London, UK; 26 January 2023: Anti-money laundering tech scaleup First AML has today announced its ICAEW Technology Accreditation. The recognition was given after a rigorous technical assessment in areas including access and security, data processing and reporting, usability, and functionality.
The Institute of Chartered Accountants In England and Wales (ICAEW) is a professional membership organisation of accounting professionals with over 198,000 members. It is also a supervisory body that ensures its members comply with their obligations under the Money Laundering Regulations 2017.
The evaluation methodology of the ICAEW Technology Accreditation Scheme allows software providers to show that their software is fit for use by accountants in England and Wales. The scheme ensures accounting firms can easily identify trusted solutions that have been evaluated by an independent third party as being appropriate for their practice.
Simon Luke, UK Country Manager at First AML, commented “Being accredited by a respected industry body like the Institute of Chartered Accountants in England and Wales is a significant step for us and has further reinforced our position in the market. We are proud to be part of a suite of solutions that the Institute has approved for its members, and look forward to supporting more accountants to manage their anti-money laundering processes in a fast, frictionless and secure way.”
About First AML
First AML simplifies the entire anti-money laundering onboarding and compliance process. Its SaaS platform, Source, stands out as a leading solution for organisations with complex or international onboarding needs. It provides streamlined collaboration and ensures uniformity in all AML practices.
First AML transforms an otherwise complex and manual process into one that is simple, cost-effective, and compliant for businesses. By delivering efficiency and time savings, it protects reputations and enables companies to stay on the right side of history in the face of global threats.
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