TrustSoft
TrustSoft positions AML/CTF compliance as an add-on module to its core trust accounting platform, making it structurally different from standalone AML software. The product explicitly supports DVS (Digital Verification Service) integration for identity verification. Two separate pricing lists, one for trust accounting and one for AML/CTF, require customers to evaluate cost for both components to
Checked 25 August 2026Data: australia
Pricing
$109/mo
$99 ex-GST
Capability coverage
17/25
verified. 8 not established.
Delivery
saas
Where it is weaker
Recorded with the same care as the capabilities, and not softened.
- AML/CTF is a module within trust accounting software, not a standalone product.
- Pricing is structured as two separate subscriptions (trust accounting + AML/CTF), adding complexity to procurement.
- SMR export format is described as 'AUSTRAC reporting area with templates' but the actual format (XML, PDF, or other) is not confirmed.
- DVS (Digital Verification Service) is explicitly offered as an integrated capability; no third-party verification provider is named.
Capabilities
All tracked fields for AML/CTF & Financial Crime, shown whether or not we could establish them.
Program & Governance
- AML/CTF program creationYes
- AML risk assessmentYes
- Program maintenance and reviewYes
- Independent evaluation support (s84)Needs confirmation
- Staff trainingYes
CDD & Entity Work
- Customer due diligenceYes
- Know-your-business (entity checks)Yes
Sold as online company beneficial ownership checks against ASIC, bundled by volume with the identity checks.
- Beneficial ownership and controlYes
- Enhanced due diligenceYes
- Reliance arrangementsNeeds confirmation
Identity Verification
- Electronic identity verificationYes
- Biometric liveness and face matchYes
- Document Verification Service (DVS) accessYes
Screening & Monitoring
- PEP and sanctions screeningYes
- Adverse media screeningYes
- Ongoing customer monitoringNeeds confirmation
- Transaction monitoringYes
Stated as transaction monitoring linked to trust account activity. It monitors the trust ledger, which is a narrower thing than monitoring a customer’s transactions generally.
Reporting & Control
- Suspicious matter report workflowYes
- AUSTRAC SMR XML exportNeeds confirmation
- Tipping-off controls (s123)Needs confirmation
- Threshold transaction reportingYes
Evidence & Extensibility
- Evidence pack exportYes
- Immutable audit logNeeds confirmation
- API accessNeeds confirmation
- Australian data residencyNeeds confirmation
Integrations
- Xero
- 50+ Australian banks
- DVS (Digital Verification Service)
Request a quote or demo
Send your requirements to TrustSoft's provider. Your details are shared only with them.
AML/CTF software and services support compliance with the AML/CTF Act and Rules. Nothing on this page is legal advice, and no provider is certified, endorsed or approved by AUSTRAC unless independently evidenced.