Q&A

Question: I am planning on providing online services to customers, do I need to verify their ID?

This depends on the nature of services you are providing, there are legislative requirements for some online services in relation to verifying and collecting certain personal information, including businesses that are deemed ‘designated services‘ under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth). Certain professions and industries may also have industry codes that you may be required to comply with.