SubjectTwo records, worked side by side
Records checked to8 October 2026
SimpleAML 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.
SimpleAML
Local register
- Entry price
- $0.00/mo
- Evidence
- 55%
- Marketed to
- Accounting, Real estate, Conveyancing
- Data residency
- Not established
TrustSoft
AML module in another product
- Entry price
- $99.00/mo
- Evidence
- 65%
- Marketed to
- Accounting
- Data residency
- Not established
Choose SimpleAML when...
- Tipping-off controls (s123) is verified — TrustSoft has not established it.
- Risk assessed per designated service is verified — TrustSoft has not established it.
- Ongoing monitoring triggered by designated service and risk is verified — TrustSoft has not established it.
- Versioned AML program and CDD records is verified — TrustSoft has not established it.
Choose TrustSoft when...
- AML/CTF program creation is verified — SimpleAML has not established it.
- Program maintenance and review 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.
Where both fit
Risk assessmentStaff training
Biggest differences
| Field | SimpleAML | TrustSoft |
|---|---|---|
| AML/CTF program creation | Partial | Verified |
| Program maintenance and review | Not established | Verified |
| Customer due diligence | Partial | Verified |
| Know-your-business (entity checks) | No | Verified |
| Beneficial ownership and control | Not established | Verified |
| Enhanced due diligence | Not established | Verified |
| Electronic identity verification | No | Verified |
| Biometric liveness and face match | Not established | Verified |
| Document Verification Service (DVS) access | Not established | Verified |
| PEP and sanctions screening | No | Verified |
| Adverse media screening | Not established | Verified |
| Automated transaction monitoring (bank-style rules) | Not established | Partial |
| Suspicious matter report workflow | Partial | Verified |
| AUSTRAC SMR XML export | No | Not established |
Capabilities, section by section
Program & governance
SimpleAMLTrustSoft
- AML/CTF program creation Queried Agreed
- Program maintenance and review Not obtained Agreed
- Risk assessment Agreed Agreed
- Independent evaluation support (s84) Not obtained Not obtained
- Staff training Agreed Agreed
CDD & entity work
SimpleAMLTrustSoft
- 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 Agreed
- Reliance arrangements Not obtained Not obtained
Identity verification
SimpleAMLTrustSoft
- Electronic identity verification Not agreed Agreed
- Biometric liveness and face match Not obtained Agreed
- Document Verification Service (DVS) access Not obtained Agreed
Screening & monitoring
SimpleAMLTrustSoft
- PEP and sanctions screening Not agreed Agreed
- Adverse media screening Not obtained Agreed
- Ongoing customer monitoring Not obtained Not obtained
- Automated transaction monitoring (bank-style rules) Not obtained Queried
Reporting & control
SimpleAMLTrustSoft
- 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
SimpleAMLTrustSoft
- Evidence pack export Not agreed Agreed
- Immutable audit log Not agreed Not obtained
- API access Not obtained Not obtained
Tranche 2 operations
SimpleAMLTrustSoft
- Risk assessed per designated service Agreed Queried
- Ongoing monitoring triggered by designated service and risk Agreed Not obtained
- 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 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)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 youProvider facts checked through 8 October 2026. Source records: SimpleAML on AML Directory · TrustSoft on AML Directory