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

FreeAML 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.

FreeAML

Verification layer

Entry price
$20.00/check
Evidence
55%
Marketed to
Accounting, Real estate, Conveyancing, Legal
Data residency
Not established

SimpleAML

Local register

Entry price
$0.00/mo
Evidence
55%
Marketed to
Accounting, Real estate, Conveyancing
Data residency
Not established

Choose FreeAML 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.
  • Beneficial ownership and control is verified — SimpleAML has not established it.
  • Electronic identity verification is verified — SimpleAML has not established it.

Choose SimpleAML when...

  • Tipping-off controls (s123) is verified — FreeAML has not established it.
  • Risk assessed per designated service is verified — FreeAML has not established it.
  • Ongoing monitoring triggered by designated service and risk is verified — FreeAML has not established it.
  • Versioned AML program and CDD records is verified — FreeAML has not established it.

Where both fit

Risk assessmentStaff training

Biggest differences

FieldFreeAMLSimpleAML
AML/CTF program creationVerifiedPartial
Customer due diligenceVerifiedPartial
Know-your-business (entity checks)VerifiedNo
Beneficial ownership and controlVerifiedNot established
Electronic identity verificationVerifiedNo
Biometric liveness and face matchVerifiedNot established
Document Verification Service (DVS) accessVerifiedNot established
PEP and sanctions screeningVerifiedNo
Adverse media screeningVerifiedNot established
Ongoing customer monitoringVerifiedNot established
Suspicious matter report workflowNot establishedPartial
AUSTRAC SMR XML exportVerifiedNo
Tipping-off controls (s123)Not establishedVerified
Evidence pack exportVerifiedNo

Capabilities, section by section

Program & governance

FreeAMLSimpleAML
  • 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

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

Identity verification

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

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

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

Tranche 2 operations

FreeAMLSimpleAML
  • Risk assessed per designated service Queried Agreed
  • Ongoing monitoring triggered by designated service and risk Queried Agreed
  • Program obligations calendar Not obtained Queried
  • Versioned AML program and CDD records Queried Agreed
  • Escalation to AMLCO or manager with outcome recorded Not obtained 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)Enhanced due diligenceReliance arrangementsAutomated transaction monitoring (bank-style rules)Suspicious matter report workflowTipping-off controls (s123)Threshold transaction reporting

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: FreeAML on AML Directory · SimpleAML on AML Directory