Quick answer
Yes. ClearAML maintains an append-only, time-stamped audit log of compliance events — CDD checks, screening results, risk decisions, and SMR drafts — kept while your subscription is active, retrievable in seconds and exportable for your 7-year records.
Reporting entities must generally keep AML/CTF records for 7 years. ClearAML's audit log is designed to support this with an append-only record that users cannot alter after the fact.
What "append-only" means in practice
An append-only audit trail means events are recorded with a timestamp, and users cannot edit, overwrite, or delete the entries. This is the approach regulators look for because it gives a dependable record of when actions occurred.
What ClearAML logs automatically
- CDD document uploads and identity verification outcomes
- Screening checks against PEP, sanctions, and watchlists — including false-positive resolutions with the reviewing user's name
- Risk ratings assigned or changed, with the reason and the user who made the change
- SMR drafts created, including the suspicion date timestamp
- Staff compliance quiz completions with scores
- AML/CTF program versions approved, with approver name and timestamp
Retrieving records for AUSTRAC inspection
When AUSTRAC requests records — whether as part of a routine review or an unannounced inspection — ClearAML allows you to filter, export, and produce audit records for any client or time period in seconds. There is no need to search through folders, email chains, or paper files.
How ClearAML helps
Compliance actions in ClearAML are logged automatically to an append-only, time-stamped audit trail. Records are kept while your subscription is active and can be produced for AUSTRAC quickly — with no manual filing and no paper. Export them to keep them for the full 7 years, including after you stop using ClearAML.