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AML FinderAustralia

AMLTranche 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.

Product A

AMLTranche

Full AML/CTF platform

Entry price
$59.00/mo
Evidence
71%
Marketed to
Real estate, Conveyancing, Accounting, Precious metals & stones
Data residency
australia

Product B

SimpleAML

Local register

Entry price
$0.00/mo
Evidence
54%
Marketed to
Accounting, Real estate, Conveyancing
Data residency
Not established

Choose AMLTranche when...

  • AML/CTF program creation is verified — SimpleAML has not established it.
  • Customer due diligence 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.
  • Biometric liveness and face match is verified — SimpleAML has not established it.

Choose SimpleAML when...

  • Staff training is verified — AMLTranche has not established it.

Where both fit

Risk assessmentTipping-off controls (s123)

Biggest differences

FieldAMLTrancheSimpleAML
AML/CTF program creationVerifiedPartial
Staff trainingNoVerified
Customer due diligenceVerifiedPartial
Know-your-business (entity checks)Not establishedNo
Beneficial ownership and controlVerifiedNot established
Electronic identity verificationVerifiedNo
Biometric liveness and face matchVerifiedNot established
PEP and sanctions screeningVerifiedNo
Adverse media screeningVerifiedNot established
Ongoing customer monitoringVerifiedNot established
Suspicious matter report workflowVerifiedPartial
Threshold transaction reportingVerifiedNot established
Evidence pack exportVerifiedNo
Immutable audit logVerifiedNo

Capabilities, section by section

Program & governance

  • AML/CTF program creation Verified Partial
  • Program maintenance and review Needs confirmation Needs confirmation
  • Risk assessment Verified Verified
  • Independent evaluation support (s84) Needs confirmation Needs confirmation
  • Staff training No Verified

CDD & entity work

  • Customer due diligence Verified Partial
  • Know-your-business (entity checks) Needs confirmation No
  • Beneficial ownership and control Verified Needs confirmation
  • Enhanced due diligence Needs confirmation Needs confirmation
  • Reliance arrangements Needs confirmation Needs confirmation

Identity verification

  • Electronic identity verification Verified No
  • Biometric liveness and face match Verified Needs confirmation
  • Document Verification Service (DVS) access Needs confirmation Needs confirmation

Screening & monitoring

  • PEP and sanctions screening Verified No
  • Adverse media screening Verified Needs confirmation
  • Ongoing customer monitoring Verified Needs confirmation
  • Transaction monitoring No No

Reporting & control

  • Suspicious matter report workflow Verified Partial
  • AUSTRAC SMR XML export No No
  • Tipping-off controls (s123) Verified Verified
  • Threshold transaction reporting Verified Needs confirmation

Evidence & extensibility

  • Evidence pack export Verified No
  • Immutable audit log Verified No
  • API access Needs confirmation Needs confirmation

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 accessBeneficial ownership and control

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 25 August 2026. Source records: AMLTranche on AML Directory · SimpleAML on AML Directory