I Evaluated G2's 5 Best Anti-Money Laundering Software (2025)

A friend of mine works at a fintech company. One day, they received an unexpected audit request tied to suspicious transactions flagged by regulators. The compliance team scrambled to gather data, digging through spreadsheets, emails, and fragmented systems. It was chaotic. And worse, they missed key details that resulted in fines.

Watching that situation unfold made me wonder how companies stay ahead of financial crimes when manual processes can’t keep up.

That’s what pushed me to look closely at anti-money laundering (AML) software. I teamed up with the folks at G2 and dug through thousands of real user reviews, analyzing how different tools handle transaction monitoring, customer due diligence, and real-time alerts. My goal? To find software that helps teams stay compliant and actively reduces risk.

In this list, I’ll walk through the five best anti-money laundering software solutions— tools that go beyond checking regulatory boxes to actually help prevent financial crime.

5 best anti-money laundering software I’d recommend

Managing anti money laundering compliance isn’t just about identifying suspicious transactions. It’s about ensuring every operational detail behind the scenes runs seamlessly. Monitoring transactions, managing customer data, ensuring regulatory reporting accuracy, and maintaining clear audit trails.

Imagine this: Would you rather scramble to compile data for a last-minute regulatory audit or have everything organized and accessible with just a few clicks? That’s the difference between manual processes and using AML software. The right software helps compliance teams shift from reactive firefighting to proactive risk management, ensuring nothing slips through the cracks.

It’s not just about making compliance tasks easier; it’s about creating a system that strengthens your entire financial crime prevention framework.

What makes the best anti money laundering software worth it: My perspective

After spending weeks analyzing and evaluating different anti money laundering software, I discovered that not all tools are created equal. Some stand out because they genuinely enhance how effectively businesses detect suspicious activities and manage compliance.

If you’re looking for the best anti money laundering software, here’s what to keep in mind:

• Transaction monitoring: One of the core features I prioritized during my evaluation was real-time monitoring capabilities that can flag transactions immediately. I closely examined whether each platform allowed customizable thresholds based on a business’s unique risk profile. This flexibility is key for fine-tuning alerts for clear-cut high-risk transactions and spotting nuanced patterns that could signal more complex money laundering schemes. Across G2 reviews, effective pattern recognition repeatedly came up as a must-have. The strongest tools don’t just catch isolated suspicious activities; they help surface broader behavioral trends that might otherwise slip through the cracks.
  
• Customer due diligence (CDD) & know your customer (KYC): I looked for platforms that automate identity checks using global databases — including sanctions lists, watchlists, and politically exposed persons (PEP) registries. Fast, accurate customer verification is non-negotiable. But it doesn’t stop there. I also prioritized tools that support ongoing customer risk assessments based on behavior, location, and transaction history. For higher-risk individuals or entities, enhanced due diligence (EDD) features stood out. These allow compliance teams to run deeper investigations and set up continuous monitoring so any shift in a customer’s risk profile can be caught early.
• Sanctions & watchlist screening: In assessing sanctions screening capabilities, I focused on whether the software checks against a comprehensive, up-to-date list, including those from the Office of Foreign Assets Control (OFAC), the United Nations (UN), the European Union (EU), and other major regulatory bodies. Real-time updates were critical, as outdated data can lead to costly oversights. I also looked for platforms that monitor adverse media, helping flag individuals or entities that may pose reputational or compliance risks, even if they aren’t officially sanctioned. Across G2 reviews, real-time syncing with global watchlists consistently stood out as a critical feature for reducing the chances of inadvertently doing business with high-risk parties.
• Risk assessment & management: I looked for dynamic risk scoring in tools, the kind that updates as customer behavior or outside risk factors change. AML software should be able to flex and adjust, especially as regulations and threats don’t stay static. Tools with automated risk categorization stood out in the reviews. They help teams stay focused on the riskiest cases without losing visibility into everything else happening in the background.
• Artificial intelligence (AI) & machine learning (ML): I prioritized platforms that use AI-driven detection to uncover hidden patterns and cut down on false positives, which, according to G2 reviews, can easily overwhelm compliance teams if left unchecked. The most effective tools leverage advanced anomaly detection algorithms to catch subtle red flags that traditional rule-based systems often overlook. I also looked for continuous learning capabilities, which allow the software to improve over time by incorporating new data and feedback from past investigations.
• Integration capabilities: The best tools should seamlessly connect AML software with existing systems, such as customer relationship management (CRM), enterprise resource planning (ERP), and core banking platforms. Robust API support is key to enabling real-time data sharing and process automation across different business functions. Additionally, the ability to import and export large data sets efficiently helps manage complex compliance requirements and supports data-driven decision-making.

