Distributor oversight solved. Meet your compliance obligations. Focus on what matters. Save time.
Know Your Distributor (KYD) is a complete solution that takes the pain out of distributor due diligence for Australian Fund Issuers and Distributors. It gives product issuers a secure, efficient and meaningful way to monitor the distributors of their fund products, and to evidence the “reasonable steps” expected under their Design and Distribution Obligations.
Owned and supported by PX Partners, powered by Carne
KYD is owned and supported by the team at PX Partners, an Australian risk and compliance consultancy whose practitioners bring real-world experience of the Design and Distribution Obligations.
How it works
KYD centres on a dynamic, industry-aligned questionnaire built specifically for the Australian market. Rather than chasing responses by email and hunting through drives and inboxes, the process runs end to end through one system.
The KYD team arranges for your distributors to complete the in-system questionnaire. Distributors answer once and control which product issuers can view their responses. Issuers then review those responses in a single central record, seeking clarification, uploading supporting information, recording assessments and tracking completion in one place. KYD performs the follow-up of questionnaire responses, leaving you free to focus on the commercial relationship and your own assessment.
A questionnaire built
for deeper review
The KYD due diligence questionnaire is aligned to the Financial Services Council (FSC) standard DDQ, so it covers the industry baseline issuers already recognise. On top of that, it includes additional KYD-developed sections that allow for a broader and deeper review, with consistent, closed-form questions that make answering easier while capturing more detail for meaningful analysis.
Coverage spans company information and ownership, regulatory status, product governance arrangements, distribution and sales practices, governance, risk, compliance and assurance, training, and business continuity. It also includes a dedicated financial crime section, which has taken on heightened importance following the significant changes to Australia’s AML/CTF regime that commenced on 31 March 2026. These reforms move compliance toward a more risk-based, outcome-focused model and raise expectations around how reporting entities understand and manage financial crime risk across their business relationships.
Independent review
service by PX Partners
For issuers seeking greater assurance, KYD offers an optional independent review delivered by the risk and compliance specialists at PX Partners, who have extensive experience with Design and Distribution Obligations and broader regulatory compliance. The review pre-vets distributor responses before they reach you, enabling your teams to focus on the highest-risk areas.
PX Partners verifies corporate and licensing information against ASIC records, AFSL authorisations and appointed auditors; reviews complaints handling by assessing website information and confirming AFCA membership; and performs financial crime screening, including PEP, sanctions and adverse media checks on the distributor and its directors. Each distributor is also benchmarked against peers to provide comparative insights. The output is a board-ready report containing DDQ assessment results, RAG-rated findings, executive summaries, key exceptions and practical commentary to support informed governance and oversight decisions.
The benefits
KYD is designed to save time and cost, reduce risk and improve the quality of your insights, and support you in meeting your “reasonable steps” obligation. Clients of the underlying technology have found the solution can save over 80% in person days compared with running due diligence manually.
You can allocate sections of the questionnaire to subject-matter experts within your own organisation, and KYD risk-rates responses so your attention goes straight to potential red flags, with risk flags you can calibrate to your own appetite.
Save time
A huge amount of effort is saved on both sides with Distributors only needing to complete one, relevant questionnaire (and refresh responses annually), and Product Issuers being able to review responses centrally.
Save resources
Overseas experience shows that an 80% saving in person days can be achieved when compared to performing due diligence manually.
Record keeping and audit trail
Full records of responses are retained, as is the Product Issuers assessment. Ability to upload additional documentation.
Align to your internal roles
Sections of the questionnaire can be allocated to internal SMEs for completion or review.
Third party review
Product Issuers can opt in to our additional service where a compliance consultancy can review distributor responses on your behalf.
Focus on what matters
System generated (customisable) RAG rating so Product Issuers can direct your attention to the areas that potentially pose higher risk.
Tried and tested
The underlying technology is being used by fund managers and distributors in Europe. The solution is ready for use today.
