KYC for High Net Worth Individuals
Get to the point, keep your high net worth individuals happy and cover yourself against fast moving PEP and sanctions lists.
Solve your toughest AML challenges with high and ultra high net worth clients.
Complex entities and international UBOs.
The First AML platform helps you easily address:
- Tax haven domiciled entities
- Uncovering UBOs
- Family office complexity
- Unusual wealth types such as crypto, gems, NFTs and art
Reduce risk exposure from quickly-changing PEP and sanctions list inclusions with First AML's continuous 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.
Trusted by local and global companies
No 'back and forth'
We've done AML for years and have perfected the tools and processes to remove the most burdensome, time-intensive tasks.
Once you have the documents they're stored in a single ecosystem for future quick retrieval.
First AML embeds excellent experience in the KYC/KYB process in five key areas:
- Original document collection, such as SoW and SoF
- KYC ecosystem for quick retrievals
- Optimised workflows and smart tasks
- Smart automation that removes admin-heavy tasks
Publications on AML and high net worth individuals
KYC for the time-poor and privacy-anxious.
It’s said that time is money, and when dealing with HNWIs it should be amended to include ‘and everyone wants some’. So how is a compliance team best to work with them?
Family ties and alibis
Cut through the tax-efficient structures in tax havens that are made for every single family member and every single business venture.
Is it money laundering or just good business? Follow the money.
If the Pandora Papers (and the Panama and Paradise papers) did nothing else, it shone a light on the extent to which the rich and famous go to, to shield their wealth, and how long it’s been going on.
New wealth types: crypto, NFTs, gems and art
It used to be easy. People made wealth through property, shares or a great salary. But nowadays, crypto and NFTs are a whole new ball game.
8 Common Struggles with Source of Wealth and Source of Funds
Source of Wealth and Source of Funds are often used interchangeably but they don't mean the same thing. Find out the key differences and impacts.
Why wouldn’t you?
Do it once, do it right.
Let’s talk about your compliance process.