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AML FinderAustralia

ClearAML 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.

Product A

ClearAML

Full AML/CTF platform

Entry price
$49.00/mo
Evidence
63%
Marketed to
Accounting, Real estate, Legal, Conveyancing
Data residency
Not established

Product B

First AML

Full AML/CTF platform

Entry price
On application
Evidence
58%
Marketed to
Accounting, Real estate, Legal, Conveyancing, Financial services
Data residency
mixed

Choose ClearAML when...

  • Independent evaluation support (s84) is verified — First AML has not established it.
  • Staff training is verified — First AML has not established it.
  • Document Verification Service (DVS) access is verified — First AML has not established it.
  • Transaction monitoring is verified — First AML has not established it.
  • Suspicious matter report workflow is verified — First AML has not established it.

Choose First AML when...

  • Enhanced due diligence is verified — ClearAML has not established it.
  • API access is verified — ClearAML has not established it.

Where both fit

Risk assessmentCustomer due diligenceKnow-your-business (entity checks)Beneficial ownership and controlElectronic identity verificationBiometric liveness and face matchPEP and sanctions screeningOngoing customer monitoringEvidence pack export

Biggest differences

FieldClearAMLFirst AML
AML/CTF program creationNot establishedNo
Independent evaluation support (s84)VerifiedNot established
Staff trainingVerifiedNo
Enhanced due diligenceNot establishedVerified
Document Verification Service (DVS) accessVerifiedNot established
Adverse media screeningNot establishedPartial
Transaction monitoringVerifiedNot established
Suspicious matter report workflowVerifiedNot established
Threshold transaction reportingVerifiedNot established
API accessNot establishedVerified
Named integrations0 named12 named
Data residencyunknownmixed

Capabilities, section by section

Program & governance

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

CDD & entity work

  • Customer due diligence Verified Verified
  • Know-your-business (entity checks) Verified Verified
  • Beneficial ownership and control Verified Verified
  • Enhanced due diligence Needs confirmation Verified
  • Reliance arrangements Needs confirmation Needs confirmation

Identity verification

  • Electronic identity verification Verified Verified
  • Biometric liveness and face match Verified Verified
  • Document Verification Service (DVS) access Verified Needs confirmation

Screening & monitoring

  • PEP and sanctions screening Verified Verified
  • Adverse media screening Needs confirmation Partial
  • Ongoing customer monitoring Verified Verified
  • Transaction monitoring Verified Needs confirmation

Reporting & control

  • Suspicious matter report workflow Verified Needs confirmation
  • AUSTRAC SMR XML export Needs confirmation Needs confirmation
  • Tipping-off controls (s123) Needs confirmation Needs confirmation
  • Threshold transaction reporting Verified Needs confirmation

Evidence & extensibility

  • Evidence pack export Verified Verified
  • Immutable audit log Needs confirmation Needs confirmation
  • API access Needs confirmation Verified

Unknowns to confirm

Not established for at least one of these two — ask before relying on it.

AML/CTF program creationProgram maintenance and reviewEnhanced due diligenceReliance arrangementsAdverse media screeningAUSTRAC SMR XML exportTipping-off controls (s123)Immutable audit log

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: ClearAML on AML Directory · First AML on AML Directory