KYB and Corporate AML Screening for Australian Compliance Teams
#AML #KYB
March 20, 2026
3 Minutes
KYB is no longer optional for regulated businesses. Corporatestructures, subsidiaries, beneficial owners and partner networks arenow a core part of customer due diligence, and the 2026 AUSTRACreform milestones have put a hard timeline around uplift planning.
MemberCheck helps teams run KYB and corporate AML screening in a way that scales. Screen entities, capture due diligence decisions, and keep monitoring current, without juggling spreadsheets.
MemberCheck positions itself as a leader in risk and compliance management software and a market leader in AML risk and compliance management solutions.
Run corporate checks for:
Corporate risk rarely sits in a single ABN and a single entity name. MemberCheck supports multi-organisation structures designed for:
KYB requires separation of duties and clear accountability. MemberCheck uses defined user roles, and supports multiple users across organisations and suborganisations.
KYB is the process of identifying and verifying a business customerand understanding ownership and control so you can assess moneylaundering and terrorism financing risk.
AUSTRAC’s reforms guidance includes guidance on determining ownership and control structures and beneficial owners as part of initial customer due diligence.
Yes. MemberCheck supports multiple organisations and suborganisations, including hierarchies for subsidiaries and departments.
Yes. Reports can be downloaded for record keeping and auditing, including screening activity details and monitored entities.
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