Australian KYB is well-served by the Australian Securities and Investments Commission (ASIC), which runs a national register keyed to the ACN (Australian Company Number) and the broader ABN (Australian Business Number) system. The proprietary limited company (Pty Ltd) is the dominant form. The Director Identification Number regime has strengthened director accountability, while public beneficial-ownership data is still maturing.
Business verification (KYB)
First Mile Labs retrieves the ASIC record by ACN/ABN — company status, registered address, and directors with their Director Identification Numbers — and reconciles it against the application form. Where beneficial ownership is not fully disclosed in the register, the platform supplements with document-based verification and follows ownership through Australian holding structures where the data allows.
Identity verification (IDV)
Australian directors and beneficial owners are verified using the Australian passport or driver licence, with document authentication, liveness, and face-match. Australia's Document Verification Service-style checks are supported, and the Medicare card is accepted as a supplementary identity document under the common 100-point framework.
Sanctions, PEP & adverse media (AML)
Australian entities and individuals are screened against the DFAT consolidated sanctions list, UN, OFAC, and further watchlists, with PEP and adverse-media checks running continuously and feeding the shared risk model.
From our compliance team
Australia's director data is genuinely strong now that Director Identification Numbers are in force, but the country still lacks a mature public beneficial-ownership register. We make full use of the ASIC director record and the DIN regime to lock down who runs the company, while treating ultimate ownership as something to evidence directly rather than read straight from the register.
Australia onboarding — FAQ
What are the ACN and ABN?
The ACN identifies a registered company and the ABN identifies a business for tax and broader dealings. First Mile Labs uses them to retrieve the ASIC company record — status, address, and directors.
What is the Director Identification Number regime?
It assigns each Australian director a unique, verified identifier, strengthening accountability. The platform uses DIN-backed director data to confirm who runs the company.
How is Australian beneficial ownership handled?
Public ownership data is still maturing, so the platform supplements ASIC data with document-based verification and follows ownership through holding structures where the data allows, flagging gaps for review.
Coverage in other markets
Onboarding customers in Australia?
Book a demo and we'll walk you through a full Australia case — registry, identity, screening, and decision.
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