First AML Alternative for Australian Small Businesses
First AML is built for enterprise programs. Most Tranche 2 firms need a simpler customer due diligence check.
Quick answer
First AML targets enterprise-scale programs. Most Tranche 2 SMBs looking for a First AML alternative need simple customer due diligence, not a volume commitment. FreeAML's pay-as-you-go model is built for that: $15 KYC, $35 KYB, no monthly platform fee.
Fit check
| Signal | First AML class tools | FreeAML |
|---|---|---|
| Commercial model | Volume commitments and a quote | Per check, list price |
| Onboarding | A longer enterprise process | Start a check online |
| Ideal customer | Enterprise and high-volume programs | SMB and mid-market Tranche 2 |
| What you are buying | A broad AML platform | CDD evidence for the customer file |
If a vendor will not show a per-check price without a sales cycle, assume you are in an enterprise conversation. That can be the right conversation for a bank. It is often the wrong one for an agency or a small practice. The wider table is Best AML software Australia.
What SMBs should evaluate instead
- Can a client finish on a phone?
- Can you export the outcome onto the matter?
- What does a quiet month cost?
- Can the client pay the disbursement?
- Does the tool pretend to be your whole AML program? (It should not.)
When not to switch
If you already run a large, multi-team program on an enterprise platform and the contract matches your volume, switching for a $15 check is not the point. FreeAML is the alternative when the enterprise product is heavier than the work.
Prices: /pricing. Adjacent reads: EasyAML alternative and pay-as-you-go KYC.
📚 Related Resources
Free KYC Check →
Verify customer identity in 60 seconds. Government ID + AML screening.
Free AML Program →
Board-ready AML/CTF Program template. All 10 AUSTRAC sections included.
Risk Assessment Generator →
AI-powered ML/TF risk assessment. 20-page compliant report in 5 minutes.
Free AML Training →
Online courses for staff. CPD-certified certificates included.
AUSTRAC Reporting Tools →
File SMRs, TTRs, IFTIs directly to AUSTRAC. Pre-filled forms.
Frequently Asked Questions
See SMB pricing
List prices, no volume commitment, no monthly platform fee.
View pricingQuestions: team@freeaml.com.au