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

ClearAML vs TrustSoft

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

TrustSoft

AML module in another product

Entry price
$99.00/mo
Evidence
65%
Marketed to
Accounting
Data residency
Not established

Choose ClearAML when...

  • Independent evaluation support (s84) is verified — TrustSoft has not established it.
  • Ongoing customer monitoring is verified — TrustSoft has not established it.
  • AUSTRAC SMR XML export is verified — TrustSoft has not established it.
  • Versioned AML program and CDD records is verified — TrustSoft has not established it.

Choose TrustSoft when...

  • AML/CTF program creation is verified — ClearAML has not established it.
  • Program maintenance and review is verified — ClearAML has not established it.
  • Enhanced due diligence 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 screeningSuspicious matter report workflowThreshold transaction reportingEvidence pack export

Biggest differences

FieldClearAMLTrustSoft
AML/CTF program creationNot establishedVerified
Program maintenance and reviewNot establishedVerified
Independent evaluation support (s84)VerifiedNot established
Enhanced due diligenceNot establishedVerified
Adverse media screeningNot establishedVerified
Ongoing customer monitoringVerifiedNot established
AUSTRAC SMR XML exportVerifiedNot established
Ongoing monitoring triggered by designated service and riskPartialNot established
Program obligations calendarPartialNot established
Versioned AML program and CDD recordsVerifiedPartial
Expired document alertsPartialNot established
Reliance CDD requests sent and receivedPartialNot established
Product typePlatformModule
Named integrations0 named3 named

Capabilities, section by section

Program & governance

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

CDD & entity work

ClearAMLTrustSoft
  • 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

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

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

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

Tranche 2 operations

ClearAMLTrustSoft
  • Risk assessed per designated service Queried Queried
  • Ongoing monitoring triggered by designated service and risk Queried Not obtained
  • Program obligations calendar Queried Not obtained
  • Versioned AML program and CDD records Agreed Queried
  • 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 you

Provider facts checked through 8 October 2026. Source records: ClearAML on AML Directory · TrustSoft on AML Directory