Flagship AML review
Full-scope Tranche 2 platform at $73.37/month including GST, bundling the Part A and B program with CDD, DVS identity verification and PEP, sanctions and watchlist screening.
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. Per-use fees on top: DVS identity verification $4.00 +GST per verification; ASIC Current Company Extract $15.00 +GST per search. Includes 30 complimentary PEP screenings and 30 complimentary criminal watchlist screenings per month. Referral scheme: one free month per referred paying firm. Subscription source: flagshipaml.com.au/pricing, Jul 2026; per-use fees and inclusions: Confirmed in writing by Flagship AML (Dan Ward, co-founder), 19 Jul 2026.
- Sectors covered
- Legal practitioners, Accountants, Conveyancers, Real estate, Trust & company service providers
- Best for
- Small and mid-sized Tranche 2 firms across legal, accounting, conveyancing and property that want near-complete obligation coverage — program, risk assessment, CDD, screening, reporting, training and governance — in one cheap GST-inclusive subscription.
- Website
- https://flagshipaml.com.au
AUSTRAC obligation coverage
| Obligation | Coverage |
|---|---|
| AUSTRAC enrolment | Unverified |
| ML/TF risk assessment | Yes |
| AML/CTF program & policies | Yes |
| Initial customer due diligence | Yes |
| Ongoing CDD & monitoring | Yes |
| Suspicious matter reports | Yes |
| Threshold transaction reports | Yes |
| Record keeping | Yes |
| Staff training | Yes |
| Compliance officer & governance | Yes |
| 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
- Near-complete obligation coverage: program, ML/TF risk assessment, CDD, DVS identity verification, PEP/sanctions/watchlist screening, SMR/TTR reporting, training and governance
- 30 complimentary PEP and 30 complimentary watchlist screenings per month — generous at this price
- Practical AML/CTF training via a Resource Centre plus a training register for records
- Beneficial ownership calculator and a structured Enhanced Due Diligence risk-review workflow
- Covers the full Tranche 2 range: legal, accounting, conveyancing, real estate, buyer's agents, TCSPs and dealers
Where it falls short
- Per-use fees sit on top of the subscription (DVS $4 +GST per verification, ASIC extract $15 +GST per search)
- Digital client onboarding is still in development, not yet live
- Smaller, newer operation with a shorter public track record than the enterprise incumbents
Flagship AML is one of the cheapest genuinely complete platforms in this market: $73.37 a month including GST, bundling the compliance program (Parts A and B on the annual plan) with customer due diligence, DVS identity verification, PEP/sanctions/watchlist screening, ML/TF risk assessment, SMR and TTR reporting workflows, staff training and governance. Once checks are counted it undercuts most of the market on total cost.
Correction, 20 July 2026: we originally marked Flagship's CDD, screening, reporting, training and governance as “Unverified” or “Partial”, and framed it as legal-and-accounting only, because none of it was documented on its public pages. Flagship's co-founder confirmed the full feature set and broader sector coverage in writing, and we've corrected this review, the coverage table and our sector guides accordingly. That's how corrections work here — facts change when better evidence arrives, and payment never enters into it.
What $73 a month covers
The verified subscription: $73.37/month including GST, or $880/year including GST, with the compliance program (Parts A and B) on the annual plan. A 30% launch discount to $616/year ran until 30 June 2026 and has ended, so price it at full rate.
What's inside, confirmed by the vendor (Confirmed in writing by Flagship AML (Dan Ward, co-founder), 20 Jul 2026): a structured firm-wide ML/TF risk assessment (impact and likelihood) with client-level assessments and documented methodology; AML/CTF program generation; KYC and customer due diligence; Australian Government DVS identity verification; PEP, sanctions and criminal watchlist screening; beneficial ownership identification (with a purpose-built calculator) and tracing; enhanced due diligence with a structured risk-review workflow; SMR and TTR reporting workflows; staff training via a Resource Centre plus a training register; and governance — role-based workflows, compliance-officer preparation, senior-manager approval, documented decisions and audit trails. Digital client onboarding is in development, not yet live. That is a materially fuller product than its public pages suggest.
What's included, and the per-use fees
Two costs sit on top of the subscription: DVS identity verification at $4.00 +GST per verification, and ASIC Current Company Extract searches at $15.00 +GST each. Screening is more generous — 30 complimentary PEP screenings and 30 complimentary criminal watchlist screenings every month, which covers the monthly volume of most small practices outright. Program, risk assessment, reporting, training and governance carry no per-use fee.
The arithmetic is where this gets interesting. Ten identity verifications a month costs roughly $117 including GST all-in ($73.37 + 10 × $4.40). The same ten checks cost about $417 on easyAML's Starter tier and $150 on FreeAML's pay-per-use — so Flagship becomes cheaper than even the no-subscription option at roughly seven verifications a month, and you get the full program, reporting and training stack on top. For a firm doing regular client work, that's one of the best-value propositions we track.
The referral economics
The referral scheme gives one free month per referred paying firm. For a well-connected practitioner — a suburban accountant or conveyancer whose peers all face the same obligations — a handful of referrals meaningfully cuts the effective annual cost, and the transparent pricing makes the maths checkable rather than a sales pitch.
Don't buy on the referral upside alone; buy on whether the platform fits, and treat free months as a bonus.
Verdict
With the full feature set confirmed, Flagship AML is one of the most complete platforms in this database — program, ML/TF risk assessment, CDD, identity verification, three kinds of screening, SMR/TTR reporting workflows, staff training and governance, in a single GST-inclusive subscription under $75 a month, with per-check costs well below the market. Firms doing more than a handful of verifications a month should price it seriously against every alternative here.
The honest reservations left are about maturity, not capability: it's a smaller, newer operation than the enterprise incumbents, digital client onboarding is still in development rather than live, and the per-use DVS and ASIC fees sit on top of the subscription. For a small-to-mid firm wanting broad coverage cheaply, it's a strong pick. How we make money — and why a correction like this changes facts, never verdicts-for-payment.