KYC Workstation
Enterprise CDD and EDD workflows designed around AUSTRAC’s risk-based approach. Automated risk scoring, document verification, beneficial owner capture, and ongoing monitoring — all integrated with AML Shield Pro and Sanctions IQ.
AUSTRAC’s tiered due diligence framework, automated
The AML/CTF Act requires a risk-based approach to customer due diligence. KYC Workstation automatically assigns the right tier based on the customer’s risk profile and keeps it current as risks change.
Automatic tier assignment based on a weighted risk profile
When a customer is onboarded, KYC Workstation evaluates eight risk dimensions — customer type, industry, geography, ownership structure, source of funds, PEP status, sanctions screening, and document status — to produce a composite risk score and assign the correct CDD tier.
As the customer’s risk profile changes — new jurisdiction exposure, a PEP connection, or a change in beneficial ownership — the score updates automatically and can trigger a tier escalation with notification to the responsible officer.
A clear chain of custody for every document
Document verification is recorded with timestamp, verification method, expiry date, and responsible officer — making every KYC file audit-ready from day one.
High-risk entities require more than a form
When a customer is flagged as high-risk — PEP, high-value, cash-intensive, or complex ownership — EDD is automatically triggered with a structured workflow that meets AUSTRAC’s heightened obligations.
Trace ownership through every layer of structure
AUSTRAC requires identification and verification of beneficial owners — the natural persons who ultimately own or control the customer. KYC Workstation captures the full ownership chain, verifies each UBO’s identity, and screens them against PEP and sanctions lists automatically.
Ownership structures can be complex — trusts, corporate layers, nominee arrangements. The UBO graph maps every relationship, flags unresolved layers, and alerts the responsible officer when ownership changes are detected.
KYC doesn’t end at onboarding
KYC Workstation feeds directly into AML Shield Pro and Sanctions IQ — so the risk profile you build at onboarding becomes the behavioural baseline your monitoring engine uses from day one.
Customer risk tier, CDD data, and transaction expectations flow into AML Shield Pro as the behavioural baseline. EDD customers receive heightened alert thresholds automatically.
Every customer and UBO identified during KYC is automatically screened against all six sanctions lists and PEP databases. Matches trigger an EDD escalation.
When AML Shield Pro detects a significant behavioural change, it can trigger an out-of-cycle KYC review — keeping the customer’s due diligence file current with their actual risk.
Enterprise KYC, accessible to every regulated entity
Risk-Based CDD Tiers
SDD, CDD, and EDD workflows automatically assigned based on a composite risk score. Tier escalation triggers notifications to the responsible officer.
Automated Risk Scoring
8-factor weighted risk profile covering customer type, industry, geography, ownership structure, source of funds, PEP/sanctions status, and document verification.
Document Verification
Government ID, proof of address, source of funds, and corporate documents tracked with expiry dates, verification timestamps, and responsible officer records.
UBO & Beneficial Ownership
Capture and verify the full ownership chain to the natural person level. Automatic PEP and sanctions screening for every beneficial owner identified.
EDD Workflow
Structured enhanced due diligence for high-risk customers — face match, source of wealth, AML/CTF questionnaire, and senior management approval, all tracked in one workflow.
Expiry & Review Alerts
Automatic alerts when ID documents approach expiry, review dates are due, or a risk event — sanctions match, AML alert, ownership change — triggers an out-of-cycle review.
Ready to build an AUSTRAC-ready KYC programme?
See how KYC Workstation handles onboarding, risk scoring, EDD, and ongoing monitoring for your regulated entity.