How PEXA Clear AML compliance works

PEXA Clear brings clarity to the complexity of AML/CTF compliance, to help your business transition with ease.

PEXA Clear helps you focus on what matters

PEXA Clear helps real estate agents and conveyancers get on with business by providing seamless, intuitive AML & CTF compliance checks during property transactions. Our advanced beneficiary ID and funding verification processes go beyond basic info matching to unlock smarter client insights, without slowing you down. You can keep moving with confidence knowing your AML checks are compliant, accurate and completed fast.

1. Verify identity

Captures and verifies your client’s identity, usually via a selfie matched to their uploaded government-issued ID.

2. Know Your Client (or Business)

Confirms your client’s government issued ID exists using Australian 2+2 standards (2 pieces of information from 2 independent data sources).

3. Screening

Cross-references against local and international data sources to help detect potential connections to criminal activity.

4. Identify risk

Uses the collected client and property information to assess the overall risk level of the transaction and shows the reason for the rating.

5. Resolve risk (guided next steps)

When a risk is identified, you’re guided through actions to mitigate it, for example what to request or document, and when to consider escalation steps including submitting a Suspicious Matter Report (SMR).

6. Reporting & audit

Captures checks, evidence and why decisions were made, helping support annual and ad-hoc AUSTRAC reporting and giving you a clear audit trail if you ever need it.

What you get at the end of each check

A risk rating that considers the client and the property context
The key risk drivers (what triggered the rating)
Recommended actions to resolve risk, with prompts you can follow
Continuous monitoring of changes that may impact the risk rating, at no extra charge
A record of findings you can retain for reporting and audit

Built with FrankieOne. Designed for property.

PEXA Clear combines PEXA's deep understanding of property transactions with FrankieOne's orchestration capability across identity and business verification to deliver a solution that's consistent, reliable, and fit for day-to-day use. It helps conveyancers, lawyers, and real estate agents meet evolving AML obligations with less friction and clearer guidance when risk requires attention.

Why choose PEXA Clear?

PEXA Group understands the pressures of the Australian real estate industry. Processing over 90% of property transactions every day on the PEXA Exchange, our digital tools are modernising the property landscape. PEXA Clear is built to add clarity, not complexity, to your business operations. It goes further than other AML providers by helping you manage the full AML risk lifecycle, including guidance through next steps and recommended actions.

How PEXA Clear is different:

Provides a clearer picture of client risk, with explanations
Platform from PEXA Group with vast expertise in digital innovation and e-Conveyancing
Secure information sharing in line with AUSTRAC rules
Custom-designed for Australian property transactions
Integrates with existing solutions so you can keep working your way
Provides guidance and next steps throughout the full AML risk lifecycle
Continually monitors risk right through to settlement
Compliance handled ongoing and all record-keeping done for you, in line with AUSTRAC reporting expectations

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