Hi Triage,Appreciate the further insight ID8 are applying to net...

Hi Triage,

Appreciate the further insight ID8 are applying to net smaller fish. Would be nice if AUSTRAC could rubber stamp the ID8 reporting solution to give these potential customers a warm felling that they are procuring a certified product.

We understand the Compliance Risk for Tier 1 accounts (Big Institutions/Banks) = Big Fines, however what are the risks and penalties in monetary terms for these smaller fish and will such penalties form an incentive to look at ID8 for a compliant solution vs internal reporting which may not be to honours or costly to setup.

Don't get me wrong, I'm fully onboard with the solution and well invested, just playing devils advocate. This will get of the ground and well it will fly, I'm just not as optimistic with the time frame as others.

Hoping the Q1 updates shares positive feedback around smaller account subscription rates.