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

OverSEER AML 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.

OverSEER AML

Full AML/CTF platform

Entry price
$350.00/mo
Evidence
19%
Marketed to
Not established
Data residency
australia

SimpleAML

Local register

Entry price
$0.00/mo
Evidence
55%
Marketed to
Accounting, Real estate, Conveyancing
Data residency
Not established

Choose OverSEER AML when...

  • Automated transaction monitoring (bank-style rules) is verified — SimpleAML has not established it.
  • AUSTRAC SMR XML export is verified — SimpleAML has not established it.

Choose SimpleAML when...

  • Risk assessment is verified — OverSEER AML has not established it.
  • Staff training is verified — OverSEER AML has not established it.
  • Tipping-off controls (s123) is verified — OverSEER AML has not established it.
  • Risk assessed per designated service is verified — OverSEER AML has not established it.
  • Ongoing monitoring triggered by designated service and risk is verified — OverSEER AML has not established it.

Biggest differences

FieldOverSEER AMLSimpleAML
AML/CTF program creationNot establishedPartial
Risk assessmentNot establishedVerified
Staff trainingNot establishedVerified
Customer due diligenceNot establishedPartial
Know-your-business (entity checks)Not establishedNo
Electronic identity verificationNot establishedNo
PEP and sanctions screeningNot establishedNo
Automated transaction monitoring (bank-style rules)VerifiedNot established
Suspicious matter report workflowNot establishedPartial
AUSTRAC SMR XML exportVerifiedNo
Tipping-off controls (s123)Not establishedVerified
Evidence pack exportNot establishedNo
Immutable audit logNot establishedNo
Risk assessed per designated servicePartialVerified

Capabilities, section by section

Program & governance

OverSEER AMLSimpleAML
  • AML/CTF program creation Not obtained Queried
  • Program maintenance and review Not obtained Not obtained
  • Risk assessment Not obtained Agreed
  • Independent evaluation support (s84) Not obtained Not obtained
  • Staff training Not obtained Agreed

CDD & entity work

OverSEER AMLSimpleAML
  • Customer due diligence Not obtained Queried
  • Know-your-business (entity checks) Not obtained Not agreed
  • Beneficial ownership and control Not obtained Not obtained
  • Enhanced due diligence Not obtained Not obtained
  • Reliance arrangements Not obtained Not obtained

Identity verification

OverSEER AMLSimpleAML
  • Electronic identity verification Not obtained Not agreed
  • Biometric liveness and face match Not obtained Not obtained
  • Document Verification Service (DVS) access Not obtained Not obtained

Screening & monitoring

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

Reporting & control

OverSEER AMLSimpleAML
  • Suspicious matter report workflow Not obtained Queried
  • AUSTRAC SMR XML export Agreed Not agreed
  • Tipping-off controls (s123) Not obtained Agreed
  • Threshold transaction reporting Not obtained Not obtained

Evidence & extensibility

OverSEER AMLSimpleAML
  • Evidence pack export Not obtained Not agreed
  • Immutable audit log Not obtained Not agreed
  • API access Not obtained Not obtained

Tranche 2 operations

OverSEER AMLSimpleAML
  • Risk assessed per designated service Queried Agreed
  • Ongoing monitoring triggered by designated service and risk Queried Agreed
  • Program obligations calendar Not obtained Queried
  • Versioned AML program and CDD records Queried Agreed
  • Escalation to AMLCO or manager with outcome recorded Queried 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.

AML/CTF program creationProgram maintenance and reviewRisk assessmentIndependent evaluation support (s84)Staff trainingCustomer due diligenceKnow-your-business (entity checks)Beneficial ownership and control

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: OverSEER AML on AML Directory · SimpleAML on AML Directory