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 streamlines the entire anti-money laundering onboarding and compliance process. Backed by real expertise, its cloud-based KYC Passport allows complex entities to share their verification across multiple companies and geographies, at their discretion.
Making an otherwise complex and manual onboarding process simple for clients and cost effective and compliant for businesses, First AML delivers efficiency and time savings, protecting reputations, and enabling companies to be on the right side of history in the face of global threats.
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