Why does easyAML require a 12-month commitment?
The term reflects the substantial bundled work (Risk Assessment, AML Program, training, monitoring) delivered on signup.
The 12-month term reflects what easyAML actually delivers. From day one, the platform builds your Risk Assessment, generates your AML/CTF Program, sets up your training, and configures your ongoing monitoring and reporting workflows. That's a substantial amount of compliance work bundled into the subscription - work an external compliance consultant would otherwise scope as a one-off project costing several thousand dollars.
A 12-month commitment lets easyAML absorb that setup investment into the monthly rate rather than charging it as an upfront fee. Setup fees are waived and onboarding training is included, where most equivalent compliance setups would cost $3,000+ to commission separately. The published savings detail is on the pricing page.
Other reasons the 12-month term works in the customer's favour:
- Pricing certainty. Your monthly rate is locked for the term - no surprise increases.
- One platform, full lifecycle. Programs, KYC/KYB, training, monitoring, reporting and audit access all live in the same system, so there's no second or third tool to budget for alongside.
- Continuous updates. AUSTRAC guidance keeps evolving. As it does, your Program, training and workflows are updated automatically as part of the subscription, with no separate consulting bill.