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AML FinderAustralia

ClearAML 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.

Product A

ClearAML

Full AML/CTF platform

Entry price
$49.00/mo
Evidence
63%
Marketed to
Accounting, Real estate, Legal, Conveyancing
Data residency
Not established

Product B

FreeAML

Verification layer

Entry price
$15.00/check
Evidence
54%
Marketed to
Accounting, Real estate, Conveyancing, Legal
Data residency
Not established

Choose ClearAML when...

  • Independent evaluation support (s84) is verified — FreeAML has not established it.
  • Transaction monitoring is verified — FreeAML has not established it.
  • Suspicious matter report workflow is verified — FreeAML has not established it.
  • Threshold transaction reporting is verified — FreeAML has not established it.

Choose FreeAML when...

  • AML/CTF program creation is verified — ClearAML has not established it.
  • Adverse media screening is verified — ClearAML has not established it.

Where both fit

Risk assessmentStaff trainingCustomer due diligenceKnow-your-business (entity checks)Beneficial ownership and controlElectronic identity verificationBiometric liveness and face matchDocument Verification Service (DVS) accessPEP and sanctions screeningOngoing customer monitoringEvidence pack export

Biggest differences

FieldClearAMLFreeAML
AML/CTF program creationNot establishedVerified
Independent evaluation support (s84)VerifiedNot established
Adverse media screeningNot establishedVerified
Transaction monitoringVerifiedNot established
Suspicious matter report workflowVerifiedNot established
Threshold transaction reportingVerifiedNot established
Product typePlatformVerification

Capabilities, section by section

Program & governance

  • AML/CTF program creation Needs confirmation Verified
  • Program maintenance and review Needs confirmation Needs confirmation
  • Risk assessment Verified Verified
  • Independent evaluation support (s84) Verified Needs confirmation
  • Staff training Verified Verified

CDD & entity work

  • Customer due diligence Verified Verified
  • Know-your-business (entity checks) Verified Verified
  • Beneficial ownership and control Verified Verified
  • Enhanced due diligence Needs confirmation Needs confirmation
  • Reliance arrangements Needs confirmation Needs confirmation

Identity verification

  • Electronic identity verification Verified Verified
  • Biometric liveness and face match Verified Verified
  • Document Verification Service (DVS) access Verified Verified

Screening & monitoring

  • PEP and sanctions screening Verified Verified
  • Adverse media screening Needs confirmation Verified
  • Ongoing customer monitoring Verified Verified
  • Transaction monitoring Verified Needs confirmation

Reporting & control

  • Suspicious matter report workflow Verified Needs confirmation
  • AUSTRAC SMR XML export Needs confirmation Needs confirmation
  • Tipping-off controls (s123) Needs confirmation Needs confirmation
  • Threshold transaction reporting Verified Needs confirmation

Evidence & extensibility

  • Evidence pack export Verified Verified
  • Immutable audit log Needs confirmation Needs confirmation
  • API access Needs confirmation Needs confirmation

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 screeningAUSTRAC SMR XML exportTipping-off controls (s123)Immutable audit log

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: ClearAML on AML Directory · FreeAML on AML Directory