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AML Simple vs First AML
Built for small agencies, not enterprise
First AML requires a minimum of 400 client checks per year and does not publish pricing. AML Simple is A$79/month, with instant self-serve signup, no minimums, and a program generator included.
Where we are different
What makes AML Simple the right fit for most small agencies
No minimum volume required
First AML requires a minimum of 400 individual or 100 complex entity checks per year. Solo agents and small agencies who do not reach that threshold cannot use the platform. AML Simple has no minimum volume. One client or five hundred: the pricing does not change based on how many checks you run.
Transparent, published pricing
First AML does not publish pricing. To get a quote, you contact their sales team and go through a discovery call. AML Simple publishes all pricing on the website: Foundation is free, Starter is A$79/month. No surprises.
Instant self-serve signup
First AML onboarding involves a sales process. AML Simple takes two minutes: enter your ABN, confirm your details from the ABR, and your account is ready. You can be inside the platform within minutes of finding it.
Program generator included
First AML helps agencies verify clients and screen against sanctions lists. It does not include a tool to help you build your AML/CTF program from scratch. AML Simple includes a guided program wizard aligned with AUSTRAC's Program Starter Kit structure.
Head-to-head comparison
AML Simple vs First AML: feature by feature
| Feature | AML Simple | First AML |
|---|---|---|
| Getting compliant | ||
| AML/CTF program generator | Yes (AUSTRAC Starter Kit aligned) | No, program must be prepared separately |
| Risk assessment wizard | Yes (4-category AUSTRAC framework) | Yes |
| Annual compliance report wizard | Yes (Starter+) | Yes |
| Verifying your clients | ||
| CDD workflows for individuals | Yes, unlimited clients (paid tiers) | Yes, minimum 400 checks/year required |
| Business / KYB verification | Not yet available | Yes (UBO visualisation, 300+ registries) |
| Biometric / liveness verification | Not available | Yes (96%+ accuracy) |
| Electronic ID verification (eKYC) | A$5/check (Professional+) | Yes (included) |
| DFAT sanctions screening | Yes, all tiers including free | Yes |
| PEP screening | Yes, 1,100+ global lists (Professional+) | Yes, 1,100+ global lists |
| Source of funds / wealth verification | Not available | Yes |
| Staying compliant | ||
| AI-assisted SMR drafting | Yes, AI narrative draft (Professional+), you review and lodge | No |
| TTR tracking | Yes (Starter+) | Not confirmed |
| Staff training modules | Yes, 4 modules with completion certificates (Starter+) | Via Alpha AML partner (not built in) |
| Ongoing monitoring | Yes (Professional+) | Yes |
| AI compliance assistant (AML Simple Ask) | Yes, plain-English compliance Q&A | No |
| Pricing and access | ||
| Transparent published pricing | Yes, see amlsimple.com/pricing | No, contact sales for a quote |
| Free tier | Yes, Foundation tier is permanent, up to 5 clients | No |
| Entry price | A$79/month (Starter) | Price on application, enterprise only |
| Minimum volume requirement | None | 400 individuals or 100 complex entities per year |
| Self-serve signup | Yes, live in two minutes with your ABN | No, sales process required |
| Data location | Sydney, Australia | New Zealand (NZ-headquartered) |
| AUSTRAC Starter Kit alignment | Yes, program output aligned with AUSTRAC's own framework | No explicit alignment claimed |
AML/CTF program generator
Risk assessment wizard
Annual compliance report wizard
CDD workflows for individuals
Business / KYB verification
Biometric / liveness verification
Electronic ID verification (eKYC)
DFAT sanctions screening
PEP screening
Source of funds / wealth verification
AI-assisted SMR drafting
TTR tracking
Staff training modules
Ongoing monitoring
AI compliance assistant (AML Simple Ask)
Transparent published pricing
Free tier
Entry price
Minimum volume requirement
Self-serve signup
Data location
AUSTRAC Starter Kit alignment
Information current as of April 2026. Verify pricing and features with each provider before making a decision.
In the interest of fairness
Where First AML is the stronger choice
We believe in honest comparisons. If First AML is the better fit for your situation, that is what you should use.
Enterprise franchise relationships
First AML is the preferred AML provider for REIA, REIV, and REIWA, and has existing relationships with major franchise networks including LJ Hooker and Raine and Horne. If you are part of a franchise network that has already chosen First AML, staying on that platform has clear benefits.
Biometric verification at scale
First AML uses biometric liveness checks with 96%+ reported accuracy and can turn around complex entity reports in around 5.6 seconds. For agencies with high-volume verification workflows, this is a meaningful capability.
Complex business structure verification
First AML can verify company structures, trusts, and SMSFs with UBO (ultimate beneficial owner) visualisation across 300+ corporate registries. If your agency works frequently with complex entity buyers, First AML's KYB capability is more mature than AML Simple's current offering.
Track record
First AML reports 1,500+ customers and a 4.8/5 rating. They have been in the AML market for more than five years. AML Simple is new, and a longer track record in a compliance context genuinely matters.
Where we fall short
Honest about our gaps
No KYB (business verification) yet.
We currently verify individuals only. If your agency regularly works with company buyers, trusts, or SMSFs, you will need another tool or manual CDD for those entities. KYB is on our roadmap.
No biometric / liveness verification.
Our eKYC uses OCR and face match on Professional and above. We do not currently offer liveness detection. First AML's 96%+ biometric accuracy is ahead of our current offering on this specific capability.
No ISO 27001 certification.
We run on Supabase infrastructure (SOC 2 Type II certified), hosted in Sydney, with encryption at rest and in transit. ISO 27001 is a longer process and we are not certified yet.
No industry body endorsement.
First AML is endorsed by REIA, REIV, and REIWA. We have no industry body partnerships at this stage. If your agency's association has specifically recommended a provider, check that guidance first.
Common questions
Questions about choosing between them
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No minimum volumes. No sales call. Start your AML program in 15 minutes.
We are a competitor and have a financial interest in this comparison. We have done our best to represent First AML fairly from publicly available information as of April 2026. If you believe anything here is inaccurate, email hello@amlsimple.com. Terms of Service | Privacy Policy | Compare all tools