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FreeAML
Cloud AML/CTF compliance tool for Australian SMBs
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FreeAML - 2026 Pricing, Features, Reviews & Alternatives
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Last updated: October 2026
FreeAML overview
What is FreeAML?
FreeAML is a cloud-based AML/CTF compliance platform built for Australian businesses subject to AUSTRAC obligations. FreeAML delivers end-to-end transaction monitoring, customer due diligence, and suspicious matter reporting tools designed to meet the requirements of Australia's Anti-Money Laundering and Counter-Terrorism Financing Act. The platform supports both Part A and Part B program development, risk assessments, and ongoing compliance workflows, making it suited to reporting entities across financial services, remittance, digital currency exchange, and other regulated industries.
FreeAML centralises compliance operations through a structured dashboard that tracks obligations, manages customer identification and verification records, and logs reporting activity. Configurable risk-rating frameworks allow compliance teams to tailor thresholds and controls to their specific business model and customer base. Automated alerts flag transactions and customer profiles that require review, reducing manual effort in high-volume environments. Audit trails and document storage support regulatory examination readiness and internal governance requirements.
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