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AML FinderAustralia

First AML 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

First AML

Full AML/CTF platform

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

Product B

TrustSoft

AML module in another product

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

Choose First AML when...

  • Ongoing customer monitoring is verified — TrustSoft has not established it.
  • API access is verified — TrustSoft has not established it.

Choose TrustSoft when...

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

Where both fit

Risk assessmentCustomer due diligenceKnow-your-business (entity checks)Beneficial ownership and controlEnhanced due diligenceElectronic identity verificationBiometric liveness and face matchPEP and sanctions screeningEvidence pack export

Biggest differences

FieldFirst AMLTrustSoft
AML/CTF program creationNoVerified
Program maintenance and reviewNot establishedVerified
Staff trainingNoVerified
Document Verification Service (DVS) accessNot establishedVerified
Adverse media screeningPartialVerified
Ongoing customer monitoringVerifiedNot established
Transaction monitoringNot establishedVerified
Suspicious matter report workflowNot establishedVerified
Threshold transaction reportingNot establishedVerified
API accessVerifiedNot established
Product typePlatformModule
Named integrations12 named3 named
Data residencymixedaustralia

Capabilities, section by section

Program & governance

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

Screening & monitoring

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

Reporting & control

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

Evidence & extensibility

  • Evidence pack export Verified Verified
  • Immutable audit log Needs confirmation Needs confirmation
  • API access Verified 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)Reliance arrangementsDocument Verification Service (DVS) accessTransaction monitoringSuspicious 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 25 August 2026. Source records: First AML on AML Directory · TrustSoft on AML Directory