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

First AML vs NameScan

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.

First AML

Full AML/CTF platform

Entry price
On application
Evidence
65%
Marketed to
Accounting, Real estate, Legal, Conveyancing, Financial services
Data residency
australia

NameScan

Verification layer

Entry price
On application
Evidence
6%
Marketed to
Not established
Data residency
Not established

Choose First AML when...

  • Risk assessment is verified — NameScan has not established it.
  • Customer due diligence is verified — NameScan has not established it.
  • Know-your-business (entity checks) is verified — NameScan has not established it.
  • Beneficial ownership and control is verified — NameScan has not established it.
  • Enhanced due diligence is verified — NameScan has not established it.

Choose NameScan when...

Nothing separates them here: every capability agreed for NameScan is at least established for First AML too.

Biggest differences

FieldFirst AMLNameScan
AML/CTF program creationNoNot established
Risk assessmentVerifiedNot established
Staff trainingNoNot established
Customer due diligenceVerifiedNot established
Know-your-business (entity checks)VerifiedNot established
Beneficial ownership and controlVerifiedNot established
Enhanced due diligenceVerifiedNot established
Electronic identity verificationVerifiedNot established
Biometric liveness and face matchVerifiedNot established
PEP and sanctions screeningVerifiedNot established
Adverse media screeningPartialNot established
Ongoing customer monitoringVerifiedNo
Automated transaction monitoring (bank-style rules)Not establishedPartial
Evidence pack exportVerifiedNot established

Capabilities, section by section

Program & governance

First AMLNameScan
  • AML/CTF program creation Not agreed Not obtained
  • Program maintenance and review Not obtained Not obtained
  • Risk assessment Agreed Not obtained
  • Independent evaluation support (s84) Not obtained Not obtained
  • Staff training Not agreed Not obtained

CDD & entity work

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

Identity verification

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

Screening & monitoring

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

Reporting & control

First AMLNameScan
  • Suspicious matter report workflow Not obtained Not obtained
  • AUSTRAC SMR XML export Not obtained Not obtained
  • Tipping-off controls (s123) Not obtained Not obtained
  • Threshold transaction reporting Not obtained Not obtained

Evidence & extensibility

First AMLNameScan
  • Evidence pack export Agreed Not obtained
  • Immutable audit log Not obtained Not obtained
  • API access Agreed Not obtained

Tranche 2 operations

First AMLNameScan
  • Risk assessed per designated service Queried Not obtained
  • Ongoing monitoring triggered by designated service and risk Queried Not obtained
  • Program obligations calendar Not obtained Not obtained
  • Versioned AML program and CDD records Queried Not obtained
  • Escalation to AMLCO or manager with outcome recorded Agreed Not obtained
  • Expired document alerts Agreed Not obtained
  • Reliance CDD requests sent and received Agreed Not obtained

Unknowns to confirm

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

Program maintenance and reviewIndependent evaluation support (s84)Reliance arrangementsDocument Verification Service (DVS) accessAutomated transaction monitoring (bank-style rules)Suspicious matter report workflowAUSTRAC SMR XML exportTipping-off controls (s123)

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: First AML on AML Directory · NameScan on AML Directory