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Lawyers and law firms
Verify every client. Keep practising.
Since 1 July 2026, AUSTRAC has required firms providing a designated service to verify their clients before acting. ShareRing turns that obligation into a sixty-second client step, reusable, auditable, and built to the AUSTRAC AML/CTF requirements. No paperwork piles, no practice-management retrofit, no bottleneck at matter intake.
Built to the AUSTRAC AML/CTF requirements. Faster than the first letter of engagement.
ShareRing Me
A passport chip read, and the name the matter opens against. Nothing the firm has to store.
Under a minute the first time. About two seconds at the next firm 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 verification 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 lawyers.
The AML/CTF Amendment Bill 2024 brought lawyers and law firms into scope for the first time. Since 1 July 2026, legal practitioners providing a designated service must 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.
Legal practitioners in scope
Every Australian lawyer working in 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.
- 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.
- 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.
- 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 195+ 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.
195+ Countries and Territories
Supports 2,500+ document types across 195+ countries and territories, with NFC chip reading on supported ePassports. Critical for law 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.
| 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 | Lawyers and law firms 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
- 195+ 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
Verified before you act, not after.
Tranche 2 requires the client verified before the matter opens. This chain does it on the client’s own phone, in the time it takes to read the engagement letter.
-
age_verificationOver 18. -
identity_documentPassport or licence, NFC where available. -
proof_of_addressThe address the file will be opened against. -
if_elseAll three valid before anything billable runs. -
personal_infoName and DOB for the screen. -
watchlistSanctions, PEP and adverse media, as AUSTRAC expects. -
delivery_httpStraight into the practice management system. -
end_okA verified customer, and no document left on your servers.
The audit trail is the run itself: what was checked, when, and what it returned, without the firm holding the documents.
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 2026Lawyers, 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…
10 Apr 2026Your Client Verified Last Week. Why Are They Doing It Again?
Same person. Same documents. Same result. Five separate verifications in six months. The current KYC model is broken by…
Frequently asked
The questions we get asked.
What changed on 1 July 2026?
AUSTRAC requires firms providing a designated service to verify their clients before acting. The verification has to be done before the matter opens, not caught up with afterwards.
How long does it take the client?
About sixty seconds, on their own phone, in the time it takes to read the engagement letter.
Do we have to change our practice management system?
No. The signed result is delivered straight into the system you already run.
What is our audit trail?
The run itself: what was checked, when, and what it returned, without the firm holding the documents.
Does it include sanctions and PEP screening?
Yes, sanctions, PEP and adverse media as AUSTRAC expects, and it runs only once the document and the address have already validated.
Tranche 2 is already in force.
Get your law firm compliant now, without the chaos. ShareRing makes the whole process simple, fast, and built to the AUSTRAC AML/CTF requirements.
