From cpaaustralia.com.au: The Tax Practitioner Board and Australian Taxation Office mandate that tax practitioners verify clients’ identities through specific documentation before offering services.

With the rise of AI-driven identity theft, businesses are warned to adopt robust client verification processes to mitigate risks of fraud, such as using secure communication methods and identity verification services.

Experts emphasise the importance of staff education and implementing unique client identification codes to enhance security against cyber threats.