GBG Response to AUSTRAC AML/CTF Reform Guidance released 17 Oct 2025

17 October 2025, SYDNEY, AUSTRALIA: As the most established identity verification RegTech provider in Australia, we have been at the forefront of compliance innovation for over a decade, trusted by major banks, financial services, superannuation, fintechs, telcos, wagering and gaming, government agencies, and other regulated businesses in Australia. Our solutions are purpose-built for the Australian market, tech owned and maintained in-country and fully aligned with AUSTRAC’s AML/CTF framework.

We meet and exceed every criterion outlined by AUSTRAC for engaging a RegTech partner:

Deep AML/CTF Expertise
Our platform is designed to address core obligations under the AML/CTF Act, including KYC and KYB onboarding, customer due diligence, and ongoing monitoring. We incorporate AUSTRAC’s compliance requirements into every workflow.

Industry Understanding
We serve over 800 organisations across 38+ industry sectors including banking, financial services, crypto, BNPL, wagering and gaming, payment platforms and remittances. We have a deep understanding of the unique operational challenges and regulatory risks each faces.

Seamless Integration
Our services integrate effortlessly with existing systems, enabling real-time identity verification, biometric checks, and automated risk screening without disrupting your operations.

Transparent Compliance Support
We clearly articulate how our solutions help you meet AML/CTF obligations, including limitations and best-practice recommendations. Our reporting tools are audit-ready, ensuring transparency for regulators.

Australian Jurisdiction Focus
Our technology is purpose-built for Australia, leveraging Document Verification Service (DVS) and local data sources, while also supporting global compliance needs for cross-border businesses.

Ongoing Support & Innovation
From implementation and training to continuous updates, we provide 24/7 support local support and deliver enhancements that keep pace with regulatory changes and emerging fraud threats.

Proven Track Record
With hundreds of businesses onboarded and millions of verifications processed annually, and 99.99% uptime of our solutions, we offer unmatched experience and reliability, helping business onboard customers quickly whilst reducing fraud risk.

Contact GBG for more information.