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AML FinderAustralia

AML module in another product

TrustSoft

An AML feature inside a different product, bought as part of that product.

Best considered by: firms looking for module coverage across Accounting.

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TrustSoft is a module marketed to accounting. Its currently established capabilities include aml-program, cdd, beneficial-ownership, electronic-id-verification, biometric-liveness, pep-sanctions-screening, adverse-media, risk-assessment. Known limitations: AML/CTF is a module within trust accounting software, not a standalone product.; Pricing is structured as two separate subscriptions (trust accounting + AML/CTF), adding complexity to procurement.; SMR export format is described as 'AUSTRAC reporting area with templates' but the actual format (XML, PDF, or other) is not confirmed.; DVS (Digital Verification Service) is explicitly offered as an integrated capability; no third-party verification provider is named.. Not established: 7 tracked fields.

Entry pricing

$99.00

per month (as published, ex GST; inc GST $108.90)

Marketed to

Accounting

Publicly marketed sectors — not a legal scope statement.

Data held in

Australia

Recorded data-residency status.

Evidence confidence

17/24

of 24 tracked fields established. Checked 25 August 2026.

Pricing detail: Two separate price lists, both excluding GST. Trust accounting (monthly): Professional $99, Hybrid $150, Ultimate $300. AML/CTF compliance (annual): Pro $1,200 (2 users, 60 ID checks, 5 BO checks), High $1,500 (5 users, 100 ID/7 BO checks), Ultimate $2,400 (15 users, 160 ID/12 BO checks). Add-ons: Onboarding $300; ID check $6.60 single or 10 for $66; BO check $45/entity; 5-user add-on $600/yr. The fromAud figure represents the lowest recurring trust accounting monthly tier.

Consider TrustSoft if you need...

  • AML/CTF program creation
  • Program maintenance and review
  • Risk assessment
  • Customer due diligence
  • Know-your-business (entity checks)

You may need another product if...

  • No confirmed hard limitations recorded in the current data.

Only confirmed limitations are listed. Anything unestablished is shown as “needs confirmation” below, not as a weakness.

Fit profile

Derived fit dimensions — not compliance scores.

Program & governance

Broad
  • aml-program Verified
  • risk-assessment Verified
  • program-maintenance Verified
  • independent-evaluation Needs confirmation
  • staff-training Verified

CDD & entity work

Broad
  • cdd Verified
  • kyb Verified
  • beneficial-ownership Verified
  • ecdd Verified
  • reliance Needs confirmation

Identity

Broad
  • electronic-id-verification Verified
  • biometric-liveness Verified
  • dvs-access Verified

Screening & monitoring

Broad
  • pep-sanctions-screening Verified
  • adverse-media Verified
  • ongoing-monitoring Needs confirmation
  • transaction-monitoring Verified

Reporting & control

Moderate
  • smr-workflow Verified
  • smr-xml-export Needs confirmation
  • tipping-off-controls Needs confirmation
  • ttr Verified

Evidence & extensibility

Limited
  • evidence-pack Verified
  • immutable-audit-log Needs confirmation
  • api-access Needs confirmation

Capability details

All 24 tracked fields are shown — whether or not we could establish them. “Not established” means the current public record does not confirm it; it is not a “no”.

  • VerifiedVerified from public sources
  • PartialConditional, limited or not full support
  • Needs confirmationNot established — not a 'no'
  • NoConfirmed absent

Program & governance

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

CDD & entity work

  • Customer due diligence Verified
  • Know-your-business (entity checks) Verified

    Sold as online company beneficial ownership checks against ASIC, bundled by volume with the identity checks.

  • Beneficial ownership and control Verified
  • Enhanced due diligence Verified
  • Reliance arrangements Needs confirmation

Identity verification

  • Electronic identity verification Verified
  • Biometric liveness and face match Verified
  • Document Verification Service (DVS) access Verified

Screening & monitoring

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

    Stated as transaction monitoring linked to trust account activity. It monitors the trust ledger, which is a narrower thing than monitoring a customer’s transactions generally.

Reporting & control

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

Evidence & extensibility

  • Evidence pack export Verified
  • Immutable audit log Needs confirmation
  • API access Needs confirmation

Known limitations

Recorded from the provider's own published material and public records, with the same care as the capabilities.

  • AML/CTF is a module within trust accounting software, not a standalone product.
  • Pricing is structured as two separate subscriptions (trust accounting + AML/CTF), adding complexity to procurement.
  • SMR export format is described as 'AUSTRAC reporting area with templates' but the actual format (XML, PDF, or other) is not confirmed.
  • DVS (Digital Verification Service) is explicitly offered as an integrated capability; no third-party verification provider is named.

Not established

Fields the current public record could not confirm. Treat as questions to ask — not as absences.

Independent evaluation support (s84)Reliance arrangementsOngoing customer monitoringAUSTRAC SMR XML exportTipping-off controls (s123)Immutable audit logAPI access

Market context

Capabilities established
17 of 24
Unestablished fields
7
Sectors marketed to
1
Entry pricing
Published $99.00

Integrations

  • Xero
  • 50+ Australian banks
  • DVS (Digital Verification Service)
Find platforms that integrate with your systems →

Where this comes from

AML Finder does not maintain a separate set of vendor claims. These facts come from AML Directory Australia's structured, source-checked records.

View the full evidence record on AML Directory

Alternatives to TrustSoft

Tell us what you want to change — lower cost, DVS, integrations, reporting — and we’ll re-rank the dataset.

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Compared with

Same product type, overlapping sectors or similar starting price.

Questions about TrustSoft

Does TrustSoft support DVS?
Recorded status: Verified.
Does TrustSoft offer transaction monitoring?
Recorded status: Verified.
Does TrustSoft support ECDD?
Recorded status: Verified.
Does TrustSoft support accounting firms?
Yes — it publicly markets to the accounting sector.
Does TrustSoft publish pricing?
Yes — entry pricing is published from $99.00 per month.
What type of AML product is TrustSoft?
AML module in another product. An AML feature inside a different product, bought as part of that product.

Not sure TrustSoft is the right fit?

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