SubjectTwo records, worked side by side
Records checked to8 October 2026
AML SoftServe vs First AML
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.
AML SoftServe
Full AML/CTF platform
- Entry price
- $96.00/mo
- Evidence
- 42%
- Marketed to
- Not established
- Data residency
- mixed
First AML
Full AML/CTF platform
- Entry price
- On application
- Evidence
- 65%
- Marketed to
- Accounting, Real estate, Legal, Conveyancing, Financial services
- Data residency
- australia
Choose AML SoftServe when...
- AML/CTF program creation is verified — First AML has not established it.
- Staff training is verified — First AML has not established it.
- Adverse media screening is verified — First AML has not established it.
- Risk assessed per designated service is verified — First AML has not established it.
Choose First AML when...
- Beneficial ownership and control is verified — AML SoftServe has not established it.
- Evidence pack export is verified — AML SoftServe has not established it.
- API access is verified — AML SoftServe has not established it.
- Escalation to AMLCO or manager with outcome recorded is verified — AML SoftServe has not established it.
- Expired document alerts is verified — AML SoftServe has not established it.
Where both fit
Risk assessmentCustomer due diligenceKnow-your-business (entity checks)Enhanced due diligenceElectronic identity verificationBiometric liveness and face matchPEP and sanctions screeningOngoing customer monitoring
Biggest differences
| Field | AML SoftServe | First AML |
|---|---|---|
| AML/CTF program creation | Verified | No |
| Staff training | Verified | No |
| Beneficial ownership and control | Not established | Verified |
| Adverse media screening | Verified | Partial |
| Evidence pack export | Not established | Verified |
| API access | Not established | Verified |
| Risk assessed per designated service | Verified | Partial |
| Ongoing monitoring triggered by designated service and risk | Not established | Partial |
| Escalation to AMLCO or manager with outcome recorded | Not established | Verified |
| Expired document alerts | Not established | Verified |
| Reliance CDD requests sent and received | Not established | Verified |
| Named integrations | 0 named | 12 named |
| Data residency | mixed | australia |
Capabilities, section by section
Program & governance
AML SoftServeFirst AML
- AML/CTF program creation Agreed Not agreed
- Program maintenance and review Not obtained Not obtained
- Risk assessment Agreed Agreed
- Independent evaluation support (s84) Not obtained Not obtained
- Staff training Agreed Not agreed
CDD & entity work
AML SoftServeFirst AML
- Customer due diligence Agreed Agreed
- Know-your-business (entity checks) Agreed Agreed
- Beneficial ownership and control Not obtained Agreed
- Enhanced due diligence Agreed Agreed
- Reliance arrangements Not obtained Not obtained
Identity verification
AML SoftServeFirst AML
- Electronic identity verification Agreed Agreed
- Biometric liveness and face match Agreed Agreed
- Document Verification Service (DVS) access Not obtained Not obtained
Screening & monitoring
AML SoftServeFirst AML
- PEP and sanctions screening Agreed Agreed
- Adverse media screening Agreed Queried
- Ongoing customer monitoring Agreed Agreed
- Automated transaction monitoring (bank-style rules) Not obtained Not obtained
Reporting & control
AML SoftServeFirst AML
- Suspicious matter report workflow Not obtained Not obtained
- AUSTRAC SMR XML export Not obtained Not obtained
- Tipping-off controls (s123) Not obtained Not obtained
- Threshold transaction reporting Not obtained Not obtained
Evidence & extensibility
AML SoftServeFirst AML
- Evidence pack export Not obtained Agreed
- Immutable audit log Not obtained Not obtained
- API access Not obtained Agreed
Tranche 2 operations
AML SoftServeFirst AML
- Risk assessed per designated service Agreed Queried
- Ongoing monitoring triggered by designated service and risk Not obtained Queried
- Program obligations calendar Not obtained Not obtained
- Versioned AML program and CDD records Queried Queried
- Escalation to AMLCO or manager with outcome recorded Not obtained Agreed
- Expired document alerts Not obtained Agreed
- Reliance CDD requests sent and received Not obtained Agreed
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 controlReliance arrangementsDocument Verification Service (DVS) accessAutomated transaction monitoring (bank-style rules)Suspicious matter report workflowAUSTRAC SMR XML export
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: AML SoftServe on AML Directory · First AML on AML Directory