SubjectTwo records, worked side by side
Records checked to8 October 2026
First AML 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.
First AML
Full AML/CTF platform
- Entry price
- On application
- Evidence
- 65%
- Marketed to
- Accounting, Real estate, Legal, Conveyancing, Financial services
- Data residency
- australia
TrustSoft
AML module in another product
- Entry price
- $99.00/mo
- Evidence
- 65%
- Marketed to
- Accounting
- Data residency
- Not established
Choose First AML when...
- Ongoing customer monitoring is verified — TrustSoft has not established it.
- API access is verified — TrustSoft has not established it.
- Escalation to AMLCO or manager with outcome recorded is verified — TrustSoft has not established it.
- Expired document alerts is verified — TrustSoft has not established it.
- Reliance CDD requests sent and received is verified — TrustSoft has not established it.
Choose TrustSoft when...
- AML/CTF program creation is verified — First AML has not established it.
- Program maintenance and review is verified — First AML has not established it.
- Staff training is verified — First AML has not established it.
- Document Verification Service (DVS) access is verified — First AML has not established it.
- Adverse media screening is verified — First AML has not established it.
Where both fit
Risk assessmentCustomer due diligenceKnow-your-business (entity checks)Beneficial ownership and controlEnhanced due diligenceElectronic identity verificationBiometric liveness and face matchPEP and sanctions screeningEvidence pack export
Biggest differences
| Field | First AML | TrustSoft |
|---|---|---|
| AML/CTF program creation | No | Verified |
| Program maintenance and review | Not established | Verified |
| Staff training | No | Verified |
| Document Verification Service (DVS) access | Not established | Verified |
| Adverse media screening | Partial | Verified |
| Ongoing customer monitoring | Verified | Not established |
| Automated transaction monitoring (bank-style rules) | Not established | Partial |
| Suspicious matter report workflow | Not established | Verified |
| Threshold transaction reporting | Not established | Verified |
| API access | Verified | Not established |
| Ongoing monitoring triggered by designated service and risk | Partial | Not established |
| Escalation to AMLCO or manager with outcome recorded | Verified | Partial |
| Expired document alerts | Verified | Not established |
| Reliance CDD requests sent and received | Verified | Not established |
Capabilities, section by section
Program & governance
First AMLTrustSoft
- AML/CTF program creation Not agreed Agreed
- Program maintenance and review Not obtained Agreed
- Risk assessment Agreed Agreed
- Independent evaluation support (s84) Not obtained Not obtained
- Staff training Not agreed Agreed
CDD & entity work
First AMLTrustSoft
- Customer due diligence Agreed Agreed
- Know-your-business (entity checks) Agreed Agreed
- Beneficial ownership and control Agreed Agreed
- Enhanced due diligence Agreed Agreed
- Reliance arrangements Not obtained Not obtained
Identity verification
First AMLTrustSoft
- Electronic identity verification Agreed Agreed
- Biometric liveness and face match Agreed Agreed
- Document Verification Service (DVS) access Not obtained Agreed
Screening & monitoring
First AMLTrustSoft
- PEP and sanctions screening Agreed Agreed
- Adverse media screening Queried Agreed
- Ongoing customer monitoring Agreed Not obtained
- Automated transaction monitoring (bank-style rules) Not obtained Queried
Reporting & control
First AMLTrustSoft
- 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 AMLTrustSoft
- Evidence pack export Agreed Agreed
- Immutable audit log Not obtained Not obtained
- API access Agreed Not obtained
Tranche 2 operations
First AMLTrustSoft
- Risk assessed per designated service Queried Queried
- Ongoing monitoring triggered by designated service and risk Queried Not obtained
- 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 Not obtained
- 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 youProvider facts checked through 8 October 2026. Source records: First AML on AML Directory · TrustSoft on AML Directory