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AMLDirectory Australia · Tranche 2
Verification

FreeAML

An identity or screening layer delivered into a process you run yourself. It is not a compliance program.

Checked 8 October 2026

Provider’s own site (opens in a new tab)

From

$22.00

inc GST, per check
$20.00 as published, ex GST

SMR export

AUSTRAC XML

Screening

Point in time

Audit log

Not established

Capability coverage

14/31

verified. 14 not established.

Marketed to

  • Accounting
  • Real estate
  • Conveyancing
  • Legal

Data stored in

Not established

Data processed in

Not established

Pricing detail No subscription. Individual KYC $20 per check and entity KYB $40 per check, each stated as GST included. Each beneficial owner (25%+) $20. Client-pays option: the customer pays the check price directly. Custom volume pricing on request.

Where it is stronger

Capabilities verified here that fewer than half of the other products are verified on. Worked out from the board, not written by hand.

  • AUSTRAC SMR XML export3 of 16 others
  • Document Verification Service access4 of 16 others
  • Adverse media screening7 of 16 others
  • Evidence pack export7 of 16 others

Where it is weaker

Recorded with the same care as the capabilities, and not softened. A comparison that only lists strengths is not a comparison.

  • Partly meets the Tranche 2 measure: Risk assessed per designated service.Vendor states the generated risk assessment covers clients, services and geography (customer, geographic, product, delivery channel and operational risk); a rating per designated service is not described.
  • Partly meets the Tranche 2 measure: Ongoing monitoring triggered by designated service and risk.Vendor states the client relationship type drives follow-up: one-off services auto-complete while ongoing clients get annual review reminders and periodic re-screening; triggers from a new designated service or a risk change are not described.
  • Partly meets the Tranche 2 measure: Versioned AML program and CDD records.Help centre states the AML/CTF program is published as versions (Draft, Published, In force) with older copies under View Archives; versioning of CDD records is not described.
  • Built around pay-per-check verification. The program, risk assessment, training and SMR/TTR material are provided as free generators and templates alongside it, rather than as a subscription workflow.

Capabilities

All 31 fields we track, shown whether or not we could establish them.

Reading a spec strip

  • Verifiedconfirmed on the provider’s own site
  • Partialpresent but limited or conditional
  • Absentthe product does not do it
  • Not establishedwe could not confirm either way

Each bar runs one segment per capability, in the same order on every board, so two providers compare by position. A hatched segment means the field is unfilled, not that the product lacks the capability — around half of all capability fields on this site are currently unestablished, and a blank would read as “no” and misrepresent a real business. Show all opens the full list in place.

Program

  • AML/CTF program buildYes
  • Risk assessmentYes
  • Program maintenance and reviewNot established
  • Independent evaluation support (s84)Not established
  • Staff trainingYes

Customer

  • Customer due diligenceYes
  • Know your business (entity checks)Yes
  • Beneficial ownership and controlYes
  • Enhanced due diligenceNot established
  • Reliance arrangementsNot established

Identity

  • Electronic identity verificationYes
  • Biometric liveness and face matchYes
  • Document Verification Service accessYes

    Sold per check as "government database verification (DVS — Document Verification Service)".

Screening

  • PEP and sanctions screeningYes
  • Adverse media screeningYes
  • Ongoing customer monitoringYes
  • Automated transaction monitoring (bank-style rules)Not established

Tranche 2 operations

  • Risk assessed per designated servicePartial

    Vendor states the generated risk assessment covers clients, services and geography (customer, geographic, product, delivery channel and operational risk); a rating per designated service is not described.

  • Ongoing monitoring triggered by designated service and riskPartial

    Vendor states the client relationship type drives follow-up: one-off services auto-complete while ongoing clients get annual review reminders and periodic re-screening; triggers from a new designated service or a risk change are not described.

  • Program obligations calendar (reviews, effectiveness, AMLCO reports, independent evaluation)Not established
  • Versioned AML program and CDD recordsPartial

    Help centre states the AML/CTF program is published as versions (Draft, Published, In force) with older copies under View Archives; versioning of CDD records is not described.

  • Escalation to AMLCO or manager with outcome recordedNot established
  • Expired document alertsNot established
  • Reliance CDD requests sent and receivedNot established

Reporting

  • Suspicious matter report workflowNot established
  • AUSTRAC SMR XML exportYes

    Help centre states the product prepares SMR, TTR and IFTI-DRA files as XML (plus an optional PDF) for the firm to upload to AUSTRAC Online; no schema version is stated.

  • Tipping-off controls (s123)Not established
  • Threshold transaction reportingNot established

Record

  • Evidence pack exportYes

    Stated as "audit-ready exports" alongside an earnings dashboard; the contents of an export are not described.

  • Immutable audit logNot established
  • API accessNot established

Integrations

None named on the provider’s own site. For a firm that wants AML to run inside its existing practice or property software, that is worth establishing directly before you buy.

Registered entity

On the Australian Business Register

Legal entity
The Trustee for Vaz Capital Trust
Registered from
2 April 2026

Recorded, not scored

Other business names
FreeAML

Where this came from

Pay-per-check verification with no subscription, plus free program, risk assessment and training tools. Prices are quoted GST inclusive: $20 per individual and $40 per entity, with the option for the customer to pay the check directly. Most competitors quote ex-GST, so compare like with like.

Operator

Operated by Vaz Capital Pvt Ltd as trustee for the Vaz Capital Trust (ABN 28 247 067 155), trading as FreeAML, as stated in its data processing agreement. The ABN has been active since 2 April 2026 and the FreeAML business name was registered on 29 September 2026. Terms, privacy policy and data processing agreement are published and load (checked 2026-10-08). Before that date this record could not establish an operating entity, because those pages returned 404.

Compared with

Side-by-side against the products this one is most often weighed up against. Each comparison states first whether the two are even the same kind of thing.

Is this your product?

You can correct a factual error, supply evidence for a field marked not established, or add detail. A limitation is corrected when it is wrong, and stays when it is accurate but unwelcome.

Claim this listing

Editor’s picks in AML/CTF software

In AML/CTF software

Not opinions. Each pick is the record that leads on one stated measure within this category, with the figure shown so you can check it against the board.

See all AML/CTF software

  • Most capabilities verified

    29

    of the 31 fields tracked

    duely

    17 records measured Platform

  • Most Tranche 2 operations measures met

    7

    of the 7 Tranche 2 measures

    duely

    17 records measured Platform

  • Lowest published entry price

    Free

    normalised to GST-inclusive AUD

    SimpleAML

    13 records measured Register

  • Widest sector coverage

    6

    Tranche 2 sectors marketed to

    Syntrico

    17 records measured Platform

  • Longest-established entity

    2007

    ABN active on the register since

    NameScan

    14 records measured Verification