Persona powers AML and CTF compliance for banks and fintechs worldwide. Use the same platform to meet Tranche 2 requirements: verify customers, screen watchlists, monitor ongoing risk, and meet AUSTRAC's seven-year record retention requirement. Get up and running before your 1 July deadline — no engineering needed.
Why Tranche 2 entities choose Persona
AML/KYC platform for AUSTRAC requirements with the simplicity and speed Tranche 2 entities need.
Meet the July 1 deadline without hiring developers
Get up and running in days, not months. No engineering team or API integration needed — send verification links to clients, and Persona handles the rest.
Verify clients without disrupting your workflow
Clients complete verification on their own device via a secure link. No manual document collection means your team stays focused on their work.
Get the core verification capabilities AUSTRAC requires
One easy-to-use platform for identity verification, watchlist and PEP screening, ongoing monitoring, and automatic seven-year audit trails.
Use cases
Easily meet Tranche 2 compliance requirements
Precious metals dealers Toggle description visibility
Send a KYC link to customers before high-value transactions and run sanctions screening automatically.
Real estate agents Toggle description visibility
Send a verification link to buyers and sellers, verify purchasing entities and UBOs for company or trust transactions, and keep a compliant record of every deal.
Accountants Toggle description visibility
Onboard clients with lightweight KYC workflows, run ongoing monitoring and re-verification, and screen for sanctions and PEPs.
Law firms Toggle description visibility
Verify client identity before property transactions or trust formation, run watchlist and PEP screening, and maintain audit-ready case records for AUSTRAC.
Persona is a Leader in the 2025 Gartner® Magic Quadrant™ for Identity Verification
Persona is ranked 1st out of 11 vendors across five Use Cases* (Risk Mitigation, Consumer, Accessibility, Data Control, and Automation) and 2nd in the remaining Use Case, Workforce, in the 2025 Gartner® Critical Capabilities for Identity Verification report.
We're excited to learn more about your business and show you how Persona can help you meet compliance, convert users, and fight fraud.
