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AML FinderAustralia

AML SoftServe vs SimpleAML

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.

Product A

AML SoftServe

Full AML/CTF platform

Entry price
$96.00/mo
Evidence
46%
Marketed to
Not established
Data residency
Not established

Product B

SimpleAML

Local register

Entry price
$0.00/mo
Evidence
54%
Marketed to
Accounting, Real estate, Conveyancing
Data residency
Not established

Choose AML SoftServe when...

  • AML/CTF program creation is verified — SimpleAML has not established it.
  • Customer due diligence is verified — SimpleAML has not established it.
  • Know-your-business (entity checks) is verified — SimpleAML has not established it.
  • Enhanced due diligence is verified — SimpleAML has not established it.
  • Electronic identity verification is verified — SimpleAML has not established it.

Choose SimpleAML when...

  • Tipping-off controls (s123) is verified — AML SoftServe has not established it.

Where both fit

Risk assessmentStaff training

Biggest differences

FieldAML SoftServeSimpleAML
AML/CTF program creationVerifiedPartial
Customer due diligenceVerifiedPartial
Know-your-business (entity checks)VerifiedNo
Enhanced due diligenceVerifiedNot established
Electronic identity verificationVerifiedNo
Biometric liveness and face matchVerifiedNot established
PEP and sanctions screeningVerifiedNo
Adverse media screeningVerifiedNot established
Ongoing customer monitoringVerifiedNot established
Transaction monitoringNot establishedNo
Suspicious matter report workflowNot establishedPartial
AUSTRAC SMR XML exportNot establishedNo
Tipping-off controls (s123)Not establishedVerified
Evidence pack exportNot establishedNo

Capabilities, section by section

Program & governance

  • AML/CTF program creation Verified Partial
  • Program maintenance and review Needs confirmation Needs confirmation
  • Risk assessment Verified Verified
  • Independent evaluation support (s84) Needs confirmation Needs confirmation
  • Staff training Verified Verified

CDD & entity work

  • Customer due diligence Verified Partial
  • Know-your-business (entity checks) Verified No
  • Beneficial ownership and control Needs confirmation Needs confirmation
  • Enhanced due diligence Verified Needs confirmation
  • Reliance arrangements Needs confirmation Needs confirmation

Identity verification

  • Electronic identity verification Verified No
  • Biometric liveness and face match Verified Needs confirmation
  • Document Verification Service (DVS) access Needs confirmation Needs confirmation

Screening & monitoring

  • PEP and sanctions screening Verified No
  • Adverse media screening Verified Needs confirmation
  • Ongoing customer monitoring Verified Needs confirmation
  • Transaction monitoring Needs confirmation No

Reporting & control

  • Suspicious matter report workflow Needs confirmation Partial
  • AUSTRAC SMR XML export Needs confirmation No
  • Tipping-off controls (s123) Needs confirmation Verified
  • Threshold transaction reporting Needs confirmation Needs confirmation

Evidence & extensibility

  • Evidence pack export Needs confirmation No
  • Immutable audit log Needs confirmation No
  • API access Needs confirmation Needs confirmation

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) accessTransaction monitoringSuspicious 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 25 August 2026. Source records: AML SoftServe on AML Directory · SimpleAML on AML Directory