SubjectTwo records, worked side by side
Records checked to8 October 2026
FreeAML 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.
FreeAML
Verification layer
- Entry price
- $20.00/check
- Evidence
- 55%
- Marketed to
- Accounting, Real estate, Conveyancing, Legal
- Data residency
- Not established
TrustSoft
AML module in another product
- Entry price
- $99.00/mo
- Evidence
- 65%
- Marketed to
- Accounting
- Data residency
- Not established
Choose FreeAML when...
- Ongoing customer monitoring is verified — TrustSoft has not established it.
- AUSTRAC SMR XML export is verified — TrustSoft has not established it.
Choose TrustSoft when...
- Program maintenance and review is verified — FreeAML has not established it.
- Enhanced due diligence is verified — FreeAML has not established it.
- Suspicious matter report workflow is verified — FreeAML has not established it.
- Threshold transaction reporting is verified — FreeAML has not established it.
Where both fit
AML/CTF program creationRisk assessmentStaff trainingCustomer due diligenceKnow-your-business (entity checks)Beneficial ownership and controlElectronic identity verificationBiometric liveness and face matchDocument Verification Service (DVS) accessPEP and sanctions screeningAdverse media screeningEvidence pack export
Biggest differences
| Field | FreeAML | TrustSoft |
|---|---|---|
| Program maintenance and review | Not established | Verified |
| Enhanced due diligence | Not established | Verified |
| Ongoing customer monitoring | Verified | Not established |
| Automated transaction monitoring (bank-style rules) | Not established | Partial |
| Suspicious matter report workflow | Not established | Verified |
| AUSTRAC SMR XML export | Verified | Not established |
| Threshold transaction reporting | Not established | Verified |
| Ongoing monitoring triggered by designated service and risk | Partial | Not established |
| Escalation to AMLCO or manager with outcome recorded | Not established | Partial |
| Product type | Verification | Module |
| Named integrations | 0 named | 3 named |
Capabilities, section by section
Program & governance
FreeAMLTrustSoft
- AML/CTF program creation Agreed Agreed
- Program maintenance and review Not obtained Agreed
- Risk assessment Agreed Agreed
- Independent evaluation support (s84) Not obtained Not obtained
- Staff training Agreed Agreed
CDD & entity work
FreeAMLTrustSoft
- Customer due diligence Agreed Agreed
- Know-your-business (entity checks) Agreed Agreed
- Beneficial ownership and control Agreed Agreed
- Enhanced due diligence Not obtained Agreed
- Reliance arrangements Not obtained Not obtained
Identity verification
FreeAMLTrustSoft
- Electronic identity verification Agreed Agreed
- Biometric liveness and face match Agreed Agreed
- Document Verification Service (DVS) access Agreed Agreed
Screening & monitoring
FreeAMLTrustSoft
- PEP and sanctions screening Agreed Agreed
- Adverse media screening Agreed Agreed
- Ongoing customer monitoring Agreed Not obtained
- Automated transaction monitoring (bank-style rules) Not obtained Queried
Reporting & control
FreeAMLTrustSoft
- Suspicious matter report workflow Not obtained Agreed
- AUSTRAC SMR XML export Agreed Not obtained
- Tipping-off controls (s123) Not obtained Not obtained
- Threshold transaction reporting Not obtained Agreed
Evidence & extensibility
FreeAMLTrustSoft
- Evidence pack export Agreed Agreed
- Immutable audit log Not obtained Not obtained
- API access Not obtained Not obtained
Tranche 2 operations
FreeAMLTrustSoft
- Risk assessed per designated service Queried Queried
- 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 Queried
- Escalation to AMLCO or manager with outcome recorded Not obtained Queried
- Expired document alerts Not obtained Not obtained
- Reliance CDD requests sent and received Not obtained 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)Enhanced due diligenceReliance arrangementsAutomated transaction monitoring (bank-style rules)Suspicious matter report workflowTipping-off controls (s123)Threshold transaction reporting
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 youProvider facts checked through 8 October 2026. Source records: FreeAML on AML Directory · TrustSoft on AML Directory