Across the 14 vetted providers in our directory, monthly pricing for an SME ranges from A$0 (easyAML's free-until-deadline tier) to A$1,500+ for managed services like AML SmartGuard. Most SMEs land somewhere in the A$200–A$650 monthly band for self-serve tools, or A$1,000–A$2,500 for managed services.
What you're paying for
- Program documentation and templates (one-off and ongoing updates).
- Customer due diligence — biometric or document verification, often priced per check.
- Sanctions, PEP and adverse media screening (often subscription, sometimes per-check).
- Ongoing monitoring of your customer base.
- AUSTRAC reporting workflow — SMR and TTR drafting and submission helpers.
- Training and attestations for staff.
- Annual independent review (sometimes included, often an add-on).
- Support — and the level of access you get to a real human.
True cost beyond the subscription
The licence fee is rarely the largest line item. The biggest hidden costs are: time spent by partners and fee-earners learning the tool, time spent triaging false positives in screening, and the cost of remediating poorly documented onboardings if AUSTRAC ever engages. Managed services collapse a lot of this into a single monthly fee.
How to think about the ROI
A single SMR done badly creates regulator risk. A single SMR done well demonstrates that your program is working as intended. The difference is usually the quality of the workflow tool and the quality of the support behind it.