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AMLDirectory Australia · Tranche 2
Module

TrustSoft

An AML feature inside a different product, bought as part of that product.

Checked 25 August 2026

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

From

$108.90

inc GST, per month
$99.00 as published, ex GST

SMR export

Not established

Screening

Not established

Audit log

Not established

Capability coverage

17/24

verified. 7 not established.

Marketed to

  • Accounting

Data held in

Australia

Pricing detail Two separate price lists, both excluding GST. Trust accounting (monthly): Professional $99, Hybrid $150, Ultimate $300. AML/CTF compliance (annual): Pro $1,200 (2 users, 60 ID checks, 5 BO checks), High $1,500 (5 users, 100 ID/7 BO checks), Ultimate $2,400 (15 users, 160 ID/12 BO checks). Add-ons: Onboarding $300; ID check $6.60 single or 10 for $66; BO check $45/entity; 5-user add-on $600/yr. The fromAud figure represents the lowest recurring trust accounting monthly tier.

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.

  • AML/CTF is a module within trust accounting software, not a standalone product.
  • Pricing is structured as two separate subscriptions (trust accounting + AML/CTF), adding complexity to procurement.
  • SMR export format is described as 'AUSTRAC reporting area with templates' but the actual format (XML, PDF, or other) is not confirmed.
  • DVS (Digital Verification Service) is explicitly offered as an integrated capability; no third-party verification provider is named.

Capabilities

All 24 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 reviewYes
  • Independent evaluation support (s84)Not established
  • Staff trainingYes

Customer

  • Customer due diligenceYes
  • Know your business (entity checks)Yes

    Sold as online company beneficial ownership checks against ASIC, bundled by volume with the identity checks.

  • Beneficial ownership and controlYes
  • Enhanced due diligenceYes
  • Reliance arrangementsNot established

Identity

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

Screening

  • PEP and sanctions screeningYes
  • Adverse media screeningYes
  • Ongoing customer monitoringNot established
  • Transaction monitoringYes

    Stated as transaction monitoring linked to trust account activity. It monitors the trust ledger, which is a narrower thing than monitoring a customer’s transactions generally.

Reporting

  • Suspicious matter report workflowYes
  • AUSTRAC SMR XML exportNot established
  • Tipping-off controls (s123)Not established
  • Threshold transaction reportingYes

Record

  • Evidence pack exportYes
  • Immutable audit logNot established
  • API accessNot established

Integrations

  • Xero
  • 50+ Australian banks
  • DVS (Digital Verification Service)

Registered entity

On the Australian Business Register

Legal entity
Myna Australia Pty Ltd
Registered from
2 February 2022

Recorded, not scored

Where this came from

TrustSoft positions AML/CTF compliance as an add-on module to its core trust accounting platform, making it structurally different from standalone AML software. The product explicitly supports DVS (Digital Verification Service) integration for identity verification. Two separate pricing lists, one for trust accounting and one for AML/CTF, require customers to evaluate cost for both components together. The platform supports ID checks (quotaed per tier) and beneficial ownership checks on a per-entity basis.

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.

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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

    21

    of the 24 fields tracked

    duely

    16 records measured Platform

  • Lowest published entry price

    Free

    normalised to GST-inclusive AUD

    SimpleAML

    12 records measured Register

  • Widest sector coverage

    5

    Tranche 2 sectors marketed to

    duely

    level with 1 other

    16 records measured Platform

  • Longest-established entity

    2007

    ABN active on the register since

    NameScan

    12 records measured Verification