Complex Australian and international entities are our speciality.
Let's make it fast, secure, and compliant.
KYC can be annoying at best and infuriating at worst for your high net worth individuals investor base. Make it easier for everyone with First AML. Our platform embeds excellent experiences in the KYC/KYB process in these key areas:
- Original document collection, such as SoW and SoF
- Optimised workflows and smart tasks
- Smart automation that removes admin-heavy tasks
Source by First AML completes end-to-end due diligence on the complex entities involved in credit and debt transactions, that traditional administrators won’t touch.
Ensure your teams have full visibility of the clients you are working with, and the complex structures of beneficial ownership sitting behind them.
Calm the complex
Source by First AML has a proven track record of collating the right information, in the right format, in the right timeframe, allowing your team to focus on the transaction.
Large transactions with numerous guarantors and foreign entities are easily onboarded and managed with the First AML platform.
Privacy and security
First AML meets global-standard, multi-layered security protocols minimising risk of a 'black swan' cyber event or repetitional ruin. A sample of some of our security and privacy actions include:
- ISO 27001 certification.
- AWS data storage located in Sydney, Australia.
- Quarterly independent, third-party penetration testing.
Trusted by local and global companies
Active management meets risk mitigation.
As you actively manage investment portfolios and mitigate risk for clients, the First AML platform actively manages AML requirements and mitigates repetitional risk for you.
Onboarding complex entities
Remove difficulty and process time.
Complex entities are difficult. First AML specialises in providing accurate and fast KYB for complex entities.
- International clients
- Tax haven domiciled entities
- Uncovering opaque UBOs
- Family office complexity
Unwrap complex, international structures that hide UBOs, without compromising service or speed to revenue.
First AML supports the identification of UBOs through a unique combination of:
- Entity structure visualisations
- Current and relevant international data sources
- Optimised AML workflows and waterfall triggers
- AI-driven biometric EIV
Source of Wealth / Source of Funds
Remove uncertainty and difficulty
You don't always need both SoW and SoF. But when you do, our solution obtains them, associates them to the case and stores them for your ease of retrieval. If SoW / SoF is from new wealth types, such as NFTs or crypto, we deal with that too.
"What I love about First AML is how easy it is to use the platform - the intuitive UI makes it very user-friendly."
Ellie Hall, Ops Associate, Jelix VC