First AML
A specialist CDD and KYC platform engineered for law firms and accounting practices doing complex client onboarding.
Product, pricing, and fit.
- Product type
- CDD / KYC Platform
- Pricing model
- Quote-based
- Sectors served
- accountinglegal
- Best for
- I am a law or accounting firm
- Integrations
- Microsoft 365iManageNetDocumentsActionstepXero
What this product actually does.
First AML is the platform of choice for legal and accounting firms whose clients are companies, trusts, and partnerships rather than individuals. The product depth sits in beneficial ownership unwrapping — including international structures — and in handling the workflow of collecting documents from client representatives without the firm having to chase email threads.
It is not a do-it-all platform. Firms typically pair First AML's CDD engine with internal program documentation, or with a managed-services partner. The strength is the data quality and audit trail it produces for AUSTRAC purposes.
Pricing is quote-based and scales with onboarding volume rather than headcount.
Inside the product.
Walk through Australian and overseas company, trust, and partnership structures to identify beneficial owners.
Branded portal where clients upload documents and complete biometric ID — no more email chains.
Structured prompts and document collection for source-of-funds enquiries on higher-risk matters.
Screening on every party identified during entity unwrapping.
Configurable risk model so partners can defend onboarding decisions.
Every action timestamped and exportable for AUSTRAC supervisory engagement.
- Your firm onboards companies, trusts and partnerships — not just individuals.
- You need a defensible audit trail for partner-level sign-off on each matter.
- You'd rather best-in-class CDD plus your existing program than a generic all-in-one tool.
- You're a small firm with simple, individual-only clients (a lighter-touch tool will suit).
- You want a one-supplier solution for program drafting, training and CDD in one bundle.
Indicative pricing.
Quote-based pricing scales with monthly onboarding volume. Most legal SMEs land in the A$800–2,500/month range.
Volume-based pricing for small practices.
- Complex entity unwrapping
- Client portal
- Sanctions/PEP/adverse media
- Audit trail export
Mid-tier and national firms.
- Multi-office user management
- Custom risk model
- Customer success manager
Top-tier and multi-jurisdiction firms.
- SSO and provisioning
- Custom integrations
- Dedicated implementation
Real-world deployments.
Challenge. Clients ranging from individuals to overseas-domiciled trusts.
Outcome. Onboarding times reduced ~60% versus the firm's previous email-and-paper process.
Customer details paraphrased and anonymised at the customer's request.
About the business behind the product.
- Track record
- Established CDD/KYC vendor with operations in AU and NZ
- Headquarters
- Sydney, Australia
- Team size
- 50–150 globally
- Australian support
- AU/NZ business hours · dedicated customer success
- AUSTRAC reporting
- CDD records exportable for AUSTRAC; SMR drafting via partner integrations
First AML — common questions.
Does First AML cover overseas trust and company structures?
Yes — overseas entity unwrapping is one of First AML's core strengths. The platform walks through layered Australian and international company, trust and partnership structures to identify ultimate beneficial owners, with sourced documents attached at every layer for audit.
Can I use First AML alongside another AML platform?
Yes. Many firms pair First AML's CDD engine with a separate program-management or training tool (such as Complispace or AML360). The CDD records and audit trail export cleanly for use in your broader AML evidence pack.
Is First AML a fit for sole practitioners?
Generally no. The pricing and configuration depth are aimed at firms onboarding more than ~10 corporate or trust clients per month. Sole practitioners with simple individual clients are typically better served by easyAML or OverSEER.
How long does onboarding take?
Most Australian SMEs are live in 2–4 weeks. Larger or multi-entity setups can take 4–8 weeks. The provider typically offers a guided onboarding call, document templates, and a structured rollout plan.
Do they handle AUSTRAC enrolment for me?
Most providers will guide you through AUSTRAC enrolment but the legal registration is done by you as the reporting entity. Templates, walkthroughs and reviewed answers are usually included.
What happens after Tranche 2 commences on 1 July 2026?
Ongoing obligations apply: continuous CDD, monitoring, suspicious matter reporting, training refreshes, and annual independent review. The provider's subscription typically covers all of this on an ongoing basis.
Can I cancel if it's not the right fit?
Most subscriptions are month-to-month or annual with a fair cancellation window. Your AML program documentation remains yours regardless. Confirm specific terms during your sales conversation.
Why First AML is on CompareAML.
Provider's product approach mapped to current Tranche 2 reform guidance.
Pricing and onboarding suited to small and mid-sized Australian businesses.
Demonstrated experience in the sectors the provider serves.
First AML pays a flat listing fee to appear on CompareAML. We do not earn a commission on any business you do with them. Independent matching is generated separately from sponsored placements. How we're paid →
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