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Time & Cost Comparison

Manual Compliance vs AMLTranche

See how much time and money your agency saves when you automate AML/CTF compliance instead of doing it manually.

Based on a typical agency with 5-15 staff processing 20 transactions per month.

Manual / DIY
160+
hours per year
VS
With AMLTranche
14
hours per year
Compliance Task Manual / DIY AMLTranche Saved
One-Off Setup (Before July 1)
AUSTRAC Enrolment days left
Register your business as a reporting entity with AUSTRAC
 2-4 hrs 15 min 90%
ML/TF Risk Assessment
Assess all 5 risk categories as required by AUSTRAC
 8-15 hrs 20 min 96%
AML/CTF Program (Part A & B)
Create documented compliance program with policies & procedures
 15-30 hrs Instant 99%
Staff Training & Certificates
Role-based AML training with assessments
 4-8 hrs 1 hr 83%
Ongoing — Per Customer / Transaction
Customer Due Diligence (CDD)
ID collection, verification, risk rating per customer
 30-45 min 5 min 87%
Enhanced Due Diligence (EDD)
Additional checks for high-risk customers
 1-2 hrs 15 min 85%
Identity Verification (IDV)
Document + biometric verification
 20-30 min 2 min 93%
Sanctions & PEP Screening
Screen against DFAT Consolidated List & PEP databases
 15-20 min Instant 99%
Ongoing — Compliance & Reporting
Suspicious Matter Reports (SMR)
Document, escalate, and file with AUSTRAC within 24hrs
 3-5 hrs 20 min 90%
Threshold Transaction Reports (TTR)
Track and report cash transactions >$10,000
 1-2 hrs 10 min 88%
Record Keeping & Audit Trail
7-year tamper-proof records for all compliance activities
 Ongoing Automatic 100%
Annual AUSTRAC Compliance Report
Compile and submit annual board-level report
 8-12 hrs 30 min 95%
Ongoing Customer Reviews
Periodic re-screening and risk reassessment
 20-30 min 5 min 80%
Manual / Consultant (Year 1)
Consultant setup & program$5,000-$15,000
Annual compliance review$3,000-$8,000
External staff training$500-$2,000
Ongoing admin time (160+ hrs)$5,000-$10,000
Separate IDV tool$2,000-$5,000
Year 1 total$15,500-$40,000
AMLTranche (Year 1)
Starter plan (5 users)$179/month
Platform annual total$2,148
IDV checks (240/yr × $12)$2,880
Training included$0
Audit trail & reporting$0
Year 1 total$5,028
Save $10,000-$35,000 in Year 1

And 150+ hours of admin time every year after that.

Start with a free risk assessment

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* Time estimates based on AUSTRAC guidance for Tranche 2 reporting entities with 5-15 staff.
Manual estimates include research, documentation, and administration time. Consultant costs per the Australian Government Regulatory Impact Statement.
AMLTranche times based on guided workflows with automated document generation. IDV costs are per-check and vary by volume.