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AML FinderAustralia

First AML 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.

Product A

First AML

Full AML/CTF platform

Entry price
On application
Evidence
58%
Marketed to
Accounting, Real estate, Legal, Conveyancing, Financial services
Data residency
mixed

Product B

SimpleAML

Local register

Entry price
$0.00/mo
Evidence
54%
Marketed to
Accounting, Real estate, Conveyancing
Data residency
Not established

Choose First AML when...

  • 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.
  • Enhanced due diligence is verified — SimpleAML has not established it.
  • Electronic identity verification is verified — SimpleAML has not established it.

Choose SimpleAML when...

  • Staff training is verified — First AML has not established it.
  • Tipping-off controls (s123) is verified — First AML has not established it.

Where both fit

Risk assessment

Biggest differences

FieldFirst AMLSimpleAML
AML/CTF program creationNoPartial
Staff trainingNoVerified
Customer due diligenceVerifiedPartial
Know-your-business (entity checks)VerifiedNo
Beneficial ownership and controlVerifiedNot established
Enhanced due diligenceVerifiedNot established
Electronic identity verificationVerifiedNo
Biometric liveness and face matchVerifiedNot established
PEP and sanctions screeningVerifiedNo
Adverse media screeningPartialNot established
Ongoing customer monitoringVerifiedNot established
Transaction monitoringNot establishedNo
Suspicious matter report workflowNot establishedPartial
AUSTRAC SMR XML exportNot establishedNo

Capabilities, section by section

Program & governance

  • AML/CTF program creation No Partial
  • Program maintenance and review Needs confirmation Needs confirmation
  • Risk assessment Verified Verified
  • Independent evaluation support (s84) Needs confirmation Needs confirmation
  • Staff training No Verified

CDD & entity work

  • Customer due diligence Verified Partial
  • Know-your-business (entity checks) Verified No
  • Beneficial ownership and control Verified Needs confirmation
  • Enhanced due diligence Verified Needs confirmation
  • Reliance arrangements Needs confirmation Needs confirmation

Identity verification

  • Electronic identity verification Verified No
  • Biometric liveness and face match Verified Needs confirmation
  • Document Verification Service (DVS) access Needs confirmation Needs confirmation

Screening & monitoring

  • PEP and sanctions screening Verified No
  • Adverse media screening Partial Needs confirmation
  • Ongoing customer monitoring Verified Needs confirmation
  • Transaction monitoring Needs confirmation No

Reporting & control

  • Suspicious matter report workflow Needs confirmation Partial
  • AUSTRAC SMR XML export Needs confirmation No
  • Tipping-off controls (s123) Needs confirmation Verified
  • Threshold transaction reporting Needs confirmation Needs confirmation

Evidence & extensibility

  • Evidence pack export Verified No
  • Immutable audit log Needs confirmation No
  • API access Verified Needs confirmation

Unknowns to confirm

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

Program maintenance and reviewIndependent evaluation support (s84)Reliance arrangementsDocument Verification Service (DVS) accessTransaction monitoringSuspicious matter report workflowAUSTRAC SMR XML exportTipping-off controls (s123)

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: First AML on AML Directory · SimpleAML on AML Directory