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

AML SoftServe vs FreeAML

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

FreeAML

Verification layer

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

Choose AML SoftServe when...

  • Enhanced due diligence is verified — FreeAML has not established it.
  • Risk assessed per designated service is verified — FreeAML has not established it.

Choose FreeAML when...

  • Beneficial ownership and control is verified — AML SoftServe has not established it.
  • Document Verification Service (DVS) access is verified — AML SoftServe has not established it.
  • AUSTRAC SMR XML export is verified — AML SoftServe has not established it.
  • Evidence pack export is verified — AML SoftServe has not established it.

Where both fit

AML/CTF program creationRisk assessmentStaff trainingCustomer due diligenceKnow-your-business (entity checks)Electronic identity verificationBiometric liveness and face matchPEP and sanctions screeningAdverse media screeningOngoing customer monitoring

Biggest differences

FieldAML SoftServeFreeAML
Beneficial ownership and controlNot establishedVerified
Enhanced due diligenceVerifiedNot established
Document Verification Service (DVS) accessNot establishedVerified
AUSTRAC SMR XML exportNot establishedVerified
Evidence pack exportNot establishedVerified
Risk assessed per designated serviceVerifiedPartial
Ongoing monitoring triggered by designated service and riskNot establishedPartial
Product typePlatformVerification
Data residencymixedunknown

Capabilities, section by section

Program & governance

AML SoftServeFreeAML
  • AML/CTF program creation Agreed Agreed
  • 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

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

Identity verification

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

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

AML SoftServeFreeAML
  • Evidence pack export Not obtained Agreed
  • Immutable audit log Not obtained Not obtained
  • API access Not obtained Not obtained

Tranche 2 operations

AML SoftServeFreeAML
  • 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 Not obtained
  • 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 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 you

Provider facts checked through 8 October 2026. Source records: AML SoftServe on AML Directory · FreeAML on AML Directory