Best Tranche 2 Compliance Software in Australia (2026 Comparison)

Who this comparison is for

This page is for accountants, conveyancers, lawyers and real estate agents who are choosing software for customer due diligence under Australia's Tranche 2 reforms. It compares tools only. For what Tranche 2 requires and when, read the Tranche 2 explainer; for the regulator's current position, see AUSTRAC.

ScreenlyyID at a glance. Built for small and mid-sized Tranche 2 firms that want to verify clients remotely and screen them for sanctions and PEP status through a self-serve account. Starting price: see the live figure on /pricing/ (we do not repeat it here so it cannot go out of date). First client verified in minutes.
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How we compared the tools

We use criteria that matter to a firm onboarding tens of clients a year rather than thousands:

1. Client verification: electronic ID verification (eIDV) against data sources, document check plus selfie, and whether government document verification is offered.
2. Beneficial ownership: can the tool handle companies and trusts, or only individuals?
3. Screening: sanctions and PEP checks, with the list sources stated, and whether monitoring continues after onboarding.
4. Records: a time-stamped, exportable record of each check and its outcome.
5. Program help: templates or guidance for your AML/CTF program, or none.
6. Price and setup: published pricing, a free trial, time to first check, and integrations.

A note on evidence. We have not independently verified the current features or prices of other vendors, so we do not put unverified claims about named competitors in a table. Vendors change plans often. The table below states what we can say about ScreenlyyID and gives you the question to put to every other vendor. Where a vendor's own public site does not state something, treat it as "not stated" until they confirm it in writing.

The tools Tranche 2 firms are choosing between

Searches and firm conversations tend to turn up four kinds of product. Names you are likely to meet include NameScan, VerifiMe, and sector tools such as amlhub, amlshield, simpleaml, agentsafe and overseer, plus options connected to accounting or credit-bureau platforms. Check each on its own site, because the categories below are general patterns, not claims about any one vendor.

Comparison table: ScreenlyyID against the criteria

Last verified: 2026, from ScreenlyyID's own product pages and pricing page. Use the right-hand column as your questions for any other vendor.

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Best for: picks by firm type

Sole accountant or small practice

Prioritise low setup effort and a price that suits a few dozen onboardings. A sector tool with guided forms and program templates may fit better if you have no compliance staff. If you already have a program and want remote verification and screening you can start in minutes, ScreenlyyID is a reasonable fit. See AML software for accountants.

Small real estate agency

Buyers and sellers are often not in the room, so remote document and selfie checks matter, as does a clear record per transaction. Sector tools built around agency workflows may suit you if you want one place for forms and files. See AML software for real estate.

Law firm or conveyancer

Client structures are more often companies and trusts, so test beneficial ownership and trust handling closely. Because we do not state a dedicated company-structure tool, a vendor with strong KYB may fit better here. We can cover verifying and screening each individual. See AML software for law firms and conveyancers.

Higher-volume or multi-office firm

API access, role controls and per-check pricing at scale matter most. An API-first platform lets you build verification into your own onboarding. Ask any vendor about volume pricing and monitoring.

How to choose: questions to ask before you buy

• Can a client be verified on a phone without visiting the office?
• Which sanctions and PEP lists are screened, and is DFAT's list included?
• What happens with a company, trust or foreign client?
• Can I export a record of each check, including the method and result, for AUSTRAC review?
• Is pricing public? What is charged per check, per user, or per month?
• Where is client data stored, and can I read the vendor's security and privacy terms?
• What does the tool not do, and who covers that gap?

A tool supports your obligations; it does not discharge them. Your AML/CTF program, risk assessment and reporting remain yours. If you are not sure what applies to you, use the Tranche 2 scope check and the compliance checklist.

Try ScreenlyyID on a real client check

Run a verification and a screening on a test client, then judge the record against your own checklist. Pricing is on the Tranche 2 pricing page; the full Tranche 2 offer is on the Tranche 2 compliance software page.

Last reviewed: 2026. This is general information, not legal advice. Tranche 2 requirements and AUSTRAC guidance change, so check the current rules with AUSTRAC or legal counsel. Competitor features and prices should be confirmed on each vendor's own site before you buy.