AMLTranche vs Flagship AML

Data last checked 20 July 2026 · how we compare

The verdict

On a like-for-like basis these two are about eight dollars a month apart, so price shouldn’t decide it — coverage and sector fit should. The published figures aren’t directly comparable: AMLTranche quotes $59/month plus GST ($64.90 including), Flagship quotes $73.37/month including GST. That’s a real gap of roughly $8.50 a month, not the $14 the headline numbers imply.

Where they separate is documented obligation coverage. Flagship confirms nine of the eleven obligations we track — program, ML/TF risk assessment, CDD, ongoing monitoring, SMR and TTR reporting, record keeping, staff training and compliance-officer governance — leaving only AUSTRAC enrolment and independent evaluation unverified, both of which are things a firm or a third party does rather than the software. AMLTranche confirms six, with governance partial and ongoing CDD, TTRs and staff training undocumented on its public pages.

AMLTranche’s answer is specialisation. Its delayed-CDD workflows are built for how property actually transacts — auction day and exchange, where you cannot pause a deal to finish verification — and its program generation maps explicitly to AUSTRAC’s Real Estate Program Starter Kit. That is a genuine advantage no general platform replicates. Note that Flagship charges per use on top: $4.00 +GST per DVS identity verification and $15.00 +GST per ASIC company extract, so heavy verifiers should model their own volumes.

Decision rule: a real estate agency, buyer’s agent or conveyancer whose pain is auction-day timing → AMLTranche. A firm wanting the widest documented coverage — especially training, reporting and governance — on one cheap subscription → Flagship. Figures verified July 2026.

Side by side

	AMLTranche	Flagship AML
Pricing	From A$59 · subscription	From A$73 · subscription
Sectors	Real estate, Conveyancers, Accountants	Legal practitioners, Accountants, Conveyancers, Real estate, Trust & company service providers
AUSTRAC enrolment	Yes	Unverified
ML/TF risk assessment	Yes	Yes
AML/CTF program & policies	Yes	Yes
Initial customer due diligence	Yes	Yes
Ongoing CDD & monitoring	Unverified	Yes
Suspicious matter reports	Yes	Yes
Threshold transaction reports	Unverified	Yes
Record keeping	Yes	Yes
Staff training	Unverified	Yes
Compliance officer & governance	Partial	Yes
Independent evaluation	Unverified	Unverified

What actually separates them

Like-for-like price: AMLTranche $59/mo +GST ($64.90 incl) vs Flagship $73.37/mo incl GST — about $8.50 a month apart, not $14.
Documented coverage: Flagship confirms 9 of 11 obligations; AMLTranche confirms 6, with governance partial.
Training: Flagship includes AML/CTF training plus a training register; AMLTranche’s training coverage isn’t documented publicly.
Reporting: both cover suspicious matter reports; Flagship also confirms threshold transaction reports, which AMLTranche leaves unverified.
Property specialisation: AMLTranche has auction and exchange delayed-CDD workflows and starter-kit-mapped program generation; Flagship is sector-general across all five Tranche 2 groups.
Per-use fees: Flagship adds $4.00 +GST per DVS verification and $15.00 +GST per ASIC extract; AMLTranche’s public pages don’t advertise per-check fees.

Common questions

Which is actually cheaper, AMLTranche or Flagship AML?

AMLTranche, but by less than the headline suggests. Its $59/month is quoted plus GST ($64.90 including), while Flagship’s $73.37 already includes GST — a real difference of about $8.50 a month. Flagship also charges $4.00 +GST per DVS identity verification, so if you verify heavily the gap widens; if you verify rarely it stays around $8.50. Both figures verified against the vendors’ own pages, July 2026.

Is AMLTranche only for real estate?

Not exclusively — it lists real estate, conveyancing and accounting — but its design clearly centres on property. The delayed-CDD workflows for auction and exchange, and program generation mapped to AUSTRAC’s Real Estate Program Starter Kit, are built around property timing. Law firms outside conveyancing aren’t the target user. See the full AMLTranche review.

Why does Flagship AML cover more obligations?

Partly because it is built as a full-scope platform, and partly because its coverage has been confirmed in writing. Flagship’s co-founder supplied detailed confirmations of training, SMR and TTR reporting, risk assessment and governance functionality, which we verified and dated. AMLTranche’s undocumented rows are marked Unverified rather than absent — that means we haven’t confirmed them, not that they are missing. See our methodology.