Digital ID Verification for KYC & KYB Compliance
Meet your KYC, KYB and KYE obligations with fast, secure identity verification, purpose-built for Tranche 2.
Under Australia’s expanded AML/CTF laws, small and medium businesses must verify the identities of their customers, clients and related parties. This is known as KYC (Know Your Customer), KYB (Know Your Business) and KYE (Know Your Employee).
And, it’s a critical part of Tranche 2 compliance.
These checks help prevent money laundering, fraud and terrorism financing by ensuring you're not doing business with high-risk or anonymous parties. With deadlines approaching and expectations rising, getting your identity verification process right from the start is essential.
easyAML’s KYC software makes this process simple, secure and scalable with built-in digital ID verification tools designed for Australian businesses.
What do KYC, KYB and KYE mean?
KYC: Know Your Customer
Verifying the identity of the individual clients you provide services to.
KYB: Know Your Business
Confirming the structure and ownership of companies or organisations you provide services to.
KYE: Know Your Employee
Conducting the necessary identity checks for your staff who will be involved in AML/CTF responsibilities.
When done properly, these checks do more than meet obligations. They safeguard your reputation and give you peace of mind. Missing a step can undo that hard work.
What is digital ID verification?
Digital ID verification is the process of checking that a person or business is who they say they are. It involves electronically verifying a person or organisation’s identity against trusted data sources. Under the AML/CTF Act, you're required to:
- Identify and verify the customer or beneficial owner before providing services
- Assess the level of risk the customer or transaction may pose
- Keep records of the verification process
What types of verification does easyAML support?
easyAML covers all your KYC and KYB checks in one simple, automated solution:
| Verification type | What Digital ID Verification involves |
| KYC (individuals) | Biometric selfie match against government-issued ID, ID document capture & back-to-source checks and address checks |
| KYB (Businesses) | Company ABN/ACN lookup, address checks and beneficial owner KYC |
| KYE (Employees) | Employee identity verification and background checks for compliance-critical roles |
We use secure, compliant technologies to run each check against Australian Government and international databases.
Why does Digital ID verification matter for Tranche 2?
From 1 July 2026, Tranche 2 will expand AML/CTF obligations to real estate agents, lawyers, accountants, conveyancers and other service providers.
Digital ID verification is a core requirement. Without it, you can’t:
- Complete proper Customer Due Diligence (CDD)
- Perform a meaningful risk assessment
- Monitor transactions effectively
- Pass an AUSTRAC audit or demonstrate compliance if investigated
Manual checks can slow you down, create inconsistencies and become hard to manage as your business grows. easyAML’s software takes the pressure off by building KYC verification into your workflow.
It’s a faster, simpler way to stay compliant while focusing on the work you do best.
How does easyAML’s KYC software simplify digital verification?
- Fast onboarding for clients, staff and entities
- Biometric, document and data checks built in
- Secure storage and audit trails to meet compliance standards
- Real-time alerts for flagged results
- Australian-based data security and encrypted storage
- Seamless integration into your workflow
easyAML turns complex KYC compliance steps into clear, trackable actions, with every step documented for audits and reviews.
FAQs: Digital ID Verification & KYC KYB Checks
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Is digital ID verification required for AML/CTF compliance?
Yes. Verifying your client’s identity is one of the core AML/CTF obligations outlined by AUSTRAC. Digital ID checks offer a secure, fast and auditable way to meet this obligation. Using platforms (like easyAML!) ensures your identity checks meet AUSTRAC expectations and reduce risk for your business.
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What documents are used for KYC verification?
easyAML accepts thousands of different identity documents from Australia and overseas, in line with KYC verification regulations. This can include passports, driver's licences and Medicare cards. The system checks document validity in real time and ensures compliance with AUSTRAC’s KYC requirements. It also flags expired or suspicious documents for review, streamlining your compliance process and minimisng manual checks.
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Does easyAML include both KYB verification for businesses and KYC for individuals?
Yes. Our platform performs both KYC (for individuals) and KYB (for businesses). KYB checks include ABN/ACN lookups, ASIC register verification and identification of beneficial owners and directors. This lets you confidently verify businesses and individuals in a single workflow, with all results securely stored in your compliance dashboard.
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Is your AML verification system AUSTRAC-aligned?
Yes. easyAML is designed around current and emerging AUSTRAC requirements, including the latest Tranche 2 obligations. Our software is regularly updated to reflect regulatory changes and best practices, ensuring your KYC/KYB process remains compliant as the rules evolve.
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How long does a KYC ID verification take?
Most AML verifications are completed in minutes, with results and flags sent to your dashboard instantly. You’ll also be able to view document status and risk scores, allowing you to onboard clients quickly while maintaining full compliance. Delays are rare and typically linked to document issues or network problems.
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Do I need separate tools for KYC and KYB compliance?
No. With easyAML, you don’t need multiple tools. Our platform performs both KYC and KYB checks in one place, saving time and avoiding duplication. Whether you're onboarding a single client or an entire company, you’ll get accurate, AUSTRAC-aligned results from one simple dashboard.
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Can I use easyAML to monitor ongoing KYC/KYB risk?
Yes. easyAML includes automated monitoring features. Once a client is verified, the platform continues to assess activity and risk based on changes in behaviour, sanctions updates, or document expirations. You’ll get real-time alerts if anything changes, so you can take action before small issues become compliance breaches.
Stay informed, not overwhelmed
Identity verification is a key part of your KYC compliance obligations. easyAML is here to help you prepare with clarity, not confusion.