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

SimpleAML 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.

SimpleAML

Local register

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

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 SimpleAML when...

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

Choose Syntrico 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.

Where both fit

Risk assessmentStaff training

Biggest differences

FieldSimpleAMLSyntrico
AML/CTF program creationPartialVerified
Program maintenance and reviewNot establishedPartial
Independent evaluation support (s84)Not establishedPartial
Customer due diligencePartialVerified
Know-your-business (entity checks)NoVerified
Beneficial ownership and controlNot establishedVerified
Enhanced due diligenceNot establishedPartial
Electronic identity verificationNoVerified
PEP and sanctions screeningNoVerified
Adverse media screeningNot establishedVerified
Ongoing customer monitoringNot establishedVerified
Automated transaction monitoring (bank-style rules)Not establishedVerified
Suspicious matter report workflowPartialVerified
AUSTRAC SMR XML exportNoNot established

Capabilities, section by section

Program & governance

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

CDD & entity work

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

Identity verification

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

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

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

Tranche 2 operations

SimpleAMLSyntrico
  • Risk assessed per designated service Agreed Queried
  • Ongoing monitoring triggered by designated service and risk Agreed Queried
  • Program obligations calendar Queried Not obtained
  • Versioned AML program and CDD records Agreed Queried
  • Escalation to AMLCO or manager with outcome recorded Queried Queried
  • Expired document alerts Not obtained Agreed
  • 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)Beneficial ownership and controlEnhanced due diligenceReliance arrangementsBiometric liveness and face matchDocument Verification Service (DVS) accessAdverse media screening

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: SimpleAML on AML Directory · Syntrico on AML Directory