Digital Onboarding Infrastructure for Crypto Exchanges
Crypto exchanges operating as Digital Services Providers face stringent AML/CTF obligations under AUSTRAC regulation. LAB delivers automated identity verification and risk screening infrastructure for digital asset platforms, enabling high-volume retail onboarding with real-time verification results that protect conversion rates while meeting enhanced due diligence requirements.
Identity Verification Infrastructure for Digital Services Providers
Meet AUSTRAC obligations for digital currency exchanges with LAB Verify and LAB Engage, accessed through LAB Portal or integrated via API into your existing platforms.
High-Volume Retail Onboarding for Digital Assets
- Multi-provider verification engine orchestrates identity verification across government databases, biometric matching, and document verification services optimised for retail conversion.
- Real-time verification outcomes enable instant account activation, reducing customer drop-off during onboarding without compromising compliance obligations.
- Automated risk-based assessment adapts verification depth to customer risk profile, transaction patterns, and jurisdiction requirements.
- Integration capabilities enable verification workflows to operate within existing exchange platforms and customer onboarding journeys.
Enhanced Due Diligence for Digital Asset Transactions
- Individual identity verification confirms customer identities through document verification, biometric matching, and government database checks meeting AUSTRAC DSP requirements.
- Source of funds and wealth verification captures financial background information required for enhanced due diligence on high-risk customers and transactions.
- PEP and sanctions screening checks customers against DFAT, UN, and OFAC lists to identify politically exposed persons and sanctioned individuals before account activation.
- Continuous monitoring and periodic review capabilities support ongoing customer due diligence requirements for digital currency exchange operations.
Portal & API Access Options
- LAB Portal provides operations teams with case management interface to review exceptions, manage high-risk accounts, and access comprehensive audit trails for AUSTRAC compliance.
- API integration enables exchanges with technical capability to embed verification workflows directly into customer registration and trading platform interfaces.
- Real-time verification results with detailed pass/fail outcomes and evidence storage meet Digital Services Provider record-keeping obligations.
- Fraud signal monitoring identifies VPN usage, device risk, and suspicious patterns to protect platform integrity and meet AML/CTF obligations.
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 for digital asset platforms.
- Flexible resourcing models scale from exception handling support through to complete verification process outsourcing during growth phases.
- Regulatory advisory services provide guidance navigating Digital Services Provider obligations and evolving AUSTRAC expectations for crypto exchanges.
- Transaction monitoring support assists with suspicious matter reporting, enhanced due diligence reviews, and ongoing customer risk assessment.
Connected to the Platforms You Already Use
Integration capabilities with exchange platforms enable compliance workflows to operate within existing customer onboarding and trading infrastructure.
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