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

ClearAML vs First AML

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.

ClearAML

Full AML/CTF platform

Entry price
$49.00/mo
Evidence
74%
Marketed to
Accounting, Real estate, Legal, Conveyancing
Data residency
australia

First AML

Full AML/CTF platform

Entry price
On application
Evidence
65%
Marketed to
Accounting, Real estate, Legal, Conveyancing, Financial services
Data residency
australia

Choose ClearAML when...

  • Independent evaluation support (s84) is verified — First AML has not established it.
  • Staff training is verified — First AML has not established it.
  • Document Verification Service (DVS) access is verified — First AML has not established it.
  • Suspicious matter report workflow is verified — First AML has not established it.
  • AUSTRAC SMR XML export is verified — First AML has not established it.

Choose First AML when...

  • Enhanced due diligence is verified — ClearAML has not established it.
  • API access is verified — ClearAML has not established it.
  • Escalation to AMLCO or manager with outcome recorded is verified — ClearAML has not established it.
  • Expired document alerts is verified — ClearAML has not established it.
  • Reliance CDD requests sent and received is verified — ClearAML has not established it.

Where both fit

Risk assessmentCustomer due diligenceKnow-your-business (entity checks)Beneficial ownership and controlElectronic identity verificationBiometric liveness and face matchPEP and sanctions screeningOngoing customer monitoringEvidence pack export

Biggest differences

FieldClearAMLFirst AML
AML/CTF program creationNot establishedNo
Independent evaluation support (s84)VerifiedNot established
Staff trainingVerifiedNo
Enhanced due diligenceNot establishedVerified
Document Verification Service (DVS) accessVerifiedNot established
Adverse media screeningNot establishedPartial
Automated transaction monitoring (bank-style rules)PartialNot established
Suspicious matter report workflowVerifiedNot established
AUSTRAC SMR XML exportVerifiedNot established
Threshold transaction reportingVerifiedNot established
API accessNot establishedVerified
Program obligations calendarPartialNot established
Versioned AML program and CDD recordsVerifiedPartial
Escalation to AMLCO or manager with outcome recordedPartialVerified

Capabilities, section by section

Program & governance

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

CDD & entity work

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

Identity verification

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

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

ClearAMLFirst AML
  • Evidence pack export Agreed Agreed
  • Immutable audit log Not obtained Not obtained
  • API access Not obtained Agreed

Tranche 2 operations

ClearAMLFirst AML
  • 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 Agreed Queried
  • Escalation to AMLCO or manager with outcome recorded Queried Agreed
  • Expired document alerts Queried Agreed
  • Reliance CDD requests sent and received Queried Agreed

Unknowns to confirm

Not established for at least one of these two — ask before relying on it.

AML/CTF program creationProgram maintenance and reviewEnhanced due diligenceReliance arrangementsAdverse media screeningTipping-off controls (s123)Immutable audit logAPI 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: ClearAML on AML Directory · First AML on AML Directory