Secure
KYD powered by Carne group technology is proud to be certified as meeting the requirements of ISO 9001 and ISO 27001.
KYD E2E Process
The Distributor experience
- One to many relationship: complete the questionnaire once and permission Product Issuers to access your responses.
- Dynamic questionnaire to ensure you only respond to questions that are relevant to your business practices.
- In subsequent years, simply review past responses and update if required.
- Allocate sections of the questionnaire to different parties within your organisation to complete.
- Add additional information and attach files where required.
The Product Issuer experience
- Review distributor responses and record your assessment within the KYD solution – no reliance on emails to retain records.
- Track completion by your distributors and compare outcomes side-by-side.
- Allocate sections of the questionnaire to different parties within your organisation for review.
- All follow-up of distributor responses is performed by the KYD team. This saves you time and mean you can focus on your commercial relationship.
- Ability to seek clarification of responses from distributors and attach additional information within the KYD solution.
Already trusted by Australian Fund Issuers
KYD is already deployed by Australian-based Fund Issuers to conduct oversight of the distributors of their fund products, combining proven global technology with local regulatory expertise to keep distributor oversight efficient, consistent and audit-ready.
For more information or to request a demo
support team
Jon is a co-founder of PX Partners. Jon has extensive experience and critical perspective across governance, risk and compliance in financial services. Working across all levels of the organisation building partnership style relationships to deliver sustainable and enduring outcomes. Jon’s work to date spans Europe and Australia working with Securities Exchanges, institutional banks, fund managers and other issuers of financial products. Jon has worked with the Macquarie Group, Westpac Institutional Bank, First Sentier Investors and Janus Henderson Investors.
Jon has led risk and compliance teams at global and domestic firms advising boards and senior management on GRC strategy. Jon’s extensive experience covers framework design and implementation, GRC systems, regulatory & licensing, exchange approvals and listings, financial crime, due diligence, new business acquisition and integration, breach remediation, Board governance, culture and conduct.
Tanushree is the co-founder of PX Partners. Prior to PX Partners Tanushree was a risk and compliance practitioner with over two decades of experience working across Australia, Asia, and North America. She has led 1st and 2nd Line risk and compliance teams covering multiple jurisdictions, including Australia, Hong Kong, Singapore, and China, and various risk areas such as AML/CTF, conduct and conflicts, product design and distribution.
Tanushree has developed deep expertise in supporting institutional and retail-focused financial services organizations throughout her career. Tanushree has worked in-house with several leading financial institutions, including ‘Big 4’ Australian banks, global investment managers and domestic insurers.
She has led responses to regulatory investigations and other supervisory activities, supported the launch of new products, obtained regulatory approvals in Australia and overseas, implemented GRC systems, and designed and implemented risk management frameworks.
Amber brings experience in digital transformation, project management office, operations, financial crime, process improvement and technology in the financial services and power & utilities sector.
Amber has worked at a Big 4 consultancy in Ireland supporting the coordination of large scale transformation projects across a range of areas including Agile product delivery, operating model design, project management office mobilisation and some smaller environmental, social & governance (ESG) related projects. Prior to this, Amber worked in the financial services sector as a foreign exchange dealer experienced in financial markets, international financial regulatory requirements and AML/ KYC procedures.
Amber holds Bachelor of Arts in Sociology and Geography (Sustainability) from Trinity College Dublin.
The solution is powered by Carne Group technology, a platform that exists and is in use today. It is deployed in over 75 countries, used to monitor more than 2,000 distributors globally, and relied upon by clients who collectively manage over $1 trillion in assets. It is ISO 27001 certified, hosted on AWS with leading cyber-security, and its Australian questionnaire is designed by practitioners.
Contact Details
- +61 (02) 91 887 776
- info@px.partners
- Level 11/10 Carrington St Sydney, NSW 2000, Australia (Gadigal land)
- Level 3, 162 Collins Street Melbourne VIC 3000 (Wurundjeri land)
© 2026 PX Partners Pty Limited ABN 65 638 244 498. All rights reserved.
