Nagaris includes a full anti-money laundering / counter-terrorism financing (AML/CTF) module for Australian accounting firms. It manages the whole customer due diligence (CDD) journey - client onboarding declarations, identity verification, PEP/sanctions/adverse media screening, business verification and risk assessment - with a complete audit trail.
The AML module must be enabled for your organisation. If you don't see AML in the sidebar, contact support to turn it on for your firm. Access is also controlled per team member - see the article on controlling access to AML features.
Every AML check in Nagaris runs against an AML profile (also called an AML session). There are two kinds:
Individual (KYC) - Know Your Customer. Created for a contact (a person). Runs the full pipeline: onboarding form, identity verification, screening, risk assessment.
Business (KYB) - Know Your Business. Created for a business client (company, trust, partnership and so on). Runs a business verification check through CreditorWatch using the client's ABN or ACN, followed by a risk assessment. KYB is a separate add-on that also has to be enabled for your organisation.
Each profile has a reference number you can quote in file notes, and its own Overview, Risk Assessment and Timeline tabs. Individual profiles also have a Screening tab, and business profiles have a KYB tab. A profile's Overview also has a Download PDF button for generating a screening report you can save to your own records; once a profile reaches Completed, the step-by-step progress indicator is no longer shown there since the Completed badge already says everything is done.
A profile's CDD Status badge tells you exactly where the customer is up to. Hover any status badge in the app for the same explanations:
Not Started - AML/CDD has not been started for this customer yet.
Not Required - a staff member has recorded that AML/CDD isn't required for this customer, along with a reason. It's a deliberate decision rather than something Nagaris applies automatically, and it can be reversed at any time by starting AML onboarding (for a contact) or KYB (for a business client). See the articles on starting AML onboarding and running a KYB check for how to set and clear this status.
Pending Onboarding - the onboarding link has been sent and Nagaris is waiting for the customer to start.
Pending Verification - identity verification is in progress.
Verification Review - identity verification was flagged or declined (for example a low face match) and a reviewer needs to approve, re-verify or decline the client before CDD can continue.
Pending Screening - screening (PEP, sanctions, adverse media) is in progress.
Pending Assessment - screening is complete and the profile is awaiting a reviewer's risk assessment.
Completed - the AML/CDD process is complete.
Cancelled - the session was cancelled.
On a profile page a progress indicator shows the same journey as steps: Onboarding, Verification, Screening, Assessment, Complete for individuals, or the shorter KYB, Assessment, Complete for businesses. A profile marked Not Required shows a neutral "Not Required" pill instead, since it isn't a stage in that flow, and the indicator disappears once a profile is Completed.
Once a risk assessment has been saved, the profile carries a risk badge:
Low - standard customer due diligence applies.
Medium - consider enhanced monitoring.
High - enhanced customer due diligence (ECDD) required.
Not Assessed - no assessment has been completed yet.
Go to AML in the sidebar (under the Compliance group) to open the AML Compliance dashboard. It shows every AML profile in your organisation with summary tiles across the top:
Active profiles - open AML profiles.
In progress - pending AML profiles.
High risk - profiles assessed as high risk.
Review required - screening hits awaiting review. Click the tile to filter the list to just those profiles.
Overdue review or Due in 30 days - periodic reviews past their due date, or coming up. Click the overdue tile to filter to overdue profiles.
The table lists each profile's Reference, Subject (with a KYB marker under business subjects and an amber N to review badge when screening hits need attention), CDD Status, Risk, PEP, Sanctions, Adverse Media, Next Review (with a red Overdue badge when past due) and Created date, plus a download icon on each row for grabbing that profile's screening report PDF on its own. Clicking a subject's name opens the underlying contact or client; clicking the reference opens the AML profile.
You can filter by Search, CDD Status, Risk Level, Overdue and Review Required. When KYB is enabled a Type filter also lets you narrow to Individual (KYC) or Business (KYB) profiles. Not Required is available as a CDD Status filter for both individual (KYC) and business (KYB) profiles.
Tick the checkboxes on the table to select one or more profiles, or select every profile on the page and then Select all to include every profile matching your current filters, however many there are. With profiles selected, a bulk actions bar appears with a Download PDFs button: one profile downloads as a PDF, more than one downloads as a ZIP file of PDFs. See the article on AML record keeping for more on the download options.
You don't have to live on the dashboard:
The Contacts list shows AML and Risk columns and matching filters for individuals, and the Clients list shows the same for business clients (business profiles move through Not Started, Not Required, Pending Assessment, Completed and Cancelled).
A contact's page has an AML tab listing all of their AML sessions, plus an AML - Know Your Customer summary card. That card also lets you mark AML as not required for the contact - see the article on starting AML onboarding for an individual (KYC).
A business client's page has AML and KYB tabs. The AML - Know Your Business card on the AML tab has a matching Set as Not Required action - see the article on running a KYB check.
Screening for the PEP, sanctions and adverse media columns shows a dash until screening has been run at least once.
A Compliance Alerts page also exists in the app; it is currently marked Under Construction.
The identity verification provider for the AML module is Didit; results show Provider: Didit on the profile.
