SubjectTwo records, worked side by side
Records checked to8 October 2026
AMLTranche vs FreeAML
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.
AMLTranche
Full AML/CTF platform
- Entry price
- $59.00/mo
- Evidence
- 74%
- Marketed to
- Real estate, Conveyancing, Accounting, Precious metals & stones
- Data residency
- mixed
FreeAML
Verification layer
- Entry price
- $20.00/check
- Evidence
- 55%
- Marketed to
- Accounting, Real estate, Conveyancing, Legal
- Data residency
- Not established
Choose AMLTranche when...
- Suspicious matter report workflow is verified — FreeAML has not established it.
- Tipping-off controls (s123) is verified — FreeAML has not established it.
- Threshold transaction reporting is verified — FreeAML has not established it.
- Immutable audit log is verified — FreeAML has not established it.
Choose FreeAML when...
- Staff training is verified — AMLTranche has not established it.
- Know-your-business (entity checks) is verified — AMLTranche has not established it.
- Document Verification Service (DVS) access is verified — AMLTranche has not established it.
- AUSTRAC SMR XML export is verified — AMLTranche has not established it.
Where both fit
AML/CTF program creationRisk assessmentCustomer due diligenceBeneficial ownership and controlElectronic identity verificationBiometric liveness and face matchPEP and sanctions screeningAdverse media screeningOngoing customer monitoringEvidence pack export
Biggest differences
| Field | AMLTranche | FreeAML |
|---|---|---|
| Staff training | No | Verified |
| Know-your-business (entity checks) | Not established | Verified |
| Document Verification Service (DVS) access | Not established | Verified |
| Automated transaction monitoring (bank-style rules) | Partial | Not established |
| Suspicious matter report workflow | Verified | Not established |
| AUSTRAC SMR XML export | No | Verified |
| Tipping-off controls (s123) | Verified | Not established |
| Threshold transaction reporting | Verified | Not established |
| Immutable audit log | Verified | Not established |
| Program obligations calendar | Partial | Not established |
| Escalation to AMLCO or manager with outcome recorded | Partial | Not established |
| Reliance CDD requests sent and received | Partial | Not established |
| Product type | Platform | Verification |
| Data residency | mixed | unknown |
Capabilities, section by section
Program & governance
AMLTrancheFreeAML
- AML/CTF program creation Agreed Agreed
- Program maintenance and review Not obtained Not obtained
- Risk assessment Agreed Agreed
- Independent evaluation support (s84) Not obtained Not obtained
- Staff training Not agreed Agreed
CDD & entity work
AMLTrancheFreeAML
- Customer due diligence Agreed Agreed
- Know-your-business (entity checks) Not obtained Agreed
- Beneficial ownership and control Agreed Agreed
- Enhanced due diligence Not obtained Not obtained
- Reliance arrangements Not obtained Not obtained
Identity verification
AMLTrancheFreeAML
- Electronic identity verification Agreed Agreed
- Biometric liveness and face match Agreed Agreed
- Document Verification Service (DVS) access Not obtained Agreed
Screening & monitoring
AMLTrancheFreeAML
- PEP and sanctions screening Agreed Agreed
- Adverse media screening Agreed Agreed
- Ongoing customer monitoring Agreed Agreed
- Automated transaction monitoring (bank-style rules) Queried Not obtained
Reporting & control
AMLTrancheFreeAML
- Suspicious matter report workflow Agreed Not obtained
- AUSTRAC SMR XML export Not agreed Agreed
- Tipping-off controls (s123) Agreed Not obtained
- Threshold transaction reporting Agreed Not obtained
Evidence & extensibility
AMLTrancheFreeAML
- Evidence pack export Agreed Agreed
- Immutable audit log Agreed Not obtained
- API access Not obtained Not obtained
Tranche 2 operations
AMLTrancheFreeAML
- Risk assessed per designated service Queried Queried
- Ongoing monitoring triggered by designated service and risk Queried Queried
- Program obligations calendar Queried Not obtained
- Versioned AML program and CDD records Queried Queried
- Escalation to AMLCO or manager with outcome recorded Queried Not obtained
- Expired document alerts Not obtained 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)Enhanced due diligenceReliance arrangementsDocument Verification Service (DVS) accessAPI accessExpired document alerts
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 youProvider facts checked through 8 October 2026. Source records: AMLTranche on AML Directory · FreeAML on AML Directory