AML/CTF Requirements: What Trustdeed users need to know?

Important Product Update | Released: 26/06/2026 | Read: 5 Mins

 

Once we receive an order to create any of the below entities = you are required to make certain checks with Australia's AML/CTF reforms commencing on 1st July 2026, many businesses and professionals will face new client due diligence and verification obligations. These changes form part of Australia's ongoing efforts to combat money laundering, terrorism financing and other financial crimes while strengthening the integrity of the financial system.

 

As a practical compliance solution, trustdeed.com.au is planning to provide complimentary AML/CTF identification and verification of associated parties for entities created on our platform (Including amendment to these entities - adding a member of an SMSF or Shareholders etc)

- Company, 

- SMSFs, 

- Disc. Trusts,

- Unit Trusts,

- Bare Trusts.

for helping professionals meet their obligations efficiently and with confidence. Many of our services such as SMSF Trust Deed update or Pension documents do not require these checks.

 

Our complimentary service is being built - once built we will offer these checks and one year of AML/ CTF monitoring as part of our service fee - there will be no extra charge for this service. 

 

PLUS you will be able to buy future monitoring on our system at the lowest price in Australia. The system will be fully automated and will alert you of any breaches.

How will this work?

 

Option 1: When you complete your client verification requirements independently (on your own on a 3rd Party Solution) . 

I / we confirm that an independent satisfactory Verification of Identity (VOI) and Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) screening have been successfully conducted in accordance with the Tranche 2 guidelines set by AUSTRAC for all associated directors, members / shareholders of the proposed company, and I / we hereby authorize Deed Dot Com Dot Au Pty Ltd  to proceed with the registration of this company.

Once our Complimentary Service is built - then you will have two Options - Option 1 as stated above and Option 2 - our Free TDIDCHECK.com.au option 

 

Option 2:  Do you want TDIDCheck.com.au to verify your clients ID / AML / CTF for Free ?

At the time of establishing a Company, SMSF or trust entity, you can opt for TDID Check.com.au to conduct the required AML/CTF screening for ALL relevant parties associated with the order. Once the verification requirements have been satisfied, we will proceed to set up the entity.

 

Benefits:

 

• We verify your clients directly through our TDID check system.
• Data verification matching will be conducted as primary check.
• In some instances, further verification might be required.
• Upon successful verification, your application will be processed.
• No additional charges will apply for TDID checks if the application is processed through us.
• TDID check system will monitor your client's AML/CTF for 1 year from date of initial verification and notify you of any apparent match with the databases. 

What is our current position? 

Currently Option 1 is only available

 

We are currently developing a solution that will allow you to verify your clients at no additional cost when establishing a company, SMSF or trust through our platform. This functionality is currently under development, and we look forward to providing further updates as progress is made.

 

We expect to provide an update within the next 6 to 8 weeks. Once built AML / CTF and Identity checks will be submitted through your current registered and verified Trustdeed.com.au account - like you are doing today.   

 

We will have videos on how our system will work and what happens after you send TDID Check to your clients. 

 

What the free service will do: 

1) You will be required to capture email address of all your clients - Directors / named Beneficiaries of Disc. Trust and all Unit holders

2) Email will go out to clients to do the Identity Verification - this email can be sent via your email ID as well - you will need to update your SMTP details on your account with us - we are still building this page for you

3) The entity will not be created till all parties have successfully identified themselves

4) There could be a delay in your clients completing these checks - hence entities will sit in a new area for ID's to be verified - you will be able to send them reminders

5) Once the ID is successfully verified and the entity created - a dashboard with a list of clients will monitor AML / CTF breaches for you for one year.

 

Remember we will cover you for only one year, for future years you will have to subscribe to our services.

 

We plan to run many webinars to make you familiar and we are training our support team to assist you. In the mean time if you have any questions about how these changes may affect your services or clients, please contact us on 02 9684 4199.

Visit www.trustdeed.com.au for more details or call us on(02) 9684 4199

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