The Foundation of Trust
Identity verification is the foundation of all AML compliance; without it, every other control is built on sand.
TrueVault sits at the base of your compliance stack, delivering the dual-layer identity verification AUSTRAC requires. We deliver biographic verification checked directly against issuing authorities, paired with biometric liveness detection at the point of verification. Without this dual-layer verified identity at the base, every control above it—from transaction monitoring to regulatory reporting is compromised.
Smarter Customer Due Diligence Without the Risk
Transform compliance from an administrative burden into a competitive advantage.
Eliminate Data Breach Liability: TrueVault ensures no documents are retained and no sensitive data is passed. By eliminating document collection, organisations significantly reduce obligations around secure storage and lower their exposure to breach notification and liability.
Dual Peace of Mind (AML + OAIC): TrueVault reduces the volume of personal information an organisation must collect and hold, directly supporting data minimisation and purpose limitation principles. This alignment with the Privacy Act ensures you meet AUSTRAC's demands while effortlessly navigating OAIC privacy obligations.
Defend Against Deepfakes: Advanced face matching and liveness detection confirms the genuine document holder is physically present at the point of verification. This satisfies AUSTRAC's requirement for robust biometric confirmation and eliminates impersonation risks entirely.
- Audit-Ready Assurance: The TrueVault credential provides a reliable and independent basis for identification within an AML/CTF Programme. It is cryptographically secure and sufficient to demonstrate compliance with Section 111 of the AML/CTF Act without retaining copies of source documents.
Beyond the Baseline: Integrated Enhanced Due Diligence (EDD)
Once biographic and biometric identity is established at the foundation, TrueVault's platform extends across the full compliance spectrum.
PEPs & Sanctions Screening: Integrated PEPs (Politically Exposed Persons) and Sanctions screening is built directly into the platform. This enables instant risk-tiered decisioning for higher-risk clients and transactions.
- Adverse Media & Court Checks: We provide comprehensive court record and adverse media checking for elevated-risk profiles. This gives compliance teams the depth of insight required for robust due diligence.
Integrate via API, embed our OAuth flow, or use our zero-code standalone dashboard to verify your clients immediately.