Sumsub
Sumsub is a global verification platform offering end-to-end KYC, KYB, AML screening, transaction monitoring, and fraud prevention. It is widely used in fintech, crypto, gaming, and e-commerce. It achieves fast verification times (under 50 seconds) and high pass rates, with coverage across 230+ countries.
Product, pricing, and fit.
- Product type
- CDD / KYC Platform
- Pricing model
- Volume-based
- Sectors served
- financial servicespubs and clubs
Sumsub — common questions.
How long does onboarding take?
Most Australian SMEs are live in 2–4 weeks. Larger or multi-entity setups can take 4–8 weeks. The provider typically offers a guided onboarding call, document templates, and a structured rollout plan.
Do they handle AUSTRAC enrolment for me?
Most providers will guide you through AUSTRAC enrolment but the legal registration is done by you as the reporting entity. Templates, walkthroughs and reviewed answers are usually included.
What happens after Tranche 2 commences on 1 July 2026?
Ongoing obligations apply: continuous CDD, monitoring, suspicious matter reporting, training refreshes, and annual independent review. The provider's subscription typically covers all of this on an ongoing basis.
Can I cancel if it's not the right fit?
Most subscriptions are month-to-month or annual with a fair cancellation window. Your AML program documentation remains yours regardless. Confirm specific terms during your sales conversation.
Why Sumsub is on CompareAML.
Provider's product approach mapped to current Tranche 2 reform guidance.
Pricing and onboarding suited to small and mid-sized Australian businesses.
Demonstrated experience in the sectors the provider serves.
Sumsub pays a flat listing fee to appear on CompareAML. We do not earn a commission on any business you do with them. Independent matching is generated separately from sponsored placements. How we're paid →
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