If you’re looking for AML software solutions for your practice, you’re in the right place.
In this blog post, we’ll compare the 7 best AML software solutions for accountants, tax advisers, and bookkeepers in the USA and help you find the right fit for your practice.
We’ve also put together a comparison table at the end to help you make the right decision.
Now let’s cut the noise and get straight to the #1 AML software for your practice.
FigsFlow
FigsFlow is an AML and practice management platform built by Chartered Certified Accountants specifically for accountants, bookkeepers, and tax advisers, offering automated KYC checks, sanctions and PEP screening, risk assessments, and engagement letter management in one integrated solution, originally UK-based and now serving the global market.
Quick Facts:
- Best for: Accountants, bookkeepers, and tax advisers needing AML compliance
- Pricing: From £3 + VAT per ID check; AML ID Verification & Risk Assessment from £2.10 + VAT per check with £8 + VAT/month fixed price
- Platform: Web
- Free trial: 30-day free trial available
Key Features of FigsFlow
- Automated KYC and sanctions screening against global watchlists and PEP lists
- Tailored risk assessment templates for accounting-specific scenarios, including trusts and high-net-worth individuals
- Biometric face match and liveness checks with electronic and MRZ ID verification
- Companies House integration for director and UBO identity verification
- Complete audit trail with automated ongoing monitoring and compliance record-keeping
Pros/Cons of FigsFlow
- Purpose-built by accountants for accountants
- Transparent and affordable pay-as-you-go pricing
- 30-day free trial available
- Integrated with proposals and engagement letters
- Pricing listed in GBP
- Limited reviews compared to larger platforms
- No information regarding mobile app availability
SmartSearch
SmartSearch is an AML compliance platform trusted by 1 in 2 of the UK’s top 100 accountancy firms, offering electronic KYC and KYB checks, sanctions and PEP screening, and ongoing monitoring specifically designed for accountants, legal, and other regulated professional services firms.
Quick Facts:
- Best for: Accountants, bookkeepers, and professional services firms needing AML compliance
- Pricing: Custom pricing, contact sales
- Platform: Web, mobile app
- Free trial: Not available. Personalized demo is available.
Key Features of SmartSearch
- Full AML check completed in under two seconds via name, address, and date of birth
- Triple-bureau access via Experian, Equifax, and TransUnion for up to 97% pass rate
- Automatic PEP, sanctions, and adverse media screening included as standard
- Daily ongoing monitoring with automatic alerts when client status changes
- Document verification and fraud prevention with an end-to-end audit trail
Pros/Cons of SmartSearch
- Purpose-built for accountancy firms
- Industry-leading 97% pass rate
- Ongoing monitoring is included at no extra cost
- Integrates with existing systems within 24 hours
- UK-focused, limited US applicability
- No transparent pricing
- Free Trial not available.
Credas
Credas is a digital identity verification and AML compliance platform specifically serving accountants, tax advisers, conveyancers, and other regulated professionals, offering biometric ID verification, PEP and sanctions screening, and ongoing monitoring through a highly rated mobile app.
Quick Facts:
- Best for: Accountants, tax advisers, and regulated professional service firms
- Pricing: Custom pricing, contact sales
- Platform: Web, iOS, Android
- Free trial: Information not available.
Key Features of Credas
- Biometric facial recognition with NFC document verification for identity checks
- Configurable PEP, sanctions, and adverse media screening
- Proactive ongoing monitoring with automatic alerts for client status changes
- Companies House integration for director and UBO verification checks
- Fully branded client portal with configurable onboarding journey builder
Pros/Cons of Credas
- Purpose-built for accountants and tax advisers
- Highest rated IDV app in the UK
- Certified against the Digital Identity and Attributes Trust Framework
- Available on mobile for remote client verification
- UK-focused, limited international applicability
- No transparent pricing information
- No information regarding a free trial.
Thirdfort
Thirdfort is an AML and identity verification platform authorised by the FCA, purpose-built for accountants, conveyancers, estate agents, and law firms, offering ID verification, PEP and sanctions screening, source of funds checks, and ongoing monitoring through a secure mobile app.
Quick Facts:
- Best for: Accountants, tax advisers, conveyancers, and law firms
- Pricing: Starting at £83/month (Essentials plan)
- Platform: Web, iOS, Android
- Free trial: No information available; demo booking available
Key Features of Thirdfort
- Cryptographic ID checks verifying individuals wherever they are located globally
- PEP and sanctions screening across thousands of live data sources
- Source of funds verification via Open Banking technology without storing banking data
- Companies House integration linking director and PSC checks to company records
- Ongoing monitoring with instant alerts for any changes to client status
Pros/Cons of Thirdfort
- Purpose-built for accountants and regulated firms
- FCA authorised and regulated platform
- 80% of clients complete checks within 24 hours
- Transparent tiered pricing available
- UK-focused, limited international applicability
- Higher-tier pricing requires contacting sales
- No information regarding the free trial
Token of Trust
Token of Trust is an identity verification and compliance platform that offers AML/KYC screening, government ID verification, biometric face matching, and watchlist checks for professional services, including accountants and tax advisers managing client onboarding obligations.
