Start confident, stay compliant.
The smoothest way to meet Tranche 2 reforms in your legal practice.
Millions of clients are verified faster through thousands of companies with First AML
Do it once, do it right.
AML regulations are a major change to your practice, so do it right the first time. Source, by First AML will set your firm up for long-term success, ensuring you won’t need to revisit or overhaul your compliance solution down the line.
Elevate your KYC Workflow
Source by First AML redefines KYC with a streamlined, efficient, and customisable approach.
- Integrated data feeds simplify data management
- Customisation options adapt Source to your unique AML processes
- Centralised, timely and relevant information reduces time-to-decision
- Auto alerts and reminders allow management by exception
- Audit trails are auto-built with every action
- Adaptive rule-based verifications trigger relevant due diligence checks based on specific customer risk levels.
Integrations and APIs
Aderant, Elite 3E, Intapp, Actionstep
Source either currently integrates, or is in the process of integrating, with key legal systems ensuring your firm’s workflows are uninterrupted while your new AML compliance processes remain efficient, secure and scalable.
Platform security
Bank-grade security protects sensitive data and safeguards your business.
First AML is committed to being a trusted partner for compliance by following industry best practices and achieving key security certifications. Our security-first culture translates into reduced risk and peace of mind for both our clients and their customers alike.
Governance and Reporting
Maintain transparency and accountability throughout your AML compliance journey.
With robust reporting tools and tailored governance frameworks, you can easily track, audit and document activities. Generate detailed reports for regulators and maintain organised records of key actions, helping your firm stay compliant, confident and future-ready.
Meeting VOI requirements with Source
Source gives law firms everything they need to meet both AML and ARNECC’s VOI requirements - no duplication, no workarounds and no gaps.
Fully compliant with ARNECC VOI rules, including Clause 6.5.2(b)
- Seamlessly integrates VOI into AML workflows - no separate tools needed
- AI-driven biometric verification for face match and liveness
- Consistent, firm-wide handling of VOI requirements
- Customisable ‘reasonable steps’ options based on scenario, risk level, location or practice area
- All actions logged and auditable at both matter and client level
- Supports secure, digital collection of Client Authorisation Forms and ID documents
Frequently Asked Questions (FAQs)
What is Clause 6.5.2(b) of the ARNECC Model Participation Rules?
Clause 6.5.2(b) requires legal practitioners to take reasonable steps to verify the identity of clients when completing registry-related transactions.
What’s the difference between VOI and AML compliance?
VOI (verification of identity) is a legal requirement under the ARNECC Model Participation Rules for property and registry-related transactions. AML compliance refers to customer due diligence (CDD), ongoing monitoring and risk assessments under anti-money laundering laws. While both involve identity checks, they are governed by different regulations and have distinct requirements.
Is Source compliant with the ARNECC Model Participation Rules?
Yes. Source supports compliance with Clause 6.5.2(b) of the ARNECC Model Participation Rules by enabling firms to take reasonable steps to verify client identity using DVS checks, biometric liveness detection and digital client authorisation forms.
How does Source help with VOI compliance?
Source uses a combination of government-integrated DVS checks, AI-driven biometric face matching, and client-uploaded documents to meet ARNECC’s VOI standards and Clause 6.5.2(b) requirements. The workflow adapts based on whether prescribed or non-prescribed procedures are used.
Can VOI and AML compliance be handled in one platform?
Yes. Source by First AML combines AML onboarding and VOI into a single workflow that satisfies both regulatory requirements.
Can Source be used for remote VOI?
Yes. Source enables fully remote verification by using digital forms, photo ID uploads, and liveness detection to perform VOI without needing in-person meetings or wet signatures.
Can Source handle high-risk or foreign PEP clients?
Yes. Source supports enhanced due diligence (EDD) workflows including PEP screening, source of wealth documentation, and senior management approval. These can be triggered based on risk level or jurisdiction.
How are documents stored and audited in Source?
All VOI and AML materials are stored securely, linked to both the individual and the matter. Every interaction is time-stamped and auditable, giving risk and compliance teams full oversight across the client lifecycle.
Can I reuse VOI and AML documents for repeat clients?
Yes. Source links all documents and verification results to the client’s profile, allowing your firm to reuse previously verified documents across different matters where permitted.
Is Source suitable for multi-office or large national firms?
Absolutely. Source is built to handle high volumes, complex matter types, and multi-office operations. It allows for firm-wide policy enforcement, consistent workflows, and centralised audit oversight.
What makes Source suitable for large law firms?
It enables consistent firm-wide workflows, audit logging, reuse of verified documents across matters and flexible workflows tailored to risk, jurisdiction or practice area.
Leading law firms choose First AML.
Tranche 2 resources for law firms.
A step-by-step guide to enrolling and registering with AUSTRAC
Follow this guide to learn how to enrol and register with AUSTRAC.
AML/CTF Rules 2025: Reporting groups for law firms
From July 2026, Australian law firms face AML/CTF obligations. Learn how reporting groups, lead entities, and governance impact compliance and liability.
How to avoid Frankenstein AML stacks in the legal setting
Australia is once again the lucky country. Introducing AML reforms now presents a rare opportunity for law practices to learn from global examples and design AML tech stacks that are fit-for-purpose from day one.
AML technology implementation playbook
Rolling out AML technology for Tranche 2? Learn from proven practices and real-world examples in our 9-phase playbook, packed with checklists, risk tips, and practical steps to help your firm implement AML tech with confidence.
AML Tech Buyers Guide
Whether you're exploring new AML software or reviewing your current tech stack, this guide breaks down the different types, functions, and workflows to simplify your buying decision—with an exclusive software scorecard included.