AML/KYC Solutions for Digital Asset & Payment Providers

AML Smart Guard provides AML/KYC screening for digital asset exchanges, wallets, payment service providers, and stablecoin or token platforms, combining orchestrated identity verification, sanctions and PEP screening, travel-rule-ready data capture, and behavioural transaction monitoring tuned to crypto-specific typologies such as chain-hopping and mixer use.

What AUSTRAC expects from digital asset and payment providers

From 1 July 2026, AUSTRAC treats virtual asset exchanges, wallet providers, and payment service providers as reporting entities. AML Smart Guard’s platform runs on the LexisNexis® RiskNarrative® Platform, configured for AUSTRAC’s virtual-asset rules, covering the specific obligations below rather than a generic AML checklist:

Detailed money-laundering/terrorism-financing (ML/TF) risk assessment specific to the asset types handled.
An integrated AML/CTF program covering onboarding through to reporting.
Initial and ongoing customer due diligence (CDD).
Travel-rule data capture and screening for transfers between providers.
Monitoring for structuring, chain-hopping, and mixer-related typologies.

AUSTRAC enrolment

Confirming which designated services apply

A named compliance officer

With board-level accountability with appropriate senior management oversight.

A written, risk-based AML/CTF program

Built from a documented ML/TF risk assessment.

Customer due diligence (CDD)

Carry out customer due diligence (CDD) and enhanced CDD (ECDD): Identify and verify customers and beneficial owners before or at the time of providing designated services, understand the purpose and nature of the relationship, and apply additional checks for higher‑risk situations (for example PEPs, high‑risk countries, complex or opaque structures, unusual transactions).
Keep records: Make and retain records of CDD, transactions, risk assessments, program documents, training and AUSTRAC reports for at least 7 years, in a form that can be produced promptly on request.

Ongoing due diligence

Monitor customers and transactions on an ongoing basis: Monitor business relationships and transaction activity to detect unusual or suspicious patterns, update risk ratings when circumstances change, and use that monitoring to decide when to apply ECDD or exit relationships.

Reporting suspicious matters

Report to AUSTRAC: Lodge suspicious matter reports (SMRs) when you suspect a person or transaction may be linked to crime or terrorism financing, and submit any other required reports (for example threshold transactions, international funds transfers or sector‑specific returns) within statutory timeframes.

Sector-specific coverage

Business type	What AML Smart Guard does
Exchanges	LexisNexis® RiskNarrative® risk engine configured for AUSTRAC virtual-asset rules; travel-rule compliance; monitoring for structuring, chain-hopping, mixers
Wallets & PSPs	Single view across payment rails; embedded CDD via API-first KYC; configurable alerts for unusual spend patterns
Stablecoin & token platforms	Product-specific risk assessments; governance controls; training and lifecycle support

Which plan is right for me?

If your business is…	Start here
An exchange handling fiat on/off-ramps	Standard or Scaled plan, travel-rule screening switched on from day one
A wallet provider or PSP with high transaction volume	Scaled or Enterprise, for the higher monthly CDD screen allowance
A stablecoin or token issuer still defining its risk profile	Flex/Bespoke, to right-size the program before committing to a tier

Across AML Smart Guard’s real estate client base, around 20% of financial transaction monitoring volume already feeds directly into our risk decisioning engines, supporting ongoing monitoring. Suspicious Matter Report (SMR) exposure sits at roughly 4%, evidence the program is doing its job.

Frequently asked questions

Can’t find the answer that you’re looking for? Get in touch with us.

What should digital asset firms focus on when designing an AML program?

Start with a risk assessment specific to the asset types and transaction rails you actually handle, not a generic template; then build CDD, travel-rule data capture, and monitoring rules around that risk profile.

What does AUSTRAC enrolment and build look like for a digital asset business?

Confirm which designated services apply, appoint a compliance officer, complete AUSTRAC enrolment, then customise the AML/CTF program against your specific product (exchange, wallet, or token platform).

What does live CDD and monitoring look like day to day?

Identity and sanctions screening at onboarding, ongoing monitoring against ~100 AUSTRAC-aligned rules, and escalation of anything matching structuring, chain-hopping, or mixer-related patterns.

Do I need travel-rule compliance if I only operate domestically?

Yes. For virtual asset service providers, the travel rule can apply to transfers of virtual assets, whether domestic or international. The exact requirements depend on your role in the transfer and the type of transaction.

Does this replace my existing exchange’s compliance officer?

No, it supports them with tooling and monitoring; AUSTRAC still expects a named, accountable compliance officer at the business.