Veriqua vs First AML vs easyAML vs AML360: AML/CTF Software Compared (2026)

If you're choosing AML/CTF software ahead of Australia's Tranche 2 obligations, you'll quickly meet the same names: First AML, easyAML, AML360 — and Veriqua. They're not interchangeable. Each is built around a different model, and the right one depends on your size, sector, and whether you also carry an AFS licence.

This is a straight comparison. We've tried to be fair to each platform, including pointing you elsewhere where another tool fits you better. It reflects each provider's publicly available information as at June 2026; capabilities and pricing change, so verify current details directly with each vendor. It's general information, not legal or product advice.

At a glance

Dashes indicate a capability that isn't a primary part of that platform's public positioning — not a definitive statement that it's absent. Confirm specifics with each vendor.

The competitors, fairly

First AML is a KYC/AML platform with a strong Australia–NZ presence, and its standout is customer due diligence on complex structures — trusts within trusts, layered ownership, international beneficial owners — backed by broad global data sources and recognised brand. The trade-off is that it's built for global scale, so it can be heavier (and priced by verification volume) than a small single-location practice needs.

easyAML is an Australian-built platform aimed at small-to-mid accounting and bookkeeping practices, combining individual (KYC) and entity (KYB) verification in one structured, AUSTRAC- and TPB-aligned workflow. Its appeal is a low barrier to entry and a free start — a practical first step for a smaller firm that mainly needs client verification and basic program documentation.

AML360 takes a different shape: a "Digital Compliance Officer" model where AML/CTF professionals configure your risk logic, program and reporting, with ongoing oversight built in. If you'd rather lean on outside expertise to set up and maintain a defensible, risk-based program (with an ISO 31000-style methodology) than self-drive it, that managed model is its strength.

Where Veriqua is different

Veriqua is built as a compliance operating system rather than a single-workflow tool — it runs the full AML/CTF program lifecycle (ML/TF Risk Assessment and AML/CTF Policies, KYC/CDD with beneficial ownership, transaction monitoring, sanctions screening, SMR/TTR timers, training and an audit-ready evidence trail) on a self-serve platform with Australian data residency, including AI processing.

The clearest point of difference is regime coverage. First AML, easyAML and AML360 are AML/CTF platforms. Veriqua also covers AFSL (ASIC) obligations — breach and incident reporting, complaints/RG 271, conflicts, CPD, board reporting and ASIC reportable-situations workflows — in the same system. For a firm that holds both an AFS licence and AUSTRAC obligations (financial advisers, mortgage brokers, some accountants), that's one register and one evidence chain across two regulatory regimes, rather than two separate tools.

Veriqua is self-serve by design, but you're not configured and left to figure it out. The team works with you through the setup process — getting your program built, your workflows configured, and your team confident running the customer-facing compliance process before you go it alone.

Pricing is also published rather than quote-on-request — small firms can see what they'll pay without a sales call.

Which should you choose?

• Complex or international entity structures, mid-to-large firm → First AML's depth on CDD is hard to beat.
• Small accounting/bookkeeping practice wanting a low-cost starting point → easyAML is an easy on-ramp.
• You'd rather a managed model with professional oversight configuring your program → AML360's "Digital Compliance Officer" approach fits.
• You want to self-run your whole AML program — and especially if you also hold an AFSL → Veriqua puts both regimes, end to end, in one audit-ready platform hosted in Australia.

This comparison reflects publicly available information about each provider as at June 2026 and Veriqua's own platform. Competitor features, focus and pricing change over time — please verify current details directly with each vendor before making a decision. This page is general information, not legal, compliance or product-suitability advice.