What PEXA gives you
- The settlement record: parties, funds, timing.
- The VOI and client authorisation requirements that already verify identity to the ARNECC standard.
What it does not do
- Store beneficial ownership, purpose, risk rating or review dates.
- Generate or version an AML/CTF program.
- Track suspicious matter and threshold transaction deadlines.
- Keep a tamper-evident audit trail of your compliance actions.
The practical setup
- Keep PEXA for settlement and VOI.
- Keep AML records in a system built for them, keyed by the same matter.
- At engagement, do VOI and the AML fields together.
- At settlement, check the funds flow against the file and record the check.
About integrations
PracticeAML does not currently integrate with PEXA, and we say so rather than imply it. The compliance record is deliberately separate from the settlement platform.
Questions people ask
- Is PEXA's VOI enough for AML?
- It is your identity verification step. AML adds beneficial owners, purpose, risk rating, reviews and reporting.
Sources
Official AUSTRAC guidance this page was checked against. The date is when we captured the page; AUSTRAC may have updated it since.
- Overview of initial customer due diligence · AUSTRAC, captured 17 May 2026
This guide is general information for solicitors, conveyancers, settlement agents, not legal advice. Check AUSTRAC's current guidance for your situation.