Over several weeks, I evaluated over 20 of the best anti money laundering software platforms using G2 reviews, expert insights, and feature comparisons to assess their strengths. From there, I narrowed it down to the top five tools that stood out for their functionality, flexibility, and overall usability. 

To be included in this category, a solution must:

• Use intelligent algorithms for fraud detection and risk management
• Include watch lists of suspicious individuals and organizations
• Allow users to assign scores based on risk potential and history
• Deliver standard AML documents and reports for compliance purposes
• Provide behavior models to detect suspicious individuals or companies
• Offer dashboards with real-time data to immediately identify potential risks

*This data was pulled from G2 in 2025. Some reviews may have been edited for clarity.  

1. iDenfy

You know how tedious and nerve-wracking it can be to ensure compliance with AML regulations and keep fraud at bay? Well, iDenfy pretty much takes that stress off your plate.

One of the standout features for several users is the built-in AML checks. It automatically screens users against global watchlists, which means you're always compliant without having to manually cross-reference anything. The system is labeled as smart enough to adapt its verification steps based on the user or the specific situation. This flexibility is invaluable, especially when dealing with diverse customer profiles.

Fraud prevention is another area where iDenfy shines. I scanned through several reviews that mentioned how the automated system catches suspicious activities that they wouldn't have spotted on their own. It does all the heavy lifting. Real-time monitoring, spotting fake documents, and even handling detailed audit logs for disputes. Something like that seems to have drastically reduced payment fraud incidents. And the best part? It doesn’t slow down the verification process. In fact, the ID checks are impressively fast.

G2 reviewers also appreciated how user-friendly the platform is, saying there's a perfect balance between advanced technology and intuitive design. They highlight how quick and seamless the selfie verification process is for end users and how straightforward navigation is. The detailed audit logs also receive frequent praise for being invaluable during compliance checks and dispute resolution.

But a few areas pop up as needing improvement. Users point out that bulk verification capabilities are limited, which can slow things down when working with large datasets. Others mention that while notification settings are helpful, more granular control, especially for different user roles or risk categories, would make a noticeable difference.

Overall, iDenfy is a robust, reliable, and efficient tool that simplifies KYC (Know Your Customer) and AML compliance while keeping fraud in check. 

What I dislike about iDenfy:

• From the reviews, I gathered that the customization options for notifications currently feel somewhat limited, and having more granular control would be beneficial.
• Some users also feel the tool is slightly expensive, and introducing lower-cost models could make it more accessible. 

What G2 users dislike about iDenfy:

"Being able to customize notifications based on specific events or risk levels, and choose different delivery methods (e.g., email, SMS, Slack), would be very useful."

- iDenfy Review, Ariana V. 

2. Sumsub

Sumsub came up as a pretty solid tool, especially if you're dealing with KYC processes, AML, identity verification, and compliance checks. What really stood out to me in reading the reviews is its user-friendly interface. The dashboard is mentioned as clean and intuitive, making it super easy to navigate through various features without feeling overwhelmed. Users seem to love the simple UI/UX and the smooth verification flow. I can understand how it simplifies what could otherwise be a complicated process. However, some reviews say that trying to use the advanced features can be a steep learning curve. 

Many reviewers commend the tool’s ability to safeguard against fraud and forgery, describing it as a reliable first line of defense. The built-in internal block list is often highlighted as a helpful addition for tightening security protocols. Visual design also gets positive feedback, especially the clearly labeled icons that make it easy to understand the status of each verification at a glance.

The platform delivers a wide range of functionality for businesses prioritizing secure customer data handling. Seamless integration with existing systems is a huge plus for G2 reviewers. It complements other tools, helping streamline the overall compliance workflow.

That said, the abundance of features can feel overwhelming, especially when teams try to zero in on the right capabilities for their needs. Some users mention that more flexibility in customizing the verification process would go a long way in supporting industry-specific requirements.

