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AML FinderAustralia

OverSEER 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

OverSEER AML

Full AML/CTF platform

Entry price
$350.00/mo
Evidence
0%
Marketed to
Not established
Data residency
Not established

Product B

SimpleAML

Local register

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

Choose OverSEER AML when...

No capability is verified for OverSEER AML that is not also established for SimpleAML.

Choose SimpleAML when...

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

Biggest differences

FieldOverSEER AMLSimpleAML
AML/CTF program creationNot establishedPartial
Risk assessmentNot establishedVerified
Staff trainingNot establishedVerified
Customer due diligenceNot establishedPartial
Know-your-business (entity checks)Not establishedNo
Electronic identity verificationNot establishedNo
PEP and sanctions screeningNot establishedNo
Transaction monitoringNot establishedNo
Suspicious matter report workflowNot establishedPartial
AUSTRAC SMR XML exportNot establishedNo
Tipping-off controls (s123)Not establishedVerified
Evidence pack exportNot establishedNo
Immutable audit logNot establishedNo
Product typePlatformRegister

Capabilities, section by section

Program & governance

  • AML/CTF program creation Needs confirmation Partial
  • Program maintenance and review Needs confirmation Needs confirmation
  • Risk assessment Needs confirmation Verified
  • Independent evaluation support (s84) Needs confirmation Needs confirmation
  • Staff training Needs confirmation Verified

CDD & entity work

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

Identity verification

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

Screening & monitoring

  • PEP and sanctions screening Needs confirmation No
  • Adverse media screening Needs confirmation Needs confirmation
  • Ongoing customer monitoring Needs confirmation 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 Needs confirmation No
  • Immutable audit log Needs confirmation No
  • API access Needs confirmation Needs confirmation

Unknowns to confirm

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

AML/CTF program creationProgram maintenance and reviewRisk assessmentIndependent evaluation support (s84)Staff trainingCustomer due diligenceKnow-your-business (entity checks)Beneficial ownership and control

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: OverSEER AML on AML Directory · SimpleAML on AML Directory