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SubjectTwo records, worked side by side
Records checked to8 October 2026

AML SoftServe vs First AML

There is no universal winner. The question is which kinds of buyer should prefer which. These pages are built from the same source-checked data as every other page on AML Finder.

AML SoftServe

Full AML/CTF platform

Entry price
$96.00/mo
Evidence
42%
Marketed to
Not established
Data residency
mixed

First AML

Full AML/CTF platform

Entry price
On application
Evidence
65%
Marketed to
Accounting, Real estate, Legal, Conveyancing, Financial services
Data residency
australia

Choose AML SoftServe when...

  • AML/CTF program creation is verified — First AML has not established it.
  • Staff training is verified — First AML has not established it.
  • Adverse media screening is verified — First AML has not established it.
  • Risk assessed per designated service is verified — First AML has not established it.

Choose First AML when...

  • Beneficial ownership and control is verified — AML SoftServe has not established it.
  • Evidence pack export is verified — AML SoftServe has not established it.
  • API access is verified — AML SoftServe has not established it.
  • Escalation to AMLCO or manager with outcome recorded is verified — AML SoftServe has not established it.
  • Expired document alerts is verified — AML SoftServe has not established it.

Where both fit

Risk assessmentCustomer due diligenceKnow-your-business (entity checks)Enhanced due diligenceElectronic identity verificationBiometric liveness and face matchPEP and sanctions screeningOngoing customer monitoring

Biggest differences

FieldAML SoftServeFirst AML
AML/CTF program creationVerifiedNo
Staff trainingVerifiedNo
Beneficial ownership and controlNot establishedVerified
Adverse media screeningVerifiedPartial
Evidence pack exportNot establishedVerified
API accessNot establishedVerified
Risk assessed per designated serviceVerifiedPartial
Ongoing monitoring triggered by designated service and riskNot establishedPartial
Escalation to AMLCO or manager with outcome recordedNot establishedVerified
Expired document alertsNot establishedVerified
Reliance CDD requests sent and receivedNot establishedVerified
Named integrations0 named12 named
Data residencymixedaustralia

Capabilities, section by section

Program & governance

AML SoftServeFirst AML
  • AML/CTF program creation Agreed Not agreed
  • Program maintenance and review Not obtained Not obtained
  • Risk assessment Agreed Agreed
  • Independent evaluation support (s84) Not obtained Not obtained
  • Staff training Agreed Not agreed

CDD & entity work

AML SoftServeFirst AML
  • Customer due diligence Agreed Agreed
  • Know-your-business (entity checks) Agreed Agreed
  • Beneficial ownership and control Not obtained Agreed
  • Enhanced due diligence Agreed Agreed
  • Reliance arrangements Not obtained Not obtained

Identity verification

AML SoftServeFirst AML
  • Electronic identity verification Agreed Agreed
  • Biometric liveness and face match Agreed Agreed
  • Document Verification Service (DVS) access Not obtained Not obtained

Screening & monitoring

AML SoftServeFirst AML
  • PEP and sanctions screening Agreed Agreed
  • Adverse media screening Agreed Queried
  • Ongoing customer monitoring Agreed Agreed
  • Automated transaction monitoring (bank-style rules) Not obtained Not obtained

Reporting & control

AML SoftServeFirst AML
  • Suspicious matter report workflow Not obtained Not obtained
  • AUSTRAC SMR XML export Not obtained Not obtained
  • Tipping-off controls (s123) Not obtained Not obtained
  • Threshold transaction reporting Not obtained Not obtained

Evidence & extensibility

AML SoftServeFirst AML
  • Evidence pack export Not obtained Agreed
  • Immutable audit log Not obtained Not obtained
  • API access Not obtained Agreed

Tranche 2 operations

AML SoftServeFirst AML
  • Risk assessed per designated service Agreed Queried
  • Ongoing monitoring triggered by designated service and risk Not obtained Queried
  • Program obligations calendar Not obtained Not obtained
  • Versioned AML program and CDD records Queried Queried
  • Escalation to AMLCO or manager with outcome recorded Not obtained Agreed
  • Expired document alerts Not obtained Agreed
  • Reliance CDD requests sent and received Not obtained Agreed

Unknowns to confirm

Not established for at least one of these two — ask before relying on it.

Program maintenance and reviewIndependent evaluation support (s84)Beneficial ownership and controlReliance arrangementsDocument Verification Service (DVS) accessAutomated transaction monitoring (bank-style rules)Suspicious matter report workflowAUSTRAC SMR XML export

Which one fits your requirements?

These two are compared on every field we track. Tell us what matters to you and we’ll recalculate this comparison against your own requirements.

Tell us what matters to you

Provider facts checked through 8 October 2026. Source records: AML SoftServe on AML Directory · First AML on AML Directory