SubjectTwo records, worked side by side
Records checked to8 October 2026
AMLCompliant 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.
AMLCompliant
Document / template pack
- Entry price
- $497.00
- Evidence
- 87%
- Marketed to
- Not established
- Data residency
- overseas
SimpleAML
Local register
- Entry price
- $0.00/mo
- Evidence
- 55%
- Marketed to
- Accounting, Real estate, Conveyancing
- Data residency
- Not established
Choose AMLCompliant when...
Nothing separates them here: every capability agreed for AMLCompliant is at least established for SimpleAML too.
Choose SimpleAML when...
- Risk assessment is verified — AMLCompliant has not established it.
- Staff training is verified — AMLCompliant has not established it.
- Tipping-off controls (s123) is verified — AMLCompliant has not established it.
- Risk assessed per designated service is verified — AMLCompliant has not established it.
- Ongoing monitoring triggered by designated service and risk is verified — AMLCompliant has not established it.
Biggest differences
| Field | AMLCompliant | SimpleAML |
|---|---|---|
| AML/CTF program creation | No | Partial |
| Risk assessment | No | Verified |
| Staff training | No | Verified |
| Customer due diligence | No | Partial |
| Know-your-business (entity checks) | Not established | No |
| Beneficial ownership and control | No | Not established |
| Enhanced due diligence | No | Not established |
| Biometric liveness and face match | No | Not established |
| Document Verification Service (DVS) access | No | Not established |
| Adverse media screening | No | Not established |
| Ongoing customer monitoring | No | Not established |
| Automated transaction monitoring (bank-style rules) | No | Not established |
| Suspicious matter report workflow | No | Partial |
| Tipping-off controls (s123) | No | Verified |
Capabilities, section by section
Program & governance
AMLCompliantSimpleAML
- AML/CTF program creation Not agreed Queried
- Program maintenance and review Not obtained Not obtained
- Risk assessment Not agreed Agreed
- Independent evaluation support (s84) Not obtained Not obtained
- Staff training Not agreed Agreed
CDD & entity work
AMLCompliantSimpleAML
- Customer due diligence Not agreed Queried
- Know-your-business (entity checks) Not obtained Not agreed
- Beneficial ownership and control Not agreed Not obtained
- Enhanced due diligence Not agreed Not obtained
- Reliance arrangements Not obtained Not obtained
Identity verification
AMLCompliantSimpleAML
- Electronic identity verification Not agreed Not agreed
- Biometric liveness and face match Not agreed Not obtained
- Document Verification Service (DVS) access Not agreed Not obtained
Screening & monitoring
AMLCompliantSimpleAML
- PEP and sanctions screening Not agreed Not agreed
- Adverse media screening Not agreed Not obtained
- Ongoing customer monitoring Not agreed Not obtained
- Automated transaction monitoring (bank-style rules) Not agreed Not obtained
Reporting & control
AMLCompliantSimpleAML
- Suspicious matter report workflow Not agreed Queried
- AUSTRAC SMR XML export Not agreed Not agreed
- Tipping-off controls (s123) Not agreed Agreed
- Threshold transaction reporting Not agreed Not obtained
Evidence & extensibility
AMLCompliantSimpleAML
- Evidence pack export Not agreed Not agreed
- Immutable audit log Not agreed Not agreed
- API access Not agreed Not obtained
Tranche 2 operations
AMLCompliantSimpleAML
- Risk assessed per designated service Queried Agreed
- Ongoing monitoring triggered by designated service and risk Queried Agreed
- Program obligations calendar Queried Queried
- Versioned AML program and CDD records Queried Agreed
- Escalation to AMLCO or manager with outcome recorded Queried Queried
- Expired document alerts Not agreed Not obtained
- Reliance CDD requests sent and received Queried 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)Know-your-business (entity checks)Reliance arrangementsBeneficial ownership and controlEnhanced due diligenceBiometric liveness and face matchDocument Verification Service (DVS) access
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: AMLCompliant on AML Directory · SimpleAML on AML Directory