion liveness detection, and anti-spoofing technology to prevent identity fraud at the point of onboarding. Fully aligned with AUSTRAC's Customer Identification Program (CIP) requirements and Tranche 2 proof-of-identity obligations.
Maintain a complete, tamper-proof record of every customer interaction and transaction. NorthLark's activity logging captures and timestamps all onboarding events, verification outcomes, risk assessments, and transactional behaviour creating a continuous audit trail that satisfies AUSTRAC's record-keeping obligations and stands up to regulatory examination.
Go beyond identity — know your customer's full risk profile. NorthLark's background verification layer screens individuals and entities against global PEP lists, sanctions registers, adverse media sources, and law enforcement databases. Purpose-built to meet AUSTRAC's Enhanced Due Diligence (EDD) and ongoing customer due diligence requirements for high-risk clients and Tranche 2 designated services.
Meet AUSTRAC's mandatory 7-year record retention requirement with confidence. NorthLark's secure document vault stores verified identity documents, KYC records, due diligence reports, and compliance decisions in an encrypted, audit-ready repository with role-based access controls and instant retrieval for AUSTRAC audits or internal reviews.
Eliminate manual onboarding bottlenecks. NorthLark automates KYC data collection, form population, and real-time risk scoring dynamically assessing each customer against your risk appetite and AUSTRAC's risk-based compliance framework. Newly designated Tranche 2 entities can deploy a fully operational customer onboarding workflow without compliance staff or technical resources.
File Suspicious Matter Reports with confidence and within AUSTRAC's strict timeframes. NorthLark's SMR workflow guides your team through the detection, assessment, and lodgement process with pre-built typology alerts, case management tools, and structured reporting templates aligned to AUSTRAC's SMR and IFTI requirements. Critical for all Tranche 2 reporting entities filing for the first time.
