About This Webinar
The answer to your KYB question is already in your files

From 1 July 2026, accounting firms must verify the identity and beneficial ownership of their business and trust clients under AUSTRAC's Tranche 2 AML/CTF reforms.

The answer to your KYB question is already in your files.

Most firms are treating this as a new data collection problem. It isn't.

Every trust deed names the trustee, defines the beneficiary classes, and sets out who controls the trust. That is exactly what KYB requires. Firms with trust clients on file have most of this work already done. They just haven't connected the two workflows yet.

Join David Boyar and Tim Munro for a practical 120-minute session mapping trust deed obligations to KYB requirements, identifying where the gaps are, and walking through how EngageAML turns your trust structure into a compliant, audit-ready verification workflow before the deadline.

What you'll learn


  • The regulatory overlap Why the ATO and AUSTRAC are asking the same questions from different angles, and what that means for your firm before 30 June and 1 July.

  • What the deed tells you How trust deed elements (trustee identity, director structures, beneficiary classes, and distribution powers) map directly to KYB verification requirements.

  • Where firms get this wrong The most common gaps: unverified corporate trustees, broad discretionary beneficiary classes, and the misconception that KYB can wait until a distribution is made.

  • Live demo: EngageAML A walkthrough of how EngageAML uses your trust structure to drive the KYB process — identity verification, beneficial ownership mapping, PEP and sanctions screening, and audit trail output.

  • Live Q&A to answer your specific questions.

Presenters
  • 1710132343-3516c9f8d660ff38
    David Boyar
    General Manager, ChangeGPS
    David joined ChangeGPS as GM of Growth and then CEO to drive the development of the industry after founding The Virtual CFO Association and co-hosting 'From the Trenches'—Australia's #2 iTunes business podcast. David's one of the youngest Fellow Chartered Accountants in Australia. He loves using accounting to help Aussie mums and dads so much that he did a TedX talk on it.
  • 1710132449-35c5d877d8ddf8c3
    Timothy Munro
    Founder & Executive Director, ChangeGPS
    Tim founded ChangeGPS after founding the award-winning accounting firm Change Accountants & Advisors. Tim is a former Director and Queensland President of the Institute of Public Accountants. He lives and breathes his professional passion for accounting. At ChangeGPS Tim fuels the vision for a better accounting industry using technology and best practice. Outside work, Tim’s a parent, drummer, and cricket-player.
  • 1777508126-9ebf0cae8d03cb3e
    Kieran Richards
    Product Lead, FrankieOne
    Kieran leads KYB product strategy at FrankieOne, shaping smart business verification that streamlines compliant onboarding for complex enterprise customers. With 6+ years of experience in the finance industry, he has held roles in AML/KYC compliance, customer support, account management, and business development. Having spent 4 years at FrankieOne, he has developed a deep understanding of the platform and the compliance challenges facing modern financial services businesses.