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AML/CTF compliance software in Australia

From 1 July 2026, AML/CTF capture extends to real estate agents, accountants, lawyers, conveyancers, trust & company service providers and precious metals dealers — the so-called Tranche 2 reforms. The Australian AML software market splits into three bands: enterprise (First AML, ComplyAdvantage), SMB platforms emerging into Tranche 2 (easyAML, OverSEER, AMLHUB, AML/CTF Trust), and DIY/document-only (HeadStart).

What to look for

  • AUSTRAC enrolment helper + program template fitted to your sector (not generic)
  • Customer due diligence workflow including beneficial-owner identification and PEP/sanctions screening
  • Transaction monitoring + SMR/TTR/IFTI generation with AUSTRAC Online integration
  • Independent reviewer marketplace or guidance — required by AUSTRAC Rules
  • Annual program review reminders + audit trail
  • Multi-office / multi-entity support if you grow

Vendors (7)

First AML ↗

Quote-based (typically $1K+/mo)

Mid-market to enterprise, NZ-founded, strong KYC orchestration

Best for

Real estate franchises, multi-office accounting firms, larger conveyancing groups

OverSEER ↗

From ~$350/mo

SMB-focused, Tranche 2 oriented, built by ex-AUSTRAC

Best for

Solo and small practices in real estate, accounting, conveyancing

easyAML ↗

From ~$179/mo

Workflow + program template; growing post-Tranche 2 footprint

Best for

Small accounting / conveyancing practices

AMLHUB ↗

$100–$250/mo

AML workflow + KYC; multi-product approach

Best for

Migrating from spreadsheet-based program

AML/CTF Trust ↗

From ~$99/mo

Specialist Tranche 2 newcomer

Best for

Single-practitioner law/conveyancing firms

ComplyAdvantage ↗

Quote-based

Enterprise screening, banks + fintechs

Best for

ADIs, neobanks, larger fintech

HeadStart Docs ↗

$679 one-off

Document templates only

Best for

True DIY scenarios; not a managed solution

Watch outs

Doesn't include CDD workflow, monitoring or reporting integration

Underlying obligations

aml ctf enrolmentaml ctf programcddsmr ttr reportingaml independent reviewaml compliance officer

Free tools that help

aml tranche 2 scope →

FAQ

Do I need software, or can I run AML/CTF compliance manually?

AUSTRAC doesn't mandate software. For very low-volume sole practitioners, a documented program plus templated KYC packs and a spreadsheet register can be compliant. Beyond a handful of clients/month, software materially reduces breach risk and audit cost.

Will any of these products lodge my SMRs to AUSTRAC for me?

Most pre-format the XML, then you upload via AUSTRAC Online with your reporting entity credentials. None can act as your reporting entity — your enrolment is personal to your business.

Are templates lawyer-reviewed?

Varies by vendor. For Tranche 2 program templates specifically, ask whether the template has been reviewed by a lawyer admitted in Australia with AML expertise. The vendor should be willing to disclose this.

Comparison published as neutral reference material. Rules Mate is not affiliated with the vendors listed and receives no commission from purchases. Pricing and positioning current at time of publication — confirm directly with the vendor before purchase.