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AML FinderAustralia

AMLCompliant 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

AMLCompliant

Document / template pack

Entry price
$497.00
Evidence
83%
Marketed to
Not established
Data residency
client-managed

Product B

SimpleAML

Local register

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

Choose AMLCompliant when...

No capability is verified for AMLCompliant that is not also established for SimpleAML.

Choose SimpleAML when...

  • Risk assessment is verified — AMLCompliant has not established it.
  • Staff training is verified — AMLCompliant has not established it.
  • Tipping-off controls (s123) is verified — AMLCompliant has not established it.

Biggest differences

FieldAMLCompliantSimpleAML
AML/CTF program creationNoPartial
Risk assessmentNoVerified
Staff trainingNoVerified
Customer due diligenceNoPartial
Know-your-business (entity checks)Not establishedNo
Beneficial ownership and controlNoNot established
Enhanced due diligenceNoNot established
Biometric liveness and face matchNoNot established
Document Verification Service (DVS) accessNoNot established
Adverse media screeningNoNot established
Ongoing customer monitoringNoNot established
Suspicious matter report workflowNoPartial
Tipping-off controls (s123)NoVerified
Threshold transaction reportingNoNot established

Capabilities, section by section

Program & governance

  • AML/CTF program creation No Partial
  • Program maintenance and review Needs confirmation Needs confirmation
  • Risk assessment No Verified
  • Independent evaluation support (s84) Needs confirmation Needs confirmation
  • Staff training No Verified

CDD & entity work

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

Identity verification

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

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

  • Evidence pack export No No
  • Immutable audit log No No
  • API access No 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)Know-your-business (entity checks)Reliance arrangementsBeneficial ownership and controlEnhanced due diligenceBiometric liveness and face matchDocument Verification Service (DVS) access

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: AMLCompliant on AML Directory · SimpleAML on AML Directory