KYC for escrow services
Allow your transactions to complete with confidence. Minimise the risk of your services being used for money laundering.
At First AML, the most complex entity we have in our ecosystem is 52 beneficial ownership layers deep and spans across 35 countries. Complex entities, located across diverse geographies with overseas UBOs are our speciality.
We'll help you meet AML requirements through a pre-packaged view of your client including:
- source of funds and source of wealth
- beneficial ownership chains
- organisational structures.
Effortlessly verify your international clients. Trusts and other entities are easy for us, individuals are even easier. If you're dealing with complex entities such as companies or trusts they are either retrieved instantly from our pre-verified global database or newly verified in less than a week.
Reduce risk exposure from quickly-changing PEP and sanctions list inclusions with First AML's ongoing monitoring.
Automatic client cross-checks are conducted daily against the latest and cleanest global lists. If a new match is found a notification is delivered to your inbox, in an at-a-glance format, for immediate and proactive action.
Time and cost
Achieve compliance without constraints. With First AML you'll be compliant without risking transactions. Provide a positive customer experience, every time, no matter if it's a simple capital raise or a complex M&A deal.
Protect yourself. Escrow is a money laundering target.
KYC for real estate.
Property transactions are uniquely vulnerable to money laundering, so when providing escrow services you need to be especially vigilant.
Get robust KYC/KYB checks on your parties and find out the ultimate beneficial owner on each side so you can transact with confidence.
KYC for online marketplaces and ecommerce.
Retain your status as a secure online marketplace. Protect your reputation and your commission and services fees by only letting on legitimate buyers and sellers.
KYC for capital financing.
Robust KYC and KYB processes for any deal profile, from M&A activity through to capital raising and more. Where you are de-risking deals for your clients, get assurance that you are holding legitimate funds for legitimate owners and comply with all your AML regulatory obligations with ease.
KYC for pensions.
Trustees of pension plans are required to find out about the companies they conduct business with, including understanding and recording the beneficial owners under the scheme.
Obtain ultimate beneficial owner information, relevant source of funds information, and other necessary KYC and CDD information with our easy request system.
Trusted by local and global companies
Publications for KYB and KYC in finance.
Convera x First AML: cross border transactions in unusual times
Hear from industry leaders Neil Jeans from Grant Thornton and Stuart Walker from Heritage Bank.
Why anti-money laundering should be a business priority for financial services
In a recent survey, we discovered that the majority (57%) of financial services professionals are only ‘somewhat confident’ in their anti-money laundering procedures.
The Ultimate AML Cheat Sheet for Compliance Officers (and Teams!)
Getting AML compliance right can be a challenge, but this cheat sheet will help. Here is First AML’s advice on how to deal with the most common problems compliance teams face when verifying their clients.
Riding the dip: Compliance in a downturn market
To help you through the expected recession, we will be sharing the best research and insights from leading consulting firms.
How leading non-bank lenders are helping customers achieve their dreams
A deep dive into competitive compliance.
Here’s why our clients love First AML.
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
First AML's simplicity and ease of use has streamlined and simplified the AML process, resulting in faster client onboarding.Hamish Baker Baker Accounting
What I like about First AML is that it makes it easy and painless for our customers.Lisle Clements Grant Thornton