Quick Facts:
- Best for: Accountants and professional services needing KYC/AML compliance
- Pricing: Starting at $250/month + $1.54 per verification
- Platform: Web
- Free trial: Available (duration not specified)
Key Features of Token of Trust
- Government ID verification for driver’s licenses and passports with AI automation
- Biometric face verification with liveness detection for identity matching
- Sanction and watchlist screening for AML compliance requirements
- Document verification for bank statements and utility bills
- Manual review fallback when automated verification needs human oversight
Pros/Cons of Token of Trust
- International ID coverage
- 3-way match system
- GDPR compliant platform
- Multiple verification tiers
- Higher per verification cost
- Monthly minimum fee required
- Limited pricing transparency
NorthRow
NorthRow is an AML compliance and client onboarding platform serving accountancy firms and other regulated professional services, offering automated KYC and KYB checks, biometric identity verification, PEP and sanctions screening, and ongoing monitoring across 220+ jurisdictions.
Quick Facts:
- Best for: Accountancy firms managing complex corporate structures and high-risk clients
- Pricing: Custom pricing, contact sales
- Platform: Web
- Free trial: No information available; free demo available
Key Features of NorthRow
- Automated KYC and KYB checks pulling from real-time global databases across 220+ jurisdictions
- Biometric facial recognition with support for 13,000+ identity documents globally
- PEP, sanctions, and adverse media screening with a below 2% false positive rate
- UBO identification tool for complex corporate ownership structures
Pros/Cons of Token of NorthRow
- Purpose-built for accountancy firms
- Covers 220+ jurisdictions with global data sources
- Below 2% false positive rate reduces manual workload
- ISO 27001 and Cyber Essentials certified
- No transparent pricing information
- It may be complex for smaller accounting practices
- No information regarding the free trial
Entrust (formerly Onfido)
Entrust is an AI-powered identity verification platform offering document verification, biometric authentication, and fraud prevention primarily for financial services, government, and enterprise sectors, but it is not specifically designed as AML software for accounting firms.
Quick Facts:
- Best for: Financial institutions and enterprises needing identity verification
- Pricing: Custom pricing, contact sales
- Platform: Web
- Free trial: Available (duration not specified)
Key Features of Entrust
- AI-powered government ID verification for passports and driver’s licenses
- Biometric face verification with liveness detection for fraud prevention
- Drag and drop workflow automation for identity verification processes
- Integration with PKI and IAM solutions for enterprise security
- Multi-cloud security and compliance management capabilities
Pros/Cons of Entrust
- Google partnership for AI verification
- Enterprise-grade security infrastructure
- Global identity document coverage
- Comprehensive identity-centric solutions
- Not purpose-built for accounting firms
- No transparent pricing information
- It may be overly complex for small practices
Comparing All 7 AML Software: Features, Pricing & Ratings
The table below compares all seven AML software solutions across three key areas: AML and KYC capabilities (including identity verification, PEP screening, risk assessment, and EDD), pricing and accessibility (including free trials and pricing transparency), and ratings and market trust (based on verified user reviews). Each solution is scored out of 10 and ranked accordingly.
Since the primary focus is on finding the right fit for US accountants, bookkeepers, and tax advisers, suitability for US accounting practices has been a key factor in the scoring.
Conclusion
All 7 AML software solutions above are capable platforms, but let’s be honest. Not all of them are the right fit for your accounting practice.
The best AML software isn’t the one with the most features. It’s the one that matches your workflow, your client base, and your budget.
The good news is that most of them offer a personalized demo. You can book a demo on their site and see firsthand how it handles your compliance bottlenecks. That one conversation could completely change how you approach AML and client onboarding.
And if you’re not sure where to start, start at the top of the list.
Ready to Demo the #1 AML Software on Our List?
Frequently Asked Questions (FAQs)
AML software helps accounting firms and financial businesses meet anti-money laundering compliance requirements. It automates client identity verification, sanctions screening, risk assessments, and ongoing monitoring to satisfy regulatory obligations efficiently.
The four pillars of AML compliance are internal controls, designation of a BSA/AML compliance officer, a structured BSA/AML training program, and independent testing to evaluate the effectiveness of your compliance program.
The most effective AML compliance software depends on your practice size and needs. For accountants and bookkeepers, purpose-built platforms like FigsFlow, SmartSearch, and Thirdfort offer the most relevant features at accessible price points.
In the US, AML refers to the legal obligations financial institutions and professional services firms must follow to detect, monitor, and report suspicious financial activity to prevent money laundering.
AML compliance in the US is primarily regulated by FinCEN (Financial Crimes Enforcement Network), which administers the Bank Secrecy Act and has the authority to issue regulations, conduct examinations, and enforce AML violations.
The best KYC software for accountants and bookkeepers includes platforms like FigsFlow, SmartSearch, and Credas, which are purpose-built for professional services firms and offer identity verification, PEP screening, and ongoing monitoring.
