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

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.

AMLCompliant

Document / template pack

Entry price
$497.00
Evidence
87%
Marketed to
Not established
Data residency
overseas

SimpleAML

Local register

Entry price
$0.00/mo
Evidence
55%
Marketed to
Accounting, Real estate, Conveyancing
Data residency
Not established

Choose AMLCompliant when...

Nothing separates them here: every capability agreed for AMLCompliant is at least established for SimpleAML too.

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.
  • Risk assessed per designated service is verified — AMLCompliant has not established it.
  • Ongoing monitoring triggered by designated service and risk 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
Automated transaction monitoring (bank-style rules)NoNot established
Suspicious matter report workflowNoPartial
Tipping-off controls (s123)NoVerified

Capabilities, section by section

Program & governance

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

CDD & entity work

AMLCompliantSimpleAML
  • Customer due diligence Not agreed Queried
  • Know-your-business (entity checks) Not obtained Not agreed
  • Beneficial ownership and control Not agreed Not obtained
  • Enhanced due diligence Not agreed Not obtained
  • Reliance arrangements Not obtained Not obtained

Identity verification

AMLCompliantSimpleAML
  • Electronic identity verification Not agreed Not agreed
  • Biometric liveness and face match Not agreed Not obtained
  • Document Verification Service (DVS) access Not agreed Not obtained

Screening & monitoring

AMLCompliantSimpleAML
  • PEP and sanctions screening Not agreed Not agreed
  • Adverse media screening Not agreed Not obtained
  • Ongoing customer monitoring Not agreed Not obtained
  • Automated transaction monitoring (bank-style rules) Not agreed Not obtained

Reporting & control

AMLCompliantSimpleAML
  • Suspicious matter report workflow Not agreed Queried
  • AUSTRAC SMR XML export Not agreed Not agreed
  • Tipping-off controls (s123) Not agreed Agreed
  • Threshold transaction reporting Not agreed Not obtained

Evidence & extensibility

AMLCompliantSimpleAML
  • Evidence pack export Not agreed Not agreed
  • Immutable audit log Not agreed Not agreed
  • API access Not agreed Not obtained

Tranche 2 operations

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

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 8 October 2026. Source records: AMLCompliant on AML Directory · SimpleAML on AML Directory