The Financial Advice Association Australia (FAAA) has today launched FAAA SafeID, a new digital client-identification platform built to help advisers meet rising AML/CTF obligations. Supported by KordaMentha, FAAA SafeID gives practitioners a simple, secure and efficient way to verify clients and generate compliance-ready reports.
FAAA SafeID provides real-time identity checks, politically exposed persons (PEP) and sanctions screening. It also generates standardised reporting that product providers can rely on when onboarding clients. The platform removes the long-standing burden of certified copies, manual document handling and storage, helping firms streamline onboarding and reduce operational risk.
Sarah Abood, CEO of FAAA commented on the launch: “This is a major step forward for our profession, helping financial advisers to meet their client identification requirements with a secure digital solution that is compliant by design. We are proud of what we have been able to achieve in our collaboration with KordaMentha, who bring a wealth of expertise in the financial crime prevention space. FAAA SafeID offers a scalable enterprise-grade solution to advisers in businesses of all sizes.”
With significant AML/CTF reforms taking effect in 2026, advisers and professional services firms are facing a new and wider set of obligations. The launch of FAAA SafeID means businesses can adapt to these changes with confidence. By combining strong security, a clear audit trail and a user-friendly process, the platform supports firms in meeting their compliance responsibilities without slowing day-to-day operations.
KordaMentha is driving an industry-first approach with FAAA SafeID, which reflects our sustained commitment to helping businesses translate regulatory change into pragmatic, scalable solutions. Backed by the peak industry body and supported with forensic-grade technology and knowhow , we’re able to deliver a tool that meets real-world business needs with confidence and scale.
“FAAA SafeID is not just another compliance tool, it’s a practical solution to a growing challenge,” said KordaMentha partner Alice Saveneh-Murray. “At KordaMentha, we believe compliance should protect businesses, not hinder them. With FAAA SafeID, firms can stay ahead of regulatory change without compromising the client experience or their operational agility.”
FAAA SafeID has been designed to meet the highest standards of data security, reliability and usability, laying a robust foundation for firms navigating the expanding AML/CTF landscape. What this means for businesses and advisers:
- Faster, more efficient client onboarding – no more manual certifying and filing of ID documents.
- Real-time identity verification, PEP & sanctions screening and a compliance-ready report.
- Stronger protection for firms’ reputations through secure, auditable, cyber-hardened processes.
- Ease of compliance with upcoming AML/CTF reforms across multiple adviser-facing professions.