Some users report occasional website slowdowns or brief outages. While it’s not a major dealbreaker, disruptions during critical workflows can be frustrating.

On a more positive note, many reviewers appreciate the platform’s steady evolution. Frequent updates, new feature rollouts, and ongoing improvements signal a clear commitment to product growth and user satisfaction.

All in all, Sumsub is a reliable, efficient tool for businesses looking to streamline their KYC and compliance processes. 

What I dislike about Sumsub:

• I found that customer support was reported to be slow at times.  
• G2 reviewers point out that some of the more advanced features come with a steep learning curve. While the initial setup and navigation can feel complex, many note that the tools become much more manageable once teams get familiar with the interface and workflows.

What G2 users dislike about Sumsub:

"SumSub’s advanced features can have a steep learning curve initially, and its pricing may feel high for smaller businesses or startups with limited budgets"

- Sumsub Review, Marinus N. 

3. Pirani

When it comes to managing risks and ensuring compliance with anti-money laundering regulations, Pirani is one of the high-rated G2 tools. It's a go-to solution for many users to easily and efficiently centralize and streamline risk management processes.

Pirani takes a process-first approach to risk, which users repeatedly appreciate. Instead of presenting risks in isolation, it ties them directly to operational workflows, which makes it easier to understand context and act with intention. The way risks, controls, and events are linked feels purpose-built for organizations trying to move beyond static spreadsheets.

G2 feedback also emphasized Pirani’s adaptability. The platform allows teams to fine-tune assessments to fit their internal frameworks, whether they're focused on inherent risks, residual risks, or both. This customization ensures assessments stay relevant across departments and industries. And because everything is centralized, risk data isn’t scattered across multiple platforms; it’s all accessible from a single space, which saves time and reduces friction.

Reporting also doesn’t feel like an afterthought here. Users call out the platform’s ability to generate detailed, actionable reports that surface key insights without overwhelming the reader. Whether you're preparing for an audit or building a strategy deck, Pirani’s reporting tools help turn complex data into meaningful takeaways.

Pirani isn't just about compliance; it's about empowering users to manage risks confidently, helping them stay ahead in the ever-evolving landscape of risk and AML compliance.

What I dislike about Pirani:

• I found through the reviews that the free version offers limited features, requiring an upgrade to the basic or advanced plans for full functionality.
• G2 users mention pricing as a concern for early-stage companies, saying it can be quite expensive for small businesses or startups. 

What G2 users dislike about Pirani:

"We have observed that in some cases, the generated reports are not complete or do not contain the expected information. We consider it important to strengthen this functionality to improve the user experience and quality of the product."

- Pirani Review, verified Pirani user. 

4. Ondato

If you're interested in ensuring airtight compliance with KYC and AML regulations, Ondato might be your new best friend.

One of the first things users highlight is the clean, user-friendly interface. It's designed to make navigating complex compliance workflows feel far more manageable.

Many reviewers point out that Ondato helps reduce what’s typically a time-consuming administrative process into something far more efficient. The platform’s automation capabilities consistently get praised for handling data verification and monitoring quickly and accurately, taking much of the manual effort off compliance teams’ plates.

According to G2 reviewers, automation is one of the areas where Ondato really shines. Its real-time identity verification is frequently described as fast, reliable, and well-integrated with existing systems. Users appreciate how the platform cross-checks data efficiently, maintaining strong security standards without creating friction. The compliance monitoring tools also get positive feedback, especially for their detailed reporting and timely alerts that help teams stay audit-ready.

That said, customization is one area where reviewers see room for growth. A few users mention that certain features feel rigid, limiting flexibility in specific workflows. Still, the onboarding experience is widely praised as smooth and intuitive, and the compliance tracking tools are seen as both thorough and easy to manage.

What I dislike about Ondato:

• Some G2 users mention that the system can lag slightly when processing large datasets. While it’s not a significant issue, it can cause minor workflow interruptions during high-volume tasks.
• Initial setup is another area that’s been flagged. Reviewers note that configuring everything can take longer than expected, but once it’s in place, the platform runs smoothly and efficiently.

What G2 users dislike about Ondato:

"However, the platform isn’t without its drawbacks. Sometimes we get a few bugs that delays the response time. While this hasn’t significantly affected operations, it’s an area that could use improvement."

- Ondato Review, Michael R.

