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AML FinderAustralia

ClearAML vs TrustSoft

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

TrustSoft

AML module in another product

Entry price
$99.00/mo
Evidence
71%
Marketed to
Accounting
Data residency
australia

Choose ClearAML when...

  • Independent evaluation support (s84) is verified — TrustSoft has not established it.
  • Ongoing customer monitoring is verified — TrustSoft has not established it.

Choose TrustSoft when...

  • AML/CTF program creation is verified — ClearAML has not established it.
  • Program maintenance and review is verified — ClearAML has not established it.
  • Enhanced due diligence is verified — ClearAML has not established it.
  • Adverse media screening is verified — ClearAML has not established it.

Where both fit

Risk assessmentStaff trainingCustomer due diligenceKnow-your-business (entity checks)Beneficial ownership and controlElectronic identity verificationBiometric liveness and face matchDocument Verification Service (DVS) accessPEP and sanctions screeningTransaction monitoringSuspicious matter report workflowThreshold transaction reportingEvidence pack export

Biggest differences

FieldClearAMLTrustSoft
AML/CTF program creationNot establishedVerified
Program maintenance and reviewNot establishedVerified
Independent evaluation support (s84)VerifiedNot established
Enhanced due diligenceNot establishedVerified
Adverse media screeningNot establishedVerified
Ongoing customer monitoringVerifiedNot established
Product typePlatformModule
Named integrations0 named3 named
Data residencyunknownaustralia

Capabilities, section by section

Program & governance

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

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 Verified

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

  • Evidence pack export Verified Verified
  • Immutable audit log Needs confirmation Needs confirmation
  • 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 · TrustSoft on AML Directory