AML Shield vs AMLTranche

Q: Does AMLTranche cover staff training?

Not on its public pages, which is why we mark it Unverified rather than absent — we haven’t confirmed it either way. Staff training is a standing AUSTRAC obligation, so if you choose AMLTranche you should either confirm training directly with them or plan to cover it separately. AML Shield’s training is its headline feature, which is the cleanest reason to prefer it. See our methodology on how we treat unverified rows.

Data last checked 18 July 2026 · how we compare

The verdict

This is the budget tier decided by sector, not by price: AMLTranche is cheaper and property-shaped, AML Shield costs more and covers training. AMLTranche publishes $59/month plus GST ($64.90 including); AML Shield starts at $88/month. Both are aimed at firms that want to meet their obligations without enterprise pricing, and both build programs from AUSTRAC’s starter kits.

Coverage is closer than the price gap suggests. AMLTranche confirms six obligations — enrolment, risk assessment, program, CDD, suspicious matter reports and record keeping — with governance partial. AML Shield confirms five — risk assessment, program, CDD, record keeping and staff training — with SMR partial. The decisive difference is what each leaves undocumented: AMLTranche doesn’t document staff training, AML Shield doesn’t document ongoing monitoring depth.

Sector fit resolves most decisions here. AMLTranche is built for property: delayed-CDD workflows for auction day and exchange, program generation mapped to AUSTRAC’s Real Estate Program Starter Kit, reporting-group support for developer SPVs, and Australian hosting on AWS Sydney with seven-year audit trails. AML Shield spreads wider — real estate, legal, accounting, conveyancing and trust and company service providers — and leads with training from financial crime author Nathan Lynch.

Decision rule: a property business whose problem is transaction timing → AMLTranche, and solve training separately. A multi-sector practice, or one where staff competence is the real gap → AML Shield. Note AML Shield’s Starter Kit tier is annual-only. Both verified July 2026.

Side by side

	AML Shield	AMLTranche
Pricing	From A$88 · subscription	From A$59 · subscription
Sectors	Real estate, Legal practitioners, Accountants, Conveyancers, Trust & company service providers	Real estate, Conveyancers, Accountants
AUSTRAC enrolment	Unverified	Yes
ML/TF risk assessment	Yes	Yes
AML/CTF program & policies	Yes	Yes
Initial customer due diligence	Yes	Yes
Ongoing CDD & monitoring	Unverified	Unverified
Suspicious matter reports	Partial	Yes
Threshold transaction reports	Unverified	Unverified
Record keeping	Yes	Yes
Staff training	Yes	Unverified
Compliance officer & governance	Unverified	Partial
Independent evaluation	Unverified	Unverified

What actually separates them

Price: AMLTranche $59/mo +GST ($64.90 incl) vs AML Shield from $88/mo — AMLTranche is the cheapest verified full platform we track.
Training: AML Shield includes expert-led training from Nathan Lynch; AMLTranche’s training coverage isn’t documented on public pages.
Reporting: AMLTranche confirms suspicious matter reports; AML Shield’s SMR support is partial. Neither documents threshold transaction reports.
Sector fit: AMLTranche is property-first (auction and exchange delayed CDD, developer SPV reporting groups); AML Shield covers five sectors including TCSPs.
Ongoing monitoring: AMLTranche leaves it unverified and AML Shield’s monitoring depth isn’t documented — neither is strong here on public evidence.
Commitment: AML Shield’s Starter Kit tier is annual-only; AMLTranche publishes a monthly price.

Common questions

Which is cheaper, AML Shield or AMLTranche?

AMLTranche, clearly. At $59/month plus GST ($64.90 including) against AML Shield’s from-$88/month, it is the cheapest verified full platform we track. Note that AML Shield’s public pages don’t state whether its figure includes GST, so treat the gap as approximate until you confirm. Both figures verified against the vendors’ own pages, July 2026.

Does AMLTranche cover staff training?

Not on its public pages, which is why we mark it Unverified rather than absent — we haven’t confirmed it either way. Staff training is a standing AUSTRAC obligation, so if you choose AMLTranche you should either confirm training directly with them or plan to cover it separately. AML Shield’s training is its headline feature, which is the cleanest reason to prefer it. See our methodology on how we treat unverified rows.

I’m a real estate agency — which should I choose?

AMLTranche is built for you in a way AML Shield isn’t. Delayed CDD for auction day and exchange addresses the specific problem property firms have — you can’t pause a deal to finish verification — and its program generation maps to AUSTRAC’s Real Estate Program Starter Kit. If you take it, budget separately for staff training. See the full AMLTranche review.