AML Screening Software Built for AUSTRAC Compliance

AML Screening Software Built for AUSTRAC Compliance

Eliminate up to 99%+ of false positives, compared with legacy name-based screening platforms.

VITAL4 is the AML screening platform purpose-built for AUSTRAC Tranche 1 & 2 reporting entities. Unlike LSEG World-Check, LexisNexis, Dow Jones Risk and ComplyAdvantage — which license third-party data and charge a mark-up on someone else’s information — VITAL4 collects directly from verified government sources. Eliminate up to 99%+ of false positives, compared with legacy name-based screening platforms. Transparent pricing from $500 AUD per month.

30 complimentary searches included · Cancel anytime

Start Your Free Trial – $500 AUD/month
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Australia’s AML/CTF Reforms: Is Your Business Ready? Get the Free AUSTRAC Guide

 

Tranche 2 businesses now have AML/CTF obligations, and Tranche 1 entities face tighter rules. Vital4, FraudNet, and Veresure are publishing a free five-part guide to screening, detecting, and investigating financial crime under AUSTRAC.

Get the free AUSTRAC guide

Built for Tranche 1 and Tranche 2 Reporting Entities

Whether you’ve reported to AUSTRAC for years or are building your first AML/CTF programme, Vital4 gives you one browser-based place to screen customers and keep the evidence.

Tranche 2 entities. Lawyers, accountants, conveyancers, real estate agents, and trust and company service providers. New to AUSTRAC? Start with a simple, explainable screening process and a clear monthly cost.

Tranche 1 entities. Financial institutions, remitters and gambling providers. Replace manual or legacy screening with direct-source data and fewer false positives.

The 750-search plan covers about 250 clients across all three products, or 750 clients against one product.

Why Are Compliance Teams Switching to VITAL4?

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FALSE POSITIVE REDUCTION

Stop Chasing Ghosts.

Legacy platforms — World-Check, LexisNexis, Dow Jones and ComplyAdvantage — rely on name- matching against licensed databases, generating false positive alerts that consume analyst time and mask real risk. VITAL4’s patented Contextualized Entity Extraction (US Patent No. 12,481,667 B2) ties negative context in adverse media to the specific person or organisation, not to everyone named in the article. Eliminate up to 99%+ of false positives, compared with legacy name-based screening platforms. Every alert your team reviews is worth reviewing.

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AUDITABLE DATA PROVENANCE

AUSTRAC Ready

When AUSTRAC examines your programme, they will ask where your data came from and when it was verified. Legacy vendors license data from third-party aggregators — introducing provenance gaps that are hard to explain to a regulator. VITAL4 collects PEP, Watchlist and Sanctions data directly from verified government and regulatory sources. Every result is traceable to its original authority and timestamp.

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CUT AML SOFTWARE COSTS

Pricing built on data we own

LSEG World-Check, LexisNexis, Dow Jones Risk and ComplyAdvantage charge a mark-up on data they have licensed from third parties. You are paying for their margin on someone else’s data, plus usage-point complexity, per-alias fees and mandatory annual contracts. VITAL4 owns its entire data pipeline. $500 AUD per month. Published. Transparent. No surprises.

How VITAL4 differs from the typical market approach

VITAL4 Typical Market Approach
False Positives Up to 99%+ reduction in false positives compared with legacy name-based screening platforms. Name-based matching that returns every record or article sharing a name, leaving analysts to clear the noise.
Watchlist & Sanctions Data Vital4WLS is sourced from the issuing government body directly, not licensed from an aggregator, across thousands of primary government published sources. Most providers in this market license or re-publish aggregated third-party feeds, which puts a layer between the issuing authority and the result.
Update Speed Typically seconds to low minutes from official publication for sanctions and watchlist sources. An intermediary refresh cycle sits between the authority’s publication and the screening result.
Adverse Media Patented Contextualized Entity Extraction (US Patent No. 12,481,667 B2) ties negative context to the specific subject. Analysts see every article where the subject is the adverse actor, with the negative concept highlighted in the text. Keyword or name matching across the whole article, so articles that merely mention the name are returned.
Monitoring Vital4Smart Monitoring: a result your team has already remediated is not presented again unless new identifying data warrants a re-check. Static monitoring re-presents previously cleared results at every cycle.
Getting Started Operational within 24 hours. Browser-based, with no API integration required. Onboarding commonly runs as an IT-led implementation measured in weeks.
Pricing $500 AUD per month for PEP, sanctions and adverse media screening: 750 searches, billed monthly, cancel anytime. 30 complimentary searches to start, no credit card required. Pricing commonly quoted on request or tied to annual or multi-year commitments.

