Register interest and verify bidders in minutes.
Effortless bidder and seller due diligence for auctions and auctioneers
Solve your auction firm's toughest compliance challenges.
Let's make it simple and fast.
Speed to onboard & pre-