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

AMLTranche 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.

AMLTranche

Full AML/CTF platform

Entry price
$59.00/mo
Evidence
74%
Marketed to
Real estate, Conveyancing, Accounting, Precious metals & stones
Data residency
mixed

SimpleAML

Local register

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

Choose AMLTranche when...

  • AML/CTF program creation is verified — SimpleAML has not established it.
  • Customer due diligence is verified — SimpleAML has not established it.
  • Beneficial ownership and control is verified — SimpleAML has not established it.
  • Electronic identity verification is verified — SimpleAML has not established it.
  • Biometric liveness and face match is verified — SimpleAML has not established it.

Choose SimpleAML when...

  • Staff training is verified — AMLTranche has not established it.
  • Risk assessed per designated service is verified — AMLTranche has not established it.
  • Ongoing monitoring triggered by designated service and risk is verified — AMLTranche has not established it.
  • Versioned AML program and CDD records is verified — AMLTranche has not established it.

Where both fit

Risk assessmentTipping-off controls (s123)

Biggest differences

FieldAMLTrancheSimpleAML
AML/CTF program creationVerifiedPartial
Staff trainingNoVerified
Customer due diligenceVerifiedPartial
Know-your-business (entity checks)Not establishedNo
Beneficial ownership and controlVerifiedNot established
Electronic identity verificationVerifiedNo
Biometric liveness and face matchVerifiedNot established
PEP and sanctions screeningVerifiedNo
Adverse media screeningVerifiedNot established
Ongoing customer monitoringVerifiedNot established
Automated transaction monitoring (bank-style rules)PartialNot established
Suspicious matter report workflowVerifiedPartial
Threshold transaction reportingVerifiedNot established
Evidence pack exportVerifiedNo

Capabilities, section by section

Program & governance

AMLTrancheSimpleAML
  • AML/CTF program creation Agreed Queried
  • 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

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

Identity verification

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

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

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

Tranche 2 operations

AMLTrancheSimpleAML
  • 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 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 you

Provider facts checked through 8 October 2026. Source records: AMLTranche on AML Directory · SimpleAML on AML Directory