SubjectTwo records, worked side by side
Records checked to8 October 2026
AML SoftServe 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.
AML SoftServe
Full AML/CTF platform
- Entry price
- $96.00/mo
- Evidence
- 42%
- Marketed to
- Not established
- Data residency
- mixed
SimpleAML
Local register
- Entry price
- $0.00/mo
- Evidence
- 55%
- Marketed to
- Accounting, Real estate, Conveyancing
- Data residency
- Not established
Choose AML SoftServe 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.
- Enhanced due diligence is verified — SimpleAML has not established it.
- Electronic identity verification is verified — SimpleAML has not established it.
Choose SimpleAML when...
- Tipping-off controls (s123) is verified — AML SoftServe has not established it.
- Ongoing monitoring triggered by designated service and risk is verified — AML SoftServe has not established it.
- Versioned AML program and CDD records is verified — AML SoftServe has not established it.
Where both fit
Risk assessmentStaff trainingRisk assessed per designated service
Biggest differences
| Field | AML SoftServe | SimpleAML |
|---|---|---|
| AML/CTF program creation | Verified | Partial |
| Customer due diligence | Verified | Partial |
| Know-your-business (entity checks) | Verified | No |
| Enhanced due diligence | Verified | Not established |
| Electronic identity verification | Verified | No |
| Biometric liveness and face match | Verified | Not established |
| PEP and sanctions screening | Verified | No |
| Adverse media screening | Verified | Not established |
| Ongoing customer monitoring | Verified | Not established |
| Suspicious matter report workflow | Not established | Partial |
| AUSTRAC SMR XML export | Not established | No |
| Tipping-off controls (s123) | Not established | Verified |
| Evidence pack export | Not established | No |
| Immutable audit log | Not established | No |
Capabilities, section by section
Program & governance
AML SoftServeSimpleAML
- AML/CTF program creation Agreed Queried
- 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 SoftServeSimpleAML
- Customer due diligence Agreed Queried
- Know-your-business (entity checks) Agreed Not agreed
- Beneficial ownership and control Not obtained Not obtained
- Enhanced due diligence Agreed Not obtained
- Reliance arrangements Not obtained Not obtained
Identity verification
AML SoftServeSimpleAML
- Electronic identity verification Agreed Not agreed
- Biometric liveness and face match Agreed Not obtained
- Document Verification Service (DVS) access Not obtained Not obtained
Screening & monitoring
AML SoftServeSimpleAML
- PEP and sanctions screening Agreed Not agreed
- Adverse media screening Agreed Not obtained
- Ongoing customer monitoring Agreed Not obtained
- Automated transaction monitoring (bank-style rules) Not obtained Not obtained
Reporting & control
AML SoftServeSimpleAML
- Suspicious matter report workflow Not obtained Queried
- AUSTRAC SMR XML export Not obtained Not agreed
- Tipping-off controls (s123) Not obtained Agreed
- Threshold transaction reporting Not obtained Not obtained
Evidence & extensibility
AML SoftServeSimpleAML
- Evidence pack export Not obtained Not agreed
- Immutable audit log Not obtained Not agreed
- API access Not obtained Not obtained
Tranche 2 operations
AML SoftServeSimpleAML
- Risk assessed per designated service Agreed Agreed
- Ongoing monitoring triggered by designated service and risk Not obtained Agreed
- Program obligations calendar Not obtained Queried
- Versioned AML program and CDD records Queried Agreed
- Escalation to AMLCO or manager with outcome recorded Not obtained 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 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 · SimpleAML on AML Directory