BGL provides KYC/AML compliance screen with BGLiD

BGL Corporate Solutions have announced a raft of Anti-Money Laundering/Customer Due Diligence (AML/CDD) features in its CAS 360 company, trust and KYC/AML/CDD management software.

Unveiled at BGL REGTECH 2025 in Brisbane on Tuesday 5 August 2025, these new features include a Compliance Screen to help CAS 360 clients prepare for and comply with upcoming AUSTRAC reporting obligations, which will take effect on 1 July 2026.

“BGL is committed to helping our clients stay ahead of regulatory change,” said Warren Renden, General Manager — CAS 360, BGLiD and UK. “We have been working on KYC/AML/CDD features for all CAS 360 jurisdictions and it’s exciting to bring these great features to BGL Australian clients.”

The KYC/AML/CDD Compliance Screen enables firms to collect and record essential due diligence information for companies and trusts, including:

• Nature of business relationship and source of wealth.
• Risk assessments, notes and supporting documents.
• Contacts connected to officers, shareholders and beneficial owners.
• Risk review workflows with secondary reviewer support.

The new feature will integrate directly with BGLiD, BGL’s identity verification solution and feed into enhanced CAS 360 compliance reports and smart alerts to further streamline compliance.

Already available in BGL’s international CAS 360 platforms for New Zealand, Singapore and the United Kingdom, this feature reflects BGL’s continued focus on regulatory innovation and automation.

“We’ve taken the proven tools from our international jurisdictions and enhanced them to support Australia’s upcoming reporting obligations,” continued Renden. “It’s all about giving our clients the tools they need to simplify and strengthen their compliance processes.”