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Accounting and tax

Client verification that does not break tax season.

Since 1 July 2026, AUSTRAC obligations have applied to accountants, tax agents, and bookkeeping firms. ShareRing turns verification into a sixty-second client task so it clears the partner’s desk the moment engagement starts, no portal wrangling, no paper ID pass-around, no lost hours during EOFY.

Onboard the client. Keep the billable hours.

Set up your portal

ShareRing Me

A passport chip read, and the name the engagement opens against. Nothing the practice has to store.

Under a minute the first time. About two seconds at the next practice that asks.

ShareRing Link

Two nodes. That is the whole check.

Instant ID Check, and those two nodes are the whole of it. It is the document half of the client onboarding below: the address check and the sanctions screen are two more nodes on the same canvas.

Now in force

A new compliance era for Australian accounting professionals.

The AML/CTF Amendment Bill 2024 brought accountants and tax professionals into scope for the first time. Since 1 July 2026, accountants, tax agents, BAS agents, auditors, and trust service providers must all verify their clients under Australian law. Many still have no identity verification infrastructure, no AUSTRAC enrolment, and no compliance program in place. Every week of practice without one is a week of exposure.

Accounting practices in scope

Every Australian accountant handling property and financial law must now operate a compliant KYC program.

Up to A$36.4 million per contravention

AUSTRAC can seek up to 100,000 penalty units for a company, about A$36.4 million at the penalty unit value from 1 July 2026, and 20,000 for an individual, for each breach of its AML/CTF obligations.

In force since 1 July 2026

Enrolment with AUSTRAC opened 31 March 2026 and full compliance has been required since 1 July. There were no extensions for newly regulated professions.

How it works

Compliance in three steps. For both sides.

ShareRing’s reusable verified identity means your clients verify once and share with any participating firm instantly. No paper. No back and forth.

  1. Client verifies once Your client downloads ShareRing Me, captures their ID document, completes a biometric liveness check, and is verified in minutes. Switch DVS on and the document is checked against the government source as well.
  2. Credential stored on-chain A verified identity credential is created and stored in their personal wallet, cryptographically anchored to ShareLedger for an immutable audit trail.
  3. Shared with your firm instantly The client shares their verified credential with your firm in one tap. Your dashboard updates in real time. Green tick. Client verified. Done.
Why us

Built for Australia, by Australians.

ShareRing publishes what a check costs, supports documents from 190+ countries and territories, and builds its flows to the AUSTRAC AML/CTF requirements. The client verifies once, keeps the credential in their own vault, and shares it with the next firm that asks. Every check is anchored to ShareLedger, so the audit trail does not depend on anyone’s word.

Reusable Verified Identity

Clients verify once and share their credential with any participating firm. No re-verification. No friction. A genuine competitive advantage for your practice.

Blockchain Audit Trail

Every verification is cryptographically anchored to ShareLedger: tamper-evident, timestamped, and independent of any single party. Ideal for regulatory audits.

About 70% lower cost for Solutions

PEXA Clear publishes A$40 plus GST per transaction. ShareRing Solutions is from A$13 per verified client. No mandatory SaaS subscription. Built for small and mid-sized firms.

Privacy by Design

Selective disclosure means clients share only what’s required. Prove their age without revealing a DOB, confirm their address without exposing passport details.

190+ Countries and Territories

Supports 2,500+ document types across 190+ countries and territories, with NFC chip reading on supported ePassports. Critical for firms with overseas clients.

API-First, White-Label

Embed ShareRing directly into your practice management software. Full SDK for Flutter, iOS, Android, and Web. Own the client experience end to end.

Compliance

AUSTRAC’s identity requirements, row by row.

ShareRing Me is built to meet the material ARNECC VOI and AUSTRAC AML/CTF requirements for digital identity verification across all Tranche 2 sectors.

Each identity requirement, what it demands, and whether ShareRing Me is built to it.
AUSTRAC requirement What it requires ShareRing Me
Customer identification Full name + DOB or address from reliable, independent source Built to
Primary photographic ID Passport, driver licence: doc capture + OCR extraction Built to
Reliable and independent data Document and biometric checks, with DVS available as an option the firm switches on Built to
Biometric verification Confirms document is presented by its rightful owner Built to
Liveness detection Must confirm a real, live person is presenting the document Built to
PEP screening Politically Exposed Persons screening (AUSTRAC ECDD) Built to
Sanctions screening Targeted financial sanctions checks required as part of ECDD Built to
AML screening Ongoing monitoring for money laundering risk indicators Built to
Tranche 2 expansion readiness Accountants and tax professionals covered since 1 July 2026 Ready
The whole list

What ShareRing Me does.

  • Built to the material ARNECC VOI requirements
  • Reliable and independent data checks
  • PEP & sanctions screening
  • Reusable verified identity wallet
  • Blockchain-backed audit trail
  • Selective disclosure, privacy-preserving
  • 190+ countries and territories document support
  • White-label and API-first
  • No mandatory SaaS subscription
  • About 70% lower than PEXA Clear’s published price, Solutions
Build it yourself

It clears the partner’s desk before engagement.

The same obligation as a law firm and the same shape, tuned for a practice that onboards in batches at the start of a financial year rather than one client at a time.

  1. age_verification Over 18.
  2. identity_document Passport or licence.
  3. proof_of_address Required for the engagement file.
  4. if_else Valid document and address before the screen runs.
  5. personal_info Name, DOB, country.
  6. watchlist Sanctions, PEP and adverse media.
  7. delivery_http Into the practice system, one payload per client.
  8. end_ok A verified customer, and no document left on your servers.

A client verified for the tax return is already verified for the audit and for the trust account. Once, not three times.

Try a client onboarding demo How the builder works
Further reading

The Tranche 2 reading list

Longer pieces from The Privacy Stack on the regulation, the cost and the mechanics behind this page.

2 May 2026

AUSTRAC Tranche 2 compliance: what 1 July 2026 means for Australian businesses

From 1 July 2026, AUSTRAC obligations extend to lawyers, accountants, real estate professionals and more. Here is what…

 19 Mar 2026

Lawyers, Accountants and Real Estate Professionals: Get Compliant Before July 1.

I have spoken to lawyers, real estate agents and accountants over the last six months. Almost every one of them gives…

 30 Mar 2026

Digital KYC vs Traditional KYC. There Is No Comparison.

Photocopying a passport is not KYC. It does not confirm the document is genuine, does not screen sanctions lists, and…
All of The Privacy Stack
Frequently asked

The questions we get asked.

Does this apply to bookkeepers as well as tax agents?
AUSTRAC obligations have applied to accountants, tax agents and bookkeeping firms since 1 July 2026.
We onboard in batches at the start of the year. Does that work?
Yes. It is the same shape a law firm uses, tuned for a practice that onboards in batches rather than one client at a time.
Does a client verify separately for each service?
No. A client verified for the tax return is already verified for the audit and for the trust account. Once, not three times.
Does it land on the partner's desk?
It clears it. The client completes the step the moment engagement starts, so verification is not a task waiting for a partner during EOFY.
What do we keep on file?
The result and its evidence, in your practice system. The documents stay with the client.

Tranche 2 is already in force.

Get your firm compliant now, without the chaos. ShareRing makes the whole process simple, fast, and built to the AUSTRAC AML/CTF requirements.

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