How VerifiMe identity verification works
Audience: All members
VerifiMe is Smarter SMSF's identity verification partner, purpose-built for AUSTRAC Tranche 2 compliance in the Australian professional services sector. VerifiMe is used in both pathways — for KYC of firm principals under Pathway A, and for client verification under Pathway B.members
What does VerifiMe check?
| Check | What it covers |
| Government document validation | Driver's licence, passport, Medicare card and other accepted Australian identity documents |
| ASIC & ABN register checks | Entity verification for corporate clients and trustees |
| Biometric face matching | Selfie matched against the photo on the submitted ID document |
| PEP & sanctions screening | Politically Exposed Persons and AUSTRAC/OFAC sanctions lists |
How long does it take?
The verification process takes 2–5 minutes for most individuals. It can be completed on any smartphone, tablet, or computer with a camera. No app download is required.
What does Smarter SMSF receive?
Smarter SMSF receives a verified attestation only — a pass/fail result with a risk rating (LOW, MEDIUM, or HIGH). We do not receive, view, or store your client's raw identity documents. All identity data remains within the VerifiMe platform, secured under AES-256 encryption with Australian data sovereignty guaranteed.
Reusable verified identity
VerifiMe gives each verified individual a reusable identity wallet. If your client has already been verified by another Tranche 2 professional using VerifiMe, they can share their existing verified credentials with a simple two-click consent process — no repeat verification and no new fee.
Risk ratings
| Rating | Outcome |
| LOW | Verification successful — document released automatically |
| MEDIUM | Verification successful with minor flags — document released automatically |
| HIGH | Additional review required — order placed on hold, compliance team notified |
Privacy and data handling
VerifiMe operates under Australian Privacy Law and the Privacy Act 1988 (Cth). Your client's identity data is used solely for the purpose of completing the required identity check and is not shared with third parties for commercial purposes.