KYC for commercial real estate and property developers.
With property, time really is money. No matter if your client is a developer or commercial real estate owner, we have their KYC / CDD needs covered.
Solve your toughest AML challenges with property investors.
Ongoing monitoring for serial developers and investors.
Support your clients to meet their development schedule, while you meet compliance requirements with one-off KYC and ongoing monitoring. Keep revolving credit lines open without AML requirements causing problems.
Complex entities and overseas clients
Support your commercial real estate and property developer clients no matter if they're local or global. Address the most common challenges with AML:
- Complex entity types including companies, partnerships and trusts
- Uncovering UBOs
- Family office complexity
- Overseas client verifications
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 in our pre-verified entity ecosystem for future use. If SoW / SoF is from new wealth types, such as NFTs or crypto, we deal with that too.
Trusted by local and global companies
Offer your commercial property clients flexibility and speed; no matter the finance option. Hire purchase, finance leasing, contract hire or operating lease. First AML offers one-off or ongoing KYC for asset resellers and asset manufacturers with property clients.
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 property investors
How will the Register of Overseas Entities changes affect your AML process?
From 1 August 2022, the introduction of the Register of Overseas Entities means that your AML verification process for overseas entities will change.
43% of property professionals ignore rising threat of money laundering fines
Almost half (43%) of property professionals are not improving their anti-money laundering (AML) processes because they either don’t care or don’t think they will get fined.
Read the full research report.
Londongrad: how the City became a money-laundering haven
Since the dawn of Russia’s war with Ukraine, scrutiny has intensified on illicit financial activity conducted in the UK.
5 ways criminals launder money through real estate
Large sums of money, complex transactions, little oversight – it makes the perfect conditions for money laundering.
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.