AML/CTF Tranche 2 is coming.
Let's make it easy.
First AML helps thousands of accounting firms globally to conduct KYC and KYB accurately, fast and on-chargable.
The AML/CTF Tranche 2 requirements may initially cause uncertainty and frustration. With First AML, rest easy knowing you're conducting just the right level of compliance without impacting customer experience through:
- in-built guard rails that meet local legislative requirements
- configurability to support your firm's unique risk appetite
- auto alerts for PEPs, sanctions and adverse media
- audibility from day one.
Protect your bottomline
Focus on advisory, not admin. When Tranche 2 hits, we'll help you meet your compliance requirements while protecting your bottom line and making KYC / KYB an easy process for your clients.
With First AML's smart workflows, automations and optimised end user communications, you'll minimise KYC/KYB costs and productivity impacts whilst still meeting meeting compliance requirements.
International entities are the most difficult to conduct KYC or KYB on. This is due to their depth, breadth and 'spider web' opacity. Complex entities, located across diverse geographies with overseas UBOs are our specialty.
We'll help you meet AML/CTF Tranche 2 requirements through a pre-packaged view of your client including:
- source of funds and source of wealth
- beneficial ownership chains
- organisational structures.
Security and privacy
KYC and KYB verifications require extensive amounts personally identifiable information (PII). Avoid the mistake collating this information on emails, phones or in physical documents from the start. Source by First AML meets global-standard, multi-layered security protocols ensuring you and your clients are protected from:
- Reputational risks related to catastrophic ‘black swan’ breaches.
- Financial risks caused by non compliance or data breaches.
Trusted by local and global companies
Leave the complexity to us
First AML is the KYC partner you need to support your company's desire to do the right thing while delivering an exceptional ROI. Meet your compliance requirements with scalability and fiscal responsibility in mind.
Peace of mind.
The First AML platform is build to regulations and embedded with smart workflows born from deep domain expertise. As regulation requirements change, so too does the platform.
A superior user interface makes quick work of case requests, leaving your team to focus on billables and advisory rather than document chasing.
Learn more about Source by First AML
Always up-to-date and accurate.
Source by First AML delivers effortless Ongoing Customer Due Diligence (OCDD), delivering auto alerts to fundamental changes like beneficial ownership or document expiry.
PEPs, sanctions and adverse media
Real-time monitoring of over 1,100 PEPs and Sanctions lists worldwide with results delivered via exception-based reports.
It's never been easier to build and follow an audit trail.
Source by First AML, automatically builds an audit trail as you go. Risk assessments, time stamps, exceptions, decision trails, audit logs... all available, all the time, all in one place.
Add auditors as 'read-only' users, allowing them to find what they need in a few clicks while ensuring customer privacy rights.
KYC and KYB publications for accounting firms.
70% of accountants have money laundering fears over Russian dark funds
Your Complete Guide to Setting Up a Successful AML Compliance Programme
This guide breaks down the steps your business needs to take when setting up a successful compliance programme.
5 Things Accounting Firms Should Consider When Outsourcing AML
Regulations, privacy concerns, obscure control and ownership structures. Take a deep dive to see how to address it.
Tax havens: the wealthy, the bad and the ugly
For maximum tax efficiency, the wealthy create complex or opaque structures with multiple layers of ownership and shareholdings.
8 common struggles with Source of Wealth and Source of Funds
Source of Wealth and Source of Funds are often used interchangeably but they don't mean the same thing. Find out the key differences and impacts.
Specialist AML for your most common clients.
Here’s why our clients love First AML.
What I like about First AML is that it makes it easy and painless for our customers.Lisle Clements Grant Thornton
First AML's simplicity and ease of use has streamlined and simplified the AML process, resulting in faster client onboarding.Hamish Baker Baker Accounting
First AML has drastically reduced the administrative hassle of the AML process, providing our staff with more time to focus on serving our clients.Thomas Barnaby Shieff Angland Law