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AML FinderAustralia

ClearAML 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

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

SimpleAML

Local register

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

Choose ClearAML when...

  • Independent evaluation support (s84) 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...

  • Tipping-off controls (s123) is verified — ClearAML has not established it.

Where both fit

Risk assessmentStaff training

Biggest differences

FieldClearAMLSimpleAML
AML/CTF program creationNot establishedPartial
Independent evaluation support (s84)VerifiedNot established
Customer due diligenceVerifiedPartial
Know-your-business (entity checks)VerifiedNo
Beneficial ownership and controlVerifiedNot established
Electronic identity verificationVerifiedNo
Biometric liveness and face matchVerifiedNot established
Document Verification Service (DVS) accessVerifiedNot established
PEP and sanctions screeningVerifiedNo
Ongoing customer monitoringVerifiedNot established
Transaction monitoringVerifiedNo
Suspicious matter report workflowVerifiedPartial
AUSTRAC SMR XML exportNot establishedNo
Tipping-off controls (s123)Not establishedVerified

Capabilities, section by section

Program & governance

  • AML/CTF program creation Needs confirmation Partial
  • Program maintenance and review Needs confirmation Needs confirmation
  • Risk assessment Verified Verified
  • Independent evaluation support (s84) Verified Needs confirmation
  • Staff training Verified Verified

CDD & entity work

  • Customer due diligence Verified Partial
  • Know-your-business (entity checks) Verified 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 Verified Needs confirmation

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

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

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 · SimpleAML on AML Directory