I dont get how this works.  Will it be for any business in the...

I dont get how this works.  Will it be for any business in the world wanting to verify a chinese person or only for companies in Australia where a client wants to do some investing?  Excuse me for being naive but just cant compute at this stage.
We need to know what they expect usage wise?  What country KYC/AML compliance rules does it cater for? Is it only for Australian business to verify clients from overseas countries?
Looks as though the buying has dried up also.  Need news or it will go back down