1. What is the difference between Face IDV and Quick IDV?
Realaml offers two identity verification options to give law firms flexibility while ensuring compliance with AUSTRAC’s Safe Harbour requirements.
Feature | Face IDV (Biometric Verification) | Quick IDV (Non-Biometric, Flexible Completion) |
Facial Recognition | ✅ Yes, with live selfie matching | ❌ No, uses document & data verification |
PEP & Sanctions Screening | ✅ Yes | ✅ Yes |
Compliance Level | Meets AUSTRAC's Safe Harbour | Meets AUSTRAC's Safe Harbour |
Best For | High-risk clients, EDD, fraud prevention | Low-to-medium risk clients, faster processing |
Who Conducts the IDV? | Customer completes facial recognition remotely | Law firm can conduct it directly or send it to the client |
Verification Speed | Slightly longer (selfie capture) | Faster (instant database verification) |
User Experience | Extra step but higher security | Seamless, document-based verification |
Risk-Based Usage | Ideal for PEPs, complex cases | Suitable for standard client verifications |
Verification Requirements | ✅ Must match at least two independent data sources to pass | ✅ Must match at least two independent data sources to pass |
DVS Document Verification | ✅ Mandatory or optional, depending on law firm’s requirements | ✅ Mandatory or optional, depending on law firm’s requirements |
2. Why Offer Both Face IDV & Quick IDV?
✔ More Control for Law Firms – Quick IDV can be completed in-house by a legal professional or sent to the client for self-completion, offering greater flexibility.
✔ Meets AUSTRAC’s ‘Safe Harbour’ – Both Face IDV and Quick IDV are AUSTRAC-compliant and meet Safe Harbour verification standards.
✔ PEP & Sanctions Screening – Both options automatically screen customers against Politically Exposed Persons (PEP) and sanctions lists.
✔ Ensures Reliable Verification – Both Face IDV and Quick IDV will only pass verification if the customer’s information is successfully verified against at least two separate data sources.
✔ DVS Document Verification Flexibility – Law firms can choose whether verifying a document at DVS is mandatory or optional, depending on their compliance needs.
✔ Enhances Law Firm Adoption – Some firms prefer Quick IDV for speed and ease of use, while others require Face IDV for higher-risk cases.
✔ Risk-Based Compliance – Law firms can decide when biometric IDV is necessary (e.g., for PEPs or high-risk transactions).
3. Which IDV method should law firms use?
🔹 For Low-to-Medium Risk Clients: Quick IDV is faster and easier, allowing firms to conduct verifications directly or send them to clients.
🔹 For High-Risk Clients (PEPs, EDD): Face IDV adds biometric facial recognition for extra security.
🔹 For Law Firms Requiring DVS Checks: Both methods allow DVS verification to be mandatory or optional, based on the law firm’s risk policies.
Both options help law firms meet their AML/CTF obligations while providing a flexible, risk-based approach to identity verification.
📩 Need more details? Contact support@realaml.com or +61 423 321 383.