SubjectTwo records, worked side by side
Records checked to8 October 2026
ComplyReady 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.
ComplyReady
Full AML/CTF platform
- Entry price
- $69.00/mo
- Evidence
- 48%
- Marketed to
- Accounting, Real estate, Legal, Conveyancing
- Data residency
- mixed
SimpleAML
Local register
- Entry price
- $0.00/mo
- Evidence
- 55%
- Marketed to
- Accounting, Real estate, Conveyancing
- Data residency
- Not established
Choose ComplyReady when...
- AML/CTF program creation 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.
- Electronic identity verification is verified — SimpleAML has not established it.
- Ongoing customer monitoring is verified — SimpleAML has not established it.
Choose SimpleAML when...
- Tipping-off controls (s123) is verified — ComplyReady has not established it.
- Risk assessed per designated service is verified — ComplyReady has not established it.
- Ongoing monitoring triggered by designated service and risk is verified — ComplyReady has not established it.
- Versioned AML program and CDD records is verified — ComplyReady has not established it.
Where both fit
Risk assessmentStaff training
Biggest differences
| Field | ComplyReady | SimpleAML |
|---|---|---|
| AML/CTF program creation | Verified | Partial |
| Customer due diligence | Verified | Partial |
| Know-your-business (entity checks) | Verified | No |
| Electronic identity verification | Verified | No |
| PEP and sanctions screening | Not established | 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 | Not established | No |
| Tipping-off controls (s123) | Not established | Verified |
| Threshold transaction reporting | Verified | Not established |
| Evidence pack export | Not established | No |
| Immutable audit log | Not established | No |
| API access | Verified | Not established |
Capabilities, section by section
Program & governance
ComplyReadySimpleAML
- 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 Agreed Agreed
CDD & entity work
ComplyReadySimpleAML
- Customer due diligence Agreed Queried
- Know-your-business (entity checks) Agreed Not agreed
- Beneficial ownership and control Not obtained Not obtained
- Enhanced due diligence Not obtained Not obtained
- Reliance arrangements Not obtained Not obtained
Identity verification
ComplyReadySimpleAML
- Electronic identity verification Agreed Not agreed
- Biometric liveness and face match Not obtained Not obtained
- Document Verification Service (DVS) access Not obtained Not obtained
Screening & monitoring
ComplyReadySimpleAML
- PEP and sanctions screening Not obtained 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
ComplyReadySimpleAML
- Suspicious matter report workflow Agreed Queried
- AUSTRAC SMR XML export Not obtained Not agreed
- Tipping-off controls (s123) Not obtained Agreed
- Threshold transaction reporting Agreed Not obtained
Evidence & extensibility
ComplyReadySimpleAML
- Evidence pack export Not obtained Not agreed
- Immutable audit log Not obtained Not agreed
- API access Agreed Not obtained
Tranche 2 operations
ComplyReadySimpleAML
- Risk assessed per designated service Queried Agreed
- Ongoing monitoring triggered by designated service and risk Not obtained 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 Not obtained 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)Beneficial ownership and controlEnhanced due diligenceReliance arrangementsBiometric liveness and face matchDocument Verification Service (DVS) accessPEP and sanctions screening
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: ComplyReady on AML Directory · SimpleAML on AML Directory