iDeed Pty Ltd
Every jurisdiction asks the same question.
Who is actually behind this, and can you prove you checked? We build the infrastructure that answers it, and we do the work rather than handing you a tool and wishing you luck.
An obligation that does not vary
Firms that act as gatekeepers to financial transactions must establish who their clients are, identify the owners behind complex structures, and keep a record that holds up years later. That is the settled international standard, and every member jurisdiction arrives at it eventually.
What differs is the timetable and the local law. What does not differ is the shape of the work, or the fact that most organisations brought into scope have no function capable of doing it.
The global opportunity
One standard, everywhere
The Financial Action Task Force has set the bar since 1989, and more than 200 jurisdictions answer to it. Not a forecast: the mechanism that has already put obligations on firms in Australia, and is doing the same elsewhere.
Two populations must act
Firms entering scope for the first time, with no due-diligence capability. And regulated firms that must re-verify beneficial ownership across their existing books, to a deeper standard, by a fixed date. The second is a remediation market: finite, dated and funded.
Virtual assets are already in
The Travel Rule is law in most jurisdictions; the beneficial-ownership work behind it is not solved. iDeed sits upstream of the compliance rails VASPs have already bought.
Where it is live
Evaluation is the trigger, not the timetable. The horizons below reflect when obligations actually reach firms, not the assessment dates. The same pattern is running across the full network. These examples are the markets where scale and timing line up first for us.
New to scope
Professional firms under these obligations for the first time. Roughly 100,000 of them, in scope today.
- Australia
Deepening
Regimes already in force being extended or re-supervised. Firms must re-do work to a higher standard.
- New Zealand
- Malaysia
- Singapore
- United Kingdom
- European Union
- United Arab Emirates
Following
On the cycle, but the legislative response is further out or less certain.
- Hong Kong
- Canada
- United States
Assessment schedules are published by the FATF. Global Assessment Calendar ↗
We model the domain first
Everything we have built starts the same way: with a precise model of how the domain actually works. Who the parties are, what each of them owes, which states an obligation can occupy, which rules must hold at every point. Not an approximation that accretes exceptions for a decade, but a model exact enough to execute.
That is the slow, unglamorous discipline, and it is the one most enterprise software skips. It is also why the architecture carries from one domain to the next: the domain model is the variable, and everything above it stays constant.
Bank guarantees and customer due diligence have nothing in common as businesses. Both could be modelled properly. Once they were, the same infrastructure ran them.
Where the case sits
ARCaml is the application the business case rests on. It went live as Australia brought roughly 100,000 firms into scope of a regime none of them had operated under before. Australia is one jurisdiction of many, each arriving at the same obligation on a schedule that is published years ahead.
The market is not a forecast. It is a calendar, and the capability that serves it is already built and running.
myGuarantee is a second application of the same capability: the domain we modelled first, which a bank then asked us to operate. It is also an ARCaml customer, so a bank’s guarantees run on our infrastructure with the due diligence behind them running on ours too.
Partners and investors
If you are building infrastructure that depends on verified participants, or backing companies that do, we should talk.
Get in touch