AML Compliance Infrastructure for Enterprise Accounting Firms
Accounting firms become reporting entities from 1 July 2026 when providing designated services. LAB Verify delivers identity verification and AML screening infrastructure for enterprise accounting practices, enabling verification workflows through LAB Portal or direct API integration without disrupting existing client engagement processes.
Identity Verification Infrastructure for July 2026 Compliance
Meet AML/CTF verification obligations across designated services with LAB Verify, accessed through LAB Portal or integrated via API into your existing systems.
Enterprise Verification for Accounting Operations
- Multi-provider verification engine orchestrates identity verification across government databases, credit bureaus, and biometric matching services.
- Risk-based verification logic adapts assessment depth to client risk profile, engagement complexity, and designated service requirements.
- Centralised verification results provide consistent identity verification standards across all offices and service teams.
- Integration capabilities enable verification workflows to operate within existing practice management systems and client engagement processes.
Identity Verification & Risk Screening
- Individual and entity identity verification confirms client identities through document verification services and registry searches.
- Beneficial ownership identification maps ownership chains and ultimate beneficial owner structures across complex corporate, trust, and SMSF arrangements.
- PEP and sanctions screening checks clients against DFAT, UN, and OFAC lists to identify politically exposed persons and sanctioned individuals.
- Automated risk assessment assigns risk ratings based on client profile, jurisdiction, and transaction patterns to guide enhanced due diligence requirements.
Portal & API Access Options
- LAB Portal provides operations staff with case management interface to trigger verifications, manage exceptions, and access comprehensive audit trails.
- API integration enables firms with technical capability to embed verification workflows directly into existing practice management systems.
- Standalone verification requests support ad-hoc identity checks outside standard engagement workflows.
- Real-time verification results with detailed pass/fail outcomes and evidence storage for AUSTRAC compliance documentation.
Managed AML/CTF Operations
- LAB Service combines LAB Verify technology with our partner network's AML/CTF expertise to deliver managed verification and compliance operations.
- Flexible resourcing models scale from exception handling support through to complete verification process outsourcing.
- Regulatory advisory services from former AUSTRAC executives provide confidence navigating July 2026 designated services requirements.
- Australian-based compliance teams understand accounting practice operations and integrate with firm workflows.
Connected to the Platforms You Already Use
Integration capabilities with firm management systems enable compliance workflows to operate within existing operational infrastructure.
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