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AML FinderAustralia

SimpleAML 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

SimpleAML

Local register

Entry price
$0.00/mo
Evidence
54%
Marketed to
Accounting, Real estate, 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 SimpleAML when...

  • Tipping-off controls (s123) is verified — TrustSoft has not established it.

Choose TrustSoft when...

  • AML/CTF program creation is verified — SimpleAML has not established it.
  • Program maintenance and review is verified — SimpleAML has not established it.
  • Customer due diligence is verified — SimpleAML has not established it.
  • Know-your-business (entity checks) is verified — SimpleAML has not established it.
  • Beneficial ownership and control is verified — SimpleAML has not established it.

Where both fit

Risk assessmentStaff training

Biggest differences

FieldSimpleAMLTrustSoft
AML/CTF program creationPartialVerified
Program maintenance and reviewNot establishedVerified
Customer due diligencePartialVerified
Know-your-business (entity checks)NoVerified
Beneficial ownership and controlNot establishedVerified
Enhanced due diligenceNot establishedVerified
Electronic identity verificationNoVerified
Biometric liveness and face matchNot establishedVerified
Document Verification Service (DVS) accessNot establishedVerified
PEP and sanctions screeningNoVerified
Adverse media screeningNot establishedVerified
Transaction monitoringNoVerified
Suspicious matter report workflowPartialVerified
AUSTRAC SMR XML exportNoNot established

Capabilities, section by section

Program & governance

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

CDD & entity work

  • Customer due diligence Partial Verified
  • Know-your-business (entity checks) No Verified
  • Beneficial ownership and control Needs confirmation Verified
  • Enhanced due diligence Needs confirmation Verified
  • Reliance arrangements Needs confirmation Needs confirmation

Identity verification

  • Electronic identity verification No Verified
  • Biometric liveness and face match Needs confirmation Verified
  • Document Verification Service (DVS) access Needs confirmation Verified

Screening & monitoring

  • PEP and sanctions screening No Verified
  • Adverse media screening Needs confirmation Verified
  • Ongoing customer monitoring Needs confirmation Needs confirmation
  • Transaction monitoring No Verified

Reporting & control

  • Suspicious matter report workflow Partial Verified
  • AUSTRAC SMR XML export No Needs confirmation
  • Tipping-off controls (s123) Verified Needs confirmation
  • Threshold transaction reporting Needs confirmation Verified

Evidence & extensibility

  • Evidence pack export No Verified
  • Immutable audit log No 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.

Program maintenance and reviewIndependent evaluation support (s84)Beneficial ownership and controlEnhanced due diligenceReliance arrangementsBiometric liveness and face matchDocument Verification Service (DVS) accessAdverse media screening

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: SimpleAML on AML Directory · TrustSoft on AML Directory