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

First AML vs Syntrico

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.

First AML

Full AML/CTF platform

Entry price
On application
Evidence
65%
Marketed to
Accounting, Real estate, Legal, Conveyancing, Financial services
Data residency
australia

Syntrico

Full AML/CTF platform

Entry price
$149.00/mo
Evidence
74%
Marketed to
Real estate, Legal, Conveyancing, Accounting, Precious metals & stones, Other
Data residency
australia

Choose First AML when...

  • Enhanced due diligence is verified — Syntrico has not established it.
  • Biometric liveness and face match is verified — Syntrico has not established it.
  • API access is verified — Syntrico has not established it.
  • Escalation to AMLCO or manager with outcome recorded is verified — Syntrico has not established it.
  • Reliance CDD requests sent and received is verified — Syntrico has not established it.

Choose Syntrico when...

  • AML/CTF program creation is verified — First AML has not established it.
  • Staff training is verified — First AML has not established it.
  • Adverse media screening is verified — First AML has not established it.
  • Automated transaction monitoring (bank-style rules) is verified — First AML has not established it.
  • Suspicious matter report workflow is verified — First AML has not established it.

Where both fit

Risk assessmentCustomer due diligenceKnow-your-business (entity checks)Beneficial ownership and controlElectronic identity verificationPEP and sanctions screeningOngoing customer monitoringEvidence pack exportExpired document alerts

Biggest differences

FieldFirst AMLSyntrico
AML/CTF program creationNoVerified
Program maintenance and reviewNot establishedPartial
Independent evaluation support (s84)Not establishedPartial
Staff trainingNoVerified
Enhanced due diligenceVerifiedPartial
Biometric liveness and face matchVerifiedNot established
Adverse media screeningPartialVerified
Automated transaction monitoring (bank-style rules)Not establishedVerified
Suspicious matter report workflowNot establishedVerified
Threshold transaction reportingNot establishedVerified
API accessVerifiedPartial
Escalation to AMLCO or manager with outcome recordedVerifiedPartial
Reliance CDD requests sent and receivedVerifiedNot established
Named integrations12 named1 named

Capabilities, section by section

Program & governance

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

CDD & entity work

First AMLSyntrico
  • Customer due diligence Agreed Agreed
  • Know-your-business (entity checks) Agreed Agreed
  • Beneficial ownership and control Agreed Agreed
  • Enhanced due diligence Agreed Queried
  • Reliance arrangements Not obtained Not obtained

Identity verification

First AMLSyntrico
  • Electronic identity verification Agreed Agreed
  • Biometric liveness and face match Agreed Not obtained
  • Document Verification Service (DVS) access Not obtained Not obtained

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

First AMLSyntrico
  • Evidence pack export Agreed Agreed
  • Immutable audit log Not obtained Not obtained
  • API access Agreed Queried

Tranche 2 operations

First AMLSyntrico
  • Risk assessed per designated service Queried Queried
  • Ongoing monitoring triggered by designated service and risk Queried Queried
  • Program obligations calendar Not obtained Not obtained
  • Versioned AML program and CDD records Queried Queried
  • Escalation to AMLCO or manager with outcome recorded Agreed Queried
  • Expired document alerts Agreed Agreed
  • Reliance CDD requests sent and received Agreed 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)Reliance arrangementsDocument Verification Service (DVS) accessAutomated transaction monitoring (bank-style rules)Suspicious 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 8 October 2026. Source records: First AML on AML Directory · Syntrico on AML Directory