Australia's independent guide to AML compliance software.

CompareAML is free for Australian businesses. We are paid by vetted providers — primarily a fixed price per qualified lead, set per vertical and disclosed in their partner agreement. Some providers opt into a single-digit success fee on the first sale, and a small number of Founding Partners pay an ongoing trailing percentage in return for category exclusivity. Every dollar a provider pays us comes from their margin and is never added to the price you receive. Lead pricing is the same regardless of your eventual deal size, so we have no incentive to push you up market. Featured placements are clearly labelled, and independent matching always appears above sponsored rows. The platform is operated by AML Intelligence Network Pty Ltd (ABN 44 696 407 600). Full breakdown on our 'How we're paid' page.

If you operate in legal services, accounting, real estate, bookkeeping, pubs and clubs (gaming), financial services, or precious metals and stones, and you provide a 'designated service' as defined in section 6 of the AML/CTF Act 2006, then Tranche 2 obligations apply to you from 1 July 2026. The Act captures specific activities — managing client funds, real estate transactions, company formation, dealing in bullion above thresholds — not entire professions, so a firm can have a mix of in-scope and out-of-scope work. AUSTRAC's published impact analysis estimates approximately 100,000 Australian businesses are newly captured. The fastest way to confirm your position is the free 3-minute risk assessment, which maps your services to the designated-service list.

Most CompareAML providers can stand up a basic AUSTRAC Tranche 2 aligned program in 2–4 weeks of elapsed time, broken into three phases: AUSTRAC enrolment and risk assessment (week 1), program documentation and CDD onboarding (weeks 2–3), and staff training plus first-customer dry-run (week 4). Larger or multi-jurisdiction firms typically need 6–8 weeks, and law firms with complex trust account structures sit at the upper end of that range — our internal data across recent matchings shows legal firms average 4.2 weeks and accounting firms 2.8 weeks. The compressed window matters because most reputable providers stop accepting last-minute onboardings 4–6 weeks before 1 July 2026 to protect quality.

Indicative pricing across the 14 vetted providers on CompareAML ranges from A$0 (easyAML is free until 1 July 2026) to A$2,500+ per month for fully managed services. The largest band — self-serve subscriptions for SMEs that will run AML in-house — sits between A$129 and A$650 per month, with pay-per-check screening tools (NameScan, StackGo) charging per ID verification rather than a monthly fee. Mid-market configurable platforms (AMLHUB, Complispace) range A$700–A$2,000/mo, and enterprise quote-based deployments (First AML, Equifax) are priced per implementation. Add 30–80 hours of internal time for documentation, training and onboarding regardless of which provider you choose. See the compare page for the band-by-band breakdown.

Section 175 of the AML/CTF Act provides civil penalties of up to A$22 million per contravention for body corporates and A$4.4 million per contravention for individuals (100,000 and 20,000 penalty units respectively). AUSTRAC can also issue enforceable undertakings, remedial directions, and infringement notices, and contraventions are publicly reported. Tranche 1 enforcement history shows penalties scale rapidly with the volume of contraventions: A$1.3 billion against Westpac in 2020 and A$700 million against the Commonwealth Bank in 2018. AUSTRAC has signalled an education-first supervisory posture in the months immediately after 1 July 2026 — but that is a posture, not a legal grace period, and the enrolment obligation crystallises on day one.

Providers vary on five dimensions that matter most for SME buyers: (1) product type — full suite, screening only, GRC platform, managed service, or practice-management add-on; (2) sector focus — some specialise in legal, others span 4–5 sectors; (3) pricing model — flat monthly subscription, pay-per-check, or quote-based; (4) support model — pure self-serve, configured implementation, or outsourced AML officer; and (5) onboarding speed (1 week through to 8 weeks). The /compare page shows all 14 providers across 10 criteria side-by-side, and individual provider pages add features, integrations, case studies and pricing tiers. The right answer almost always depends on whether you want to run AML in-house with software (self-serve) or have it run for you (managed).