FreeAML vs easyAML: Which AML Software Is Right for Your Business?

Quick Summary

Pricing Comparison

The biggest difference between FreeAML and easyAML is how they charge you.

FreeAML Pricing

• Monthly fee: $0
• Individual verification: $15
• Entity verification: $35
• UBO verification: $15 per beneficial owner (charged separately)
• Client-pays option: Available (your client pays, you pay nothing)

No signup required. No commitment. No hidden fees. You pay only when you want a compliant report.

easyAML Pricing

• Starter: $179+GST/month ($197/mo) + $20+GST ($22) per individual + $40+GST ($44) per entity
• Pro: $449+GST/month ($494/mo) + $15+GST ($16.50) per individual + $35+GST ($38.50) per entity
• Setup required: 1-3 days approval process

You pay the monthly subscription whether you verify 1 client or 100 clients. Per-check fees are additional.

Cost Comparison Examples

The math is clear: For small to medium-volume businesses (under 30 verifications/month), FreeAML saves thousands per year. easyAML's subscription model only makes sense at very high volumes where the per-check savings offset the $197-494/month fixed cost.

Features Comparison

Which Should You Choose?

Choose FreeAML if:

• You're a small or medium business (1-10 employees)
• You verify fewer than 30 clients per month
• You have seasonal or variable verification needs
• You want to minimize fixed costs
• You don't want to manage subscriptions
• You need to start verifying clients immediately (no signup)
• You want the fastest verification (60 seconds)
• You want to save $2,000-4,000 per year

Best for: Real estate agents, boutique accounting firms, solo lawyers, jewellers, small and medium businesses new to AML compliance.

Choose easyAML if:

• You need team management and user permissions
• You want bulk upload and management features
• You have a dedicated compliance team
• You need advanced workflow automation

Best for: Larger firms needing team collaboration and advanced features. Note that even at high volumes, FreeAML remains cost-competitive.

Compliance: Are They Equally Compliant?

Yes. Both FreeAML and easyAML provide AUSTRAC-compliant Customer Due Diligence (CDD) reports that meet all requirements under the AML/CTF Act 2006 for Tranche 2 businesses.

Both platforms:

• Verify Australian government-issued identity documents
• Perform biometric facial matching with liveness detection
• Screen against AML watchlists (DFAT, INTERPOL, UN, OFAC)
• Verify business registration (ASIC, ABN/ACN)
• Identify beneficial owners (25%+ ownership)
• Store verification records for 7 years
• Provide downloadable PDF CDD reports

From a compliance perspective, there is no difference. AUSTRAC doesn't care whether you use FreeAML, easyAML, or any other compliant provider — they only care that you complete proper verification and keep appropriate records.

Real-World Scenarios

Scenario 1: Solo Real Estate Agent

Scenario 2: Mid-Size Accounting Firm

Frequently Asked Questions

Final Verdict

For most Australian small and medium businesses affected by Tranche 2, FreeAML is the better choice. The pay-per-use model saves thousands of dollars per year while delivering identical compliance outcomes.

Real estate agents, solo accountants, boutique law practices, and jewellers will save $2,000-4,000 per year with FreeAML while getting faster verification and zero commitment.

easyAML makes sense only if you specifically need team management features and are willing to pay $197-494/month for them. For the vast majority of businesses, these features don't justify the cost.

The good news? You don't have to choose exclusively. Because FreeAML has no signup or subscription, you can use both: easyAML for team workflows if needed, and FreeAML for the bulk of your verifications to minimize costs.