Flagship AML review
Budget compliance software for law firms and accountants at $73.37/month including GST, with the full Part A and B program included on annual plans.
At a glance
- Pricing
- From A$73 · subscription — AUD $73.37/mo incl. GST, or $880/yr incl. GST (a 30% launch discount to $616 ran until 30 Jun 2026 and has ended). Compliance Program Parts A and B included on the annual plan. Referral scheme: one free month per referred paying firm. Source: flagshipaml.com.au/pricing, Jul 2026.
- Sectors covered
- Legal practitioners, Accountants
- Best for
- Solo practitioners and small legal or accounting practices that want the program and documentation obligations handled cheaply, with screening solved separately if needed.
- Website
- https://flagshipaml.com.au
AUSTRAC obligation coverage
| Obligation | Coverage |
|---|---|
| AUSTRAC enrolment | Unverified |
| ML/TF risk assessment | Partial |
| AML/CTF program & policies | Yes |
| Initial customer due diligence | Unverified |
| Ongoing CDD & monitoring | Unverified |
| Suspicious matter reports | Unverified |
| Threshold transaction reports | Unverified |
| Record keeping | Partial |
| Staff training | Unverified |
| Compliance officer & governance | Partial |
| Independent evaluation | Unverified |
“Unverified” means we haven't yet confirmed this with the vendor or in testing — why we show gaps.
Where it's strong
- One of the cheapest GST-inclusive subscriptions on the market with transparent pricing
- Program Parts A and B bundled into the annual plan at no extra cost
- ML, TF and proliferation financing controls documented as part of the program
- Referral scheme can reduce or eliminate the subscription for well-connected firms
Where it falls short
- CDD and screening coverage isn't documented publicly — may need pairing with a verification tool
- Legal and accounting focus; property sectors aren't the pitch
- Smaller, newer operation with limited public track record
Flagship AML is the minimalist's answer to Tranche 2 for law firms and accountants: the compliance program and documentation obligations, handled, at $73.37 a month including GST — with the full program (Parts A and B, as the vendor frames it) bundled into the $880 annual plan (flagshipaml.com.au/pricing, July 2026).
The honest summary: one of the cheapest GST-inclusive subscriptions on the market with genuinely transparent pricing, deliberately narrow scope — the screening and verification side isn't documented publicly, so most firms will pair it with a checking tool — and a newer operation with a track record still being written.
What $73 a month covers
The verified numbers: $73.37/month including GST, or $880/year including GST, with the compliance program — Parts A and B in the vendor's framing — included on the annual plan at no extra cost. A 30% launch discount (to $616/year) ran until 30 June 2026 and has ended; price it at full rate.
The documented substance is the program layer: policies and controls covering money laundering, terrorism financing and proliferation financing, with partial coverage on risk assessment, records and governance per our table. For a small practice, that's the paperwork spine of the regime — the part AUSTRAC's starter kit begins but doesn't finish (our comparison).
Program-first, screening-light
What Flagship doesn't document publicly is customer due diligence and screening — the identity checks themselves. Our table marks CDD Unverified accordingly. Read the product as program-first, screening-light: it makes you documented, not verified.
That's a legitimate shape if you solve verification separately. The natural budget pairing in our database is FreeAML — pay-per-use checks at $15/$35 with no subscription — which would put a solo practice's total fixed cost at Flagship's $73.37 with checks on top only as used. Confirm with Flagship exactly what verification, if any, is included before assuming you need the pair.
The referral economics
The referral scheme gives one free month per referred paying firm. For a well-connected practitioner — a suburban accountant whose peers all face the same 1 July 2026 obligations — a handful of referrals meaningfully cuts the effective annual cost, and the vendor's transparent pricing makes the maths checkable rather than a sales pitch.
Don't buy on the referral upside alone; buy on whether the program layer fits, and treat free months as a bonus.
Verdict
For solo practitioners and small legal or accounting practices that want the program and documentation obligations handled cheaply — and are comfortable solving screening separately — Flagship is one of the sharpest-priced options on the market, and its transparency is exactly what we wish more vendors offered.
Score it down for the undocumented CDD side, the legal-and-accounting-only focus (property firms should look at AMLTranche), and the shorter track record. Get the screening question answered in writing, and this is a rational budget pick. How we review.