This page outlines features planned for the late July 2026 release. Details are subject to change and this page will be updated when features ship.
Contents
Users & Key Personnel — Personnel Due Diligence
Personnel Due Diligence Tab
A new Personnel Due Diligence tab in Firm > Users > [Edit user], alongside the existing Details and Training tabs. This is where a Compliance Officer manages PDD assessments for each person in the firm.
Key capabilities:
- View all PDD assessment history for the person in reverse chronological order
- Set and edit the Next Review Date for the person's PDD cycle
- Start a new PDD assessment via the guided wizard
- Upload an existing PDD document with outcome and metadata
- View or delete in-progress records; view completed records (read-only)
PDD status indicator (shown in the user header):
| Status | Condition |
|---|---|
| Not Started | No PDD assessments on record |
| In Progress | The latest assessment is in progress |
| Completed | The latest assessment is Suitable or Not Suitable |
| Review Due | Next Review Date is within 30 days or overdue — takes precedence over all other statuses |
Each record shows: purpose of PDD, date of assessment, assessed by, and outcome (In Progress / Suitable / Not Suitable).
Personnel Due Diligence Wizard
A guided wizard for conducting and documenting a PDD assessment. Selecting Start PDD from the Personnel Due Diligence tab opens the wizard.
The wizard captures the purpose of the assessment, assessor details, assessment date, findings, and outcome (Suitable or Not Suitable), with the ability to save progress at any point. A completed assessment can be viewed read-only at any time.
Users & Key Personnel Improvements for PDD
Updates to the Users & Key Personnel screen to support the PDD workflow — including PDD status visibility in the user list and improvements to the user header. Specification in development.
Clients — CDD & Group Workflows
CDD Workflow — Entity
The Initial Customer Due Diligence workflow for individual client entities. Once a client's onboarding is approved and their status is Ready for Initial CDD, this workflow guides the Compliance Officer through identity verification, risk assessment, beneficial ownership review, screening, and approval — producing a complete CDD record for AUSTRAC compliance. Supports all eight entity types with type-specific steps and screening requirements.
Add Group Entities
A dedicated wizard for creating Client Group records — launched from the + Add New Client button on the Clients screen by selecting the Client Group type. Allows you to establish a group structure and assign member entities in a single workflow.
Wizard steps:
|
1
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Group Details — enter group name, colour (for badge display), assigned relationship manager, and optional description |
|
2
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Add Members — search and select existing clients or groups, or create new client records inline. Nested groups are supported; circular membership is prevented automatically. |
|
3
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Review & Save — review group details and member list, with a preview of the group's derived CDD status and risk rating before saving |
Once saved, the group appears as a row on the Clients screen. CDD is initiated per member from the Clients screen or the group entity page.
View Group
A dedicated group entity page showing all member entities, their individual CDD status, risk ratings, and renewal dates. Provides a consolidated view of the group's compliance position and allows CDD to be initiated for individual members directly. Specification in development.
CDD — Group
Group-level CDD orchestration, enabling a Compliance Officer to manage and track CDD progress across all entities within a client group from a single view. Specification in development.
Identity & Business Verification
BGL Identity Verification
Electronic identity verification for individual clients using BGL Identity Verification. Allows Compliance Officers to verify a client's identity during the CDD workflow without manual document handling. All tiers include document verification, PEP screening, and sanctions screening as standard.
| Tier | Price (ex. GST) | Includes |
|---|---|---|
| KYC — Enhanced | $7 per check | Document verification, PEP screening, sanctions screening |
| KYC — Adverse Media | $9 per check | Document verification, PEP screening, sanctions screening, adverse media screening |
| KYC — Complete | $10 per check | Document verification, PEP screening, sanctions screening, adverse media screening, biometric verification |
All prices exclude GST.
BGL Business Verification
Know Your Business (KYB) verification for legal entities, powered by BGL Business Verification. Supports the full KYB onboarding lifecycle across all supported jurisdictions and entity types:
- Identity and registration verification for companies, trusts, partnerships, SMSFs, associations, and government bodies
- Beneficial ownership mapping and UBO tracing through corporate and trust structures
- PEP, sanctions, terrorism financing, and adverse media screening
- CDD level determination (Simplified, Standard, or Enhanced) based on risk assessment
- Support for AU (AUSTRAC), NZ, UK, Singapore, and Hong Kong jurisdictions
KYB check pricing:
| Check type | Price (ex. GST) | Includes |
|---|---|---|
| Company — single verification | $31 per check | ASIC extract, AML screening, ACN/ABN lookup, ownership traversal, PEP & adverse media, credit data |
| Multi-level UBO — bundled report | $65 per check | Full ownership mapping, officers & directors, direct owners & UBOs, PEP screening, adverse media, credit data |
| Credit reports & adverse data | $28 per check | Credit score, 12-month payment history, insolvency notices, court judgements, payment defaults, ownership traversal |
| Trust — deed analyser | $22 per check | Trustee identification, beneficiary identification, trust structure analysis, AML screening, credit data, ownership traversal |
All prices exclude GST. Records retained for 7 years (AU) in line with AML/CTF Act obligations.
BGL Business Verification — Trust Deed Reading
Automated extraction of key data from uploaded trust deeds using BGL Business Verification — including trustee names, settlor, appointor, beneficiary class, and trust type. Reduces manual data entry during trust entity onboarding. Specification in development.
BGL Business Verification — ASIC Integration
Direct integration with ASIC to retrieve company and entity data during onboarding — including registered name, ACN/ABN, current directors, registered address, and company status. Eliminates the need to manually enter or upload ASIC extract data for Australian companies. Specification in development.
BGL Business Verification — ABR Integration
Integration with the Australian Business Register (ABR) to look up ABN details for sole traders, trusts, partnerships, SMSFs, associations, and government bodies. Pre-fills entity name and registration data at the point of client creation. Specification in development.
BGL Business Verification — UBO Integration
Automated Ultimate Beneficial Ownership (UBO) tracing via BGL Business Verification — mapping ownership and control chains through corporate layers, trusts, and partnerships down to natural persons, in line with the 25% threshold required by the AML/CTF Act and equivalent jurisdiction rules. Specification in development.
Billing
In-app subscription and billing management for Firm Verify. The pricing structure below reflects the published rates at launch. All prices exclude GST.
Software licence
| Rate | Billing | Minimum |
|---|---|---|
| $6 per entity / year | Usage billed monthly | 25 entities |
KYC checks (per check)
| Tier | Price | Includes |
|---|---|---|
| KYC — Enhanced | $7 | Document verification, PEP & sanctions screening |
| KYC — Adverse Media | $9 | KYC Enhanced + adverse media screening |
| KYC — Complete | $10 | KYC Adverse Media + biometric verification |
KYB checks (per check)
| Check type | Price | Includes |
|---|---|---|
| Company — single verification | $31 | ASIC extract, AML screening, ACN/ABN lookup, ownership traversal, PEP & adverse media, credit data |
| Multi-level UBO — bundled report | $65 | Full ownership mapping, officers & directors, direct owners & UBOs, PEP & adverse media, credit data |
| Credit reports & adverse data | $28 | Credit score, 12-month payment history, insolvency notices, court judgements, defaults, ownership traversal |
| Trust — deed analyser | $22 | Trustee & beneficiary identification, trust structure analysis, AML screening, credit data |
All prices exclude GST. For the most current pricing, visit firmverify.com.au.
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