Does easyAML's KYC satisfy ARNECC VOI requirements?
Yes, a single verification covers both AUSTRAC (AML/CTF) and ARNECC (property settlement) standards; the platform is built on Scantek's ARNECC-compliant VOI technology of around 7 years.
Yes - a single verification covers both AUSTRAC (AML/CTF) and ARNECC (property settlement) requirements. The platform is built on Scantek's identity verification technology, which has been conducting ARNECC-compliant VOIs for around 7 years - the ARNECC compliance is mature, not a recent bolt-on.
The difference between the two regimes:
- AUSTRAC requires identity verified to a reliable-and-independent-source standard. For most matters one government-issued photo ID suffices.
- ARNECC (the body governing the Verification of Identity standard used in Australian property settlement) requires a minimum two government-issued documents following the Verification of Identity Standard - typically passport + driver's licence, or other ID document combination, depending on the category.
What the customer sees. A single VOI link, a single capture session, and a single verified result. From the customer's perspective there's no extra step for the ARNECC layer.
What the audit record contains for a property transaction:
- Both ID documents captured and validated.
- DVS verification on each.
- Biometric facial comparison and liveness.
- Signature capture (ARNECC requirement).
- PEP / sanctions / adverse-media screening (AUSTRAC requirement).
- A signed VOI certificate referencing the ARNECC standard.
PEXA workspace compatibility. The completed VOI is acceptable for upload to PEXA workspaces; PDF export for PEXA upload is supported.
For the ARNECC framework see the ARNECC Verification of Identity Standard. For AUSTRAC's side, see Overview of initial customer due diligence.