5. Onfido

If you’re into digital identity verification and AML, you’re probably looking for something that’s secure, fast, and easy to integrate. Onfido checks most of those boxes.

One of the features that gets the most praise in G2 reviews is Onfido’s biometric verification model. Users frequently describe it as highly effective at preventing fraud while maintaining a smooth, non-intrusive experience. The platform’s API integration also stands out. Reviewers say it connects easily with existing systems, especially in use cases like digital onboarding for banking or fintech apps. The API is not only fast, but the control panel itself is intuitive, making it easy to generate clear KYC reports that simplify compliance checks.

When it comes to automation, Onfido takes a balanced approach that users value. The platform blends smart automation with human review when needed, providing speed and accuracy. This hybrid model gets consistent praise for helping teams move fast without sacrificing confidence in their results. On top of that, G2 reviewers note that Onfido keeps pace with new technologies, with regular improvements that show a strong focus on staying ahead of compliance and fraud trends.

There are also a few drawbacks. The dashboard could offer deeper insights, leaving users wanting more visibility and customization in reporting. Pricing is another concern among people, especially for companies that are scaling quickly. While the platform is considered reliable and secure, its cost can rise significantly with volume.

A few users also mention occasional delays in receiving results or responses from customer support. In fast-paced environments where instant feedback is expected, this can create friction. Overall, Onfido is widely seen as a dependable solution that continues to evolve with user needs.

What I dislike about Onfido:

• Reading the reviews, I felt that the reporting dashboard lacked the granularity needed for deeper analysis.
• Support response times were another recurring concern. There were mentions of delays that made it harder to get timely help, and that’s something I saw echoed across multiple reviews.

What G2 users dislike about Onfido:

"The only thing that is to mention here would be that it might generate some false positives from time to time."

- Onfido Review, verified Onfido user. 

Frequently asked questions about the best anti money laundering software

Have more questions? Find more answers below.

1. How does anti-money laundering software work?

AML software analyzes financial transactions in real time, flags suspicious activities based on pre-set rules or AI-driven models, and generates alerts for compliance teams to review. It also helps with identity verification, risk scoring, and regulatory reporting.

2. How much does AML software cost?

Pricing varies based on features, the size of your organization, and the vendor. Some charge per user, per transaction volume, or offer subscription-based models. Costs can range from a few hundred to several thousand dollars per month.

3. How is AI used in anti-money laundering software?

AI and machine learning enhance AML software by identifying complex patterns, reducing false positives, and improving the accuracy of suspicious activity detection. AI can also adapt to evolving money laundering tactics, making compliance more proactive. 

4. How to get an anti-money laundering certificate? 

To get an Anti-Money Laundering (AML) certificate, you need to enroll in a recognized certification program such as the Certified Anti-Money Laundering Specialist (CAMS) by ACAMS, the Certified Financial Crime Specialist (CFCS) by ACFCS, or the ICA International Diploma in Anti Money Laundering. The process typically involves meeting eligibility requirements (like relevant work experience or education), completing training courses, and passing an exam that tests your knowledge of AML regulations, compliance practices, and risk management. After certification, maintaining it often requires continuing education to stay updated with evolving AML laws. 

5. Is AML software necessary for small businesses?

If your business operates in a regulated industry or handles high-risk transactions, AML software may be required. Even small businesses in finance, real estate, or legal services can benefit from automated compliance processes to reduce risk and avoid penalties.

Catch red flags before they cost you

Thinking back to the compliance crisis that sparked my interest in AML software, I can’t help but appreciate how the right tools can transform the way businesses manage financial risks. After evaluating some of the best AML solutions, I can understand how powerful software can simplify complex processes—whether it’s detecting suspicious transactions, automating regulatory reporting, or enhancing customer due diligence.

Not all AML software is built the same. Some excel at real-time transaction monitoring, others shine in risk assessment and reporting automation, while some are designed for seamless integration with existing systems. The best choice depends on your specific compliance needs, industry regulations, and operational workflows.

Whether you’re a small business navigating regulatory demands or a large financial institution dealing with high-risk transactions, the right AML tool can help you stay compliant, reduce risks, and protect your business. Staying ahead of financial crime starts with the right technology.

If you’re looking to enhance risk management beyond AML, exploring the best Enterprise Risk Management (ERM) software can help streamline processes and strengthen your compliance strategy.