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

AMLTranche 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.

AMLTranche

Full AML/CTF platform

Entry price
$59.00/mo
Evidence
74%
Marketed to
Real estate, Conveyancing, Accounting, Precious metals & stones
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 AMLTranche when...

  • AML/CTF program creation is verified — First AML has not established it.
  • Adverse media screening is verified — First AML has not established it.
  • Suspicious matter report workflow is verified — First AML has not established it.
  • Tipping-off controls (s123) is verified — First AML has not established it.
  • Threshold transaction reporting is verified — First AML has not established it.

Choose First AML when...

  • Know-your-business (entity checks) is verified — AMLTranche has not established it.
  • Enhanced due diligence is verified — AMLTranche has not established it.
  • API access is verified — AMLTranche has not established it.
  • Escalation to AMLCO or manager with outcome recorded is verified — AMLTranche has not established it.
  • Expired document alerts is verified — AMLTranche has not established it.

Where both fit

Risk assessmentCustomer due diligenceBeneficial ownership and controlElectronic identity verificationBiometric liveness and face matchPEP and sanctions screeningOngoing customer monitoringEvidence pack export

Biggest differences

FieldAMLTrancheFirst AML
AML/CTF program creationVerifiedNo
Know-your-business (entity checks)Not establishedVerified
Enhanced due diligenceNot establishedVerified
Adverse media screeningVerifiedPartial
Automated transaction monitoring (bank-style rules)PartialNot established
Suspicious matter report workflowVerifiedNot established
AUSTRAC SMR XML exportNoNot established
Tipping-off controls (s123)VerifiedNot established
Threshold transaction reportingVerifiedNot established
Immutable audit logVerifiedNot established
API accessNot establishedVerified
Program obligations calendarPartialNot established
Escalation to AMLCO or manager with outcome recordedPartialVerified
Expired document alertsNot establishedVerified

Capabilities, section by section

Program & governance

AMLTrancheFirst 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 Not agreed Not agreed

CDD & entity work

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

Identity verification

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

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

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

Tranche 2 operations

AMLTrancheFirst AML
  • Risk assessed per designated service Queried Queried
  • Ongoing monitoring triggered by designated service and risk Queried Queried
  • Program obligations calendar Queried Not obtained
  • Versioned AML program and CDD records Queried Queried
  • Escalation to AMLCO or manager with outcome recorded Queried Agreed
  • Expired document alerts Not obtained Agreed
  • Reliance CDD requests sent and received Queried 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)Know-your-business (entity checks)Enhanced due diligenceReliance arrangementsDocument Verification Service (DVS) accessAPI accessExpired document alerts

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: AMLTranche on AML Directory · First AML on AML Directory