Insurance
Insurers use our data to verify policyholders, keep contact records current and look deeper when a claim doesn't add up. Life insurers also carry AML/CTF obligations, which WatchEye handles.
What the regulator requires of you
Life insurance and investment products are designated services under the AML/CTF Act; general insurance is outside it. These apply to the life side of the business.
Identify your customers
Applicable customer identification before the service is provided, with extra scrutiny for politically exposed persons and higher-risk customers.
Screen against watchlists
Checks against sanctions lists and PEP data, at onboarding and whenever lists change.
Report suspicious matters
SMRs within 24 hours for suspected terrorism financing, 3 business days for other suspicions. Threshold transactions of A$10,000 or more within 10 business days.
Maintain an AML/CTF program
A documented, board-approved program with a risk assessment, a compliance officer, staff training and periodic independent review.
How our products cover this
The API covers policy and claims systems; Caspar and WatchEye cover the manual work.
Verification and enrichment inside policy systems
Verify a policyholder at quote or claim time, refresh contact details on renewal, and check deceased status before correspondence goes out.
- check_circlePer-field identity verification
- check_circleContact detail refresh on existing books
- check_circleDeceased status in the same call
Caspar
Investigation searches when a claim needs a closer look: addresses, linkages and court records.
Read morearrow_forwardWatchEye
The AML/CTF program for the life side: identification, screening and monitoring with the records kept.
Read morearrow_forwardAustralian Death Check
Official death records, checked before claims decisions and mail-outs.
Read morearrow_forwardUse cases for this sector
Problem-by-problem walkthroughs, with the products and data behind each.
Deceased suppression
Stop correspondence to deceased policyholders and catch identity misuse in claims.
Read morearrow_forward account_balanceFinancial crime management
The screening and evidence trail behind fraud and financial-crime review.
Read morearrow_forward contact_phoneContact data validation
Keep policyholder phone, email and address records current.
Read morearrow_forwardThe data behind the checks
Full list, with update cycles, on Our data sources.
Australian consumer data
Names, addresses, dates of birth and contact details, updated daily.
Australian Death Check
Official registry death records, used to catch stolen identities of deceased persons.
Document Verification Service (DVS)
Government-issued IDs checked against the issuing agency: licences, passports, Medicare cards and 11 more document types.
Court judgements & property records
Judgement and property movement data used in Caspar searches to place a person and their assets.
Other industries
Sectors with overlapping obligations and similar setups.
Banking & Finance
Customer verification, data enrichment and risk assessment for lending and onboarding teams.
Read morearrow_forward assured_workloadAML/CTF Reporting Entities
AUSTRAC-aligned onboarding, screening and monitoring for bookmakers, bullion dealers, pubs, clubs and RSLs.
Read morearrow_forward domainIdentity Verification Providers
API access to daily-updated Australian data for identity providers entering or serving the Australian market.
Read morearrow_forwardTalk through your data needs
Tell us where your policy and claims data lets you down and we'll say plainly what we can verify, refresh or investigate.