How Vital4 Supports Your AUSTRAC Obligations

AUSTRAC Expectation What It Means in Practice How Vital4 Supports It
Initial customer due diligence Identify and screen customers, and their beneficial owners and controllers, before providing a designated service. Search PEP, sanctions (including the DFAT Consolidated List) and adverse media in one browser-based screen.
Ongoing due diligence Keep customer risk current, so new listings and appointments are caught after onboarding. Ongoing monitoring that doesn’t re-present remediated results unless new identifying data warrants it.
Enhanced due diligence for higher-risk customers Look closer at PEPs and other higher-risk customers, and document the outcome. 1.5 million+ Level 1 PEPs, plus millions of Level 2 and Level 3 relationships, from government sources worldwide. See PEP screening.
Sanctions compliance Screen against the Australian and international sanctions lists that apply. The DFAT Consolidated List, UN, OFAC, EU and UK lists, collected directly from issuing governments. List changes typically arrive within seconds to low minutes of official publication. See watchlist & sanctions screening.
Record keeping Keep evidence of what you checked, when, and what you found. Every screen logged with source, timestamp and result, with exports ready for AUSTRAC examination.
Suspicious matter reports Report suspicion to AUSTRAC when it forms. Sourced evidence to support the analyst’s decision, including adverse media that ties negative context to the right person. Screening supports the report; it doesn’t file it.

 

Everything Your AUSTRAC Programme Needs.

Data-Driven Solutions

PEP Screening

Over 1.5 million Level 1 PEPs, plus millions of Level 2 and Level 3 relationships, drawn from primary government published sources worldwide. Built from official government sources and enriched by patent-pending relationship extraction from global media, so newly appointed officials and their networks can surface before official records catch up.

Learn More about Vital4 PEP Screening

Watchlist & Sanctions Screening

Vital4WLS continuously scans thousands of primary government published sources worldwide — watch lists, sanctions and exclusions — every one of them active, and every one read directly from the issuing body. Coverage includes the DFAT Consolidated List alongside UN, OFAC, EU and UK HMT/OFSI lists, with many of the world's most critical sources live within seconds of publication.

Learn More About Vital4 Watchlist & Sanctions Screening

Adverse Media Screening

You see every article where your subject is the adverse actor, with the negative concept highlighted in the text so your analyst can review it at a glance. Eliminate up to 99%+ of false positives, compared with legacy name-based screening platforms. — only genuine compliance risks surface. Included in base plan (unlike World-Check).

Learn more about Vital4 Adverse Media Screening

750 Searches per Month

Use across all three products as needed. Screen 250 clients across all three, or 750 clients against a single product. No usage-point complexity.

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Browser-Based SaaS — No IT Required

Log in, search, screen. No API integration required. No software to install. No IT project. Operational within 24 hours

Learn More About Vital4 SaaS

Full Audit Trail for AUSTRAC

Every screen logged with source, timestamp and result. Export-ready for AUSTRAC examination. Full data provenance — every result traceable to its original authority.

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Delivered in Partnership

with VERESURE

 

Veresure is an Australian integrity and compliance advisory business specialising in conduct risk and technology-driven solutions across the APAC region. Where VITAL4 provides the screening platform, Veresure helps organisations design and implement the programme that surrounds it — ensuring compliance goes beyond tick-box obligations and delivers real outcomes for AUSTRAC reporting entities.

Guy Underwood, Veresure: Former Head of AML and Financial Crimes at Bank of Queensland with over 30 years industry experience in compliance, governance and risk management. Has worked extensively with financial institutions in meeting their regulatory and compliance obligations, as well as providing risk related advice to Boards and Business Owners of organisations of all sizes across all sectors.

 

LEARN MORE ABOUT VERESURE

Ready to Replace Your Current AML Platform?

Operational within 24 hours.

 

$500 AUD/month

 

 

✓ PEP Screening   ✓ Sanctions & Watchlists   ✓ Adverse Media   ✓ 750 Searches/month   ✓ 30 Free Searches to Start   ✓ Full Audit Trail

 

 

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Book a 30-minute Onboarding Call

 

30 complimentary searches, then $500 AUD/month · Cancel anytime.
Group onboarding calls run every two weeks. Register above and we’ll send you the next available session. Supported by Veresure for Australian clients.

FAQs

The AML/CTF Act doesn’t prescribe a product, but reporting entities of any size need a reliable, documented way to check customers against sanctions, PEP and adverse media sources and keep records. Software makes that repeatable and auditable, especially for firms without a dedicated compliance team.

You check customers, and their beneficial owners and controllers, against the DFAT Consolidated List at onboarding and again when the list changes. Any possible match is reviewed to confirm or clear it, and the result is recorded. Ongoing monitoring catches new listings after onboarding.

Name-only matching returns every record or article that shares a name. Context-aware screening ties negative information to the right person and uses identifiers such as date of birth and nationality. Fewer false positives means less analyst time and fewer missed real risks.

Run the same sample of customer names through each provider, including names you’ve already cleared. Compare matches found, false positives, source traceability and how quickly list changes arrive. A free trial or proof of concept on your own data is the best evidence.

Vital4’s AUSTRAC plan is $500 AUD per month, billed monthly with no mandatory annual contract, and includes 750 searches across PEP, sanctions and adverse media screening. A free trial starts with 30 complimentary searches and no credit card, and the platform is browser-based and operational within 24 hours.