SubjectTwo records, worked side by side
Records checked to8 October 2026
ClearAML 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.
ClearAML
Full AML/CTF platform
- Entry price
- $49.00/mo
- Evidence
- 74%
- Marketed to
- Accounting, Real estate, Legal, Conveyancing
- Data residency
- australia
SimpleAML
Local register
- Entry price
- $0.00/mo
- Evidence
- 55%
- Marketed to
- Accounting, Real estate, Conveyancing
- Data residency
- Not established
Choose ClearAML when...
- Independent evaluation support (s84) is verified — SimpleAML has not established it.
- Customer due diligence is verified — SimpleAML has not established it.
- Know-your-business (entity checks) 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.
Choose SimpleAML when...
- Tipping-off controls (s123) is verified — ClearAML has not established it.
- Risk assessed per designated service is verified — ClearAML has not established it.
- Ongoing monitoring triggered by designated service and risk is verified — ClearAML has not established it.
Where both fit
Risk assessmentStaff trainingVersioned AML program and CDD records
Biggest differences
| Field | ClearAML | SimpleAML |
|---|---|---|
| AML/CTF program creation | Not established | Partial |
| Independent evaluation support (s84) | Verified | Not established |
| Customer due diligence | Verified | Partial |
| Know-your-business (entity checks) | Verified | No |
| Beneficial ownership and control | Verified | Not established |
| Electronic identity verification | Verified | No |
| Biometric liveness and face match | Verified | Not established |
| Document Verification Service (DVS) access | Verified | Not established |
| PEP and sanctions screening | Verified | No |
| Ongoing customer monitoring | Verified | Not established |
| Automated transaction monitoring (bank-style rules) | Partial | Not established |
| Suspicious matter report workflow | Verified | Partial |
| AUSTRAC SMR XML export | Verified | No |
| Tipping-off controls (s123) | Not established | Verified |
Capabilities, section by section
Program & governance
ClearAMLSimpleAML
- AML/CTF program creation Not obtained Queried
- Program maintenance and review Not obtained Not obtained
- Risk assessment Agreed Agreed
- Independent evaluation support (s84) Agreed Not obtained
- Staff training Agreed Agreed
CDD & entity work
ClearAMLSimpleAML
- Customer due diligence Agreed Queried
- Know-your-business (entity checks) Agreed Not agreed
- Beneficial ownership and control Agreed Not obtained
- Enhanced due diligence Not obtained Not obtained
- Reliance arrangements Not obtained Not obtained
Identity verification
ClearAMLSimpleAML
- Electronic identity verification Agreed Not agreed
- Biometric liveness and face match Agreed Not obtained
- Document Verification Service (DVS) access Agreed Not obtained
Screening & monitoring
ClearAMLSimpleAML
- PEP and sanctions screening Agreed Not agreed
- Adverse media screening Not obtained Not obtained
- Ongoing customer monitoring Agreed Not obtained
- Automated transaction monitoring (bank-style rules) Queried Not obtained
Reporting & control
ClearAMLSimpleAML
- Suspicious matter report workflow Agreed Queried
- AUSTRAC SMR XML export Agreed Not agreed
- Tipping-off controls (s123) Not obtained Agreed
- Threshold transaction reporting Agreed Not obtained
Evidence & extensibility
ClearAMLSimpleAML
- Evidence pack export Agreed Not agreed
- Immutable audit log Not obtained Not agreed
- API access Not obtained Not obtained
Tranche 2 operations
ClearAMLSimpleAML
- 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 Agreed Agreed
- Escalation to AMLCO or manager with outcome recorded Queried Queried
- Expired document alerts Queried 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.
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 youProvider facts checked through 8 October 2026. Source records: ClearAML on AML Directory · SimpleAML on AML Directory