Solutions
Inspex is dedicated to providing the most comprehensive suite of AML/CTF products and services.
To ensure you have the best possible solution we will continually enhance and upgrade our products and services. As the AML/CTF ACT rolls out we will bring you access to more information sources, and we will continue to develop our product range.
Know Your Customer (KYC) Reports
Inspex KYC Reports are the simple, quick and cost-effective way to meet your KYC verification obligations.
With Inspex KYC Reports for organisations you will be able to:
- verify more details than those prescribed in the rules that accompany the AML/CTF Act
- verify the details of clients with different risk profiles, including high risk customers
- help ensure your KYC protocols are being followed
- facilitate accurate record keeping which is an important obligation of the AML/CTF Act
To meet the requirements of the risk-based approach we offer a range of products that incrementally verify more and more information. The four KYC reports we offer include:
- KYC basic report – designed for low risk customers, verifies organisation details from the relevant registration body
- KYC character report – designed for medium risk customers, ALSO provides public record information on the organisation and principals
- KYC relationships report – designed for high risk customers, ALSO provides details of the other business interests of the principals
- KYC additions report – designed to provide additional information on individuals and organisations to supplement previous enquiries
For more details of our KYC solution view our flow chart
Due Diligence Investigations
The Inspex portal provides you with the broadest range of information sources which means you have an unprecedented ability to perform your own due diligence investigations into your customers.
The data sources and services you will have access to include:
- ASIC – the widest range of ASIC searches available from one portal
- business name extracts from all states and territories
- ATO – ABN verification
- association and co-operative searches from NSW, VIC and QLD
- overseas company reports for overseas organisations
- people finder searches
- ITSA bankruptcy searches
- property searches for all states and territories
- ASX company reports
Employee Screening
The AUSTRAC Rules Instrument # 1 stipulates that employees should be screened.
In keeping with the risk based nature of the Act we offer a broad range of services to screen employees with different risk profiles – from basic checks for low risk employees to more comprehensive checks for high risk employees.
Systems Integration
We are one of the leading providers of web services and information in XML to the Australian information market. If you are looking for AML/CTF information to integrate into your systems, please contact us for details.
