AML Compliance Infrastructure for Enterprise Law Firms
Law firms become reporting entities from 1 July 2026 when providing designated services. LAB Verify delivers identity verification and AML screening infrastructure for enterprise legal practices, enabling verification workflows through LAB Portal or direct API integration without disrupting matter progression or client service.
Identity Verification Infrastructure for July 2026 Compliance
Meet AML/CTF verification obligations for designated services with LAB Verify, accessed through LAB Portal or integrated via API into your existing systems.
Enterprise Verification for Legal Practice
- Multi-provider verification engine orchestrates identity verification, document authentication, and biometric matching across designated service workflows.
- Risk-based verification adapts assessment requirements to matter type, client risk profile, and designated service classification.
- Centralised verification outcomes enable consistent identity verification standards across practice groups and office locations.
- Integration capabilities support verification workflows within existing matter management systems and trust account 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 entity 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 enables operations staff to trigger verifications, resolve exceptions, and maintain comprehensive verification audit trails.
- API integration allows firms with technical capability to embed verification requests directly into matter management workflows.
- Standalone verification support enables ad-hoc identity checks for conflict searches or preliminary client assessment.
- Immediate verification results with structured pass/fail outcomes and evidence documentation for regulatory compliance.
Managed AML/CTF Operations
- LAB Service combines LAB Verify technology with our partner network's AML/CTF expertise to deliver managed verification operations for legal practices.
- Flexible resourcing scales from verification exception handling through to complete AML/CTF operations outsourcing across firm networks.
- Regulatory advisory from compliance specialists provides guidance on designated services requirements and July 2026 readiness.
- Remediation program support addresses verification backlogs and prepares firms for AUSTRAC examination.
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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