SubjectTwo records, worked side by side
Records checked to8 October 2026
AML Guard 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 Guard
Full AML/CTF platform
- Entry price
- $75.00/mo
- Evidence
- 71%
- Marketed to
- Real estate, Conveyancing, Legal, Accounting
- Data residency
- australia
SimpleAML
Local register
- Entry price
- $0.00/mo
- Evidence
- 55%
- Marketed to
- Accounting, Real estate, Conveyancing
- Data residency
- Not established
Choose AML Guard 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.
- Beneficial ownership and control is verified — SimpleAML has not established it.
- Electronic identity verification is verified — SimpleAML has not established it.
Choose SimpleAML when...
- Risk assessed per designated service is verified — AML Guard has not established it.
- Ongoing monitoring triggered by designated service and risk is verified — AML Guard has not established it.
Where both fit
Risk assessmentStaff trainingTipping-off controls (s123)Versioned AML program and CDD records
Biggest differences
| Field | AML Guard | SimpleAML |
|---|---|---|
| AML/CTF program creation | Verified | Partial |
| Independent evaluation support (s84) | No | Not established |
| Customer due diligence | Verified | Partial |
| Know-your-business (entity checks) | Verified | No |
| Beneficial ownership and control | Verified | Not established |
| Electronic identity verification | Verified | No |
| PEP and sanctions screening | Verified | No |
| Adverse media screening | Verified | Not established |
| Ongoing customer monitoring | Verified | Not established |
| Suspicious matter report workflow | Verified | Partial |
| Threshold transaction reporting | Partial | Not established |
| Evidence pack export | Not established | No |
| Immutable audit log | Verified | No |
| Risk assessed per designated service | Partial | Verified |
Capabilities, section by section
Program & governance
AML GuardSimpleAML
- AML/CTF program creation Agreed Queried
- Program maintenance and review Not obtained Not obtained
- Risk assessment Agreed Agreed
- Independent evaluation support (s84) Not agreed Not obtained
- Staff training Agreed Agreed
CDD & entity work
AML GuardSimpleAML
- Customer due diligence Agreed Queried
- Know-your-business (entity checks) Agreed Not agreed
- Beneficial ownership and control Agreed Not obtained
- Enhanced due diligence Not obtained Not obtained
- Reliance arrangements Not obtained Not obtained
Identity verification
AML GuardSimpleAML
- Electronic identity verification Agreed Not agreed
- Biometric liveness and face match Not obtained Not obtained
- Document Verification Service (DVS) access Not obtained Not obtained
Screening & monitoring
AML GuardSimpleAML
- 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 GuardSimpleAML
- Suspicious matter report workflow Agreed Queried
- AUSTRAC SMR XML export Not agreed Not agreed
- Tipping-off controls (s123) Agreed Agreed
- Threshold transaction reporting Queried Not obtained
Evidence & extensibility
AML GuardSimpleAML
- Evidence pack export Not obtained Not agreed
- Immutable audit log Agreed Not agreed
- API access Not obtained Not obtained
Tranche 2 operations
AML GuardSimpleAML
- 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 Agreed Agreed
- Escalation to AMLCO or manager with outcome recorded Queried Queried
- Expired document alerts Not obtained Not obtained
- Reliance CDD requests sent and received Agreed Not obtained
Unknowns to confirm
Not established for at least one of these two — ask before relying on it.
Program maintenance and reviewEnhanced due diligenceReliance arrangementsBiometric liveness and face matchDocument Verification Service (DVS) accessAutomated transaction monitoring (bank-style rules)Evidence pack exportAPI 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: AML Guard on AML Directory · SimpleAML on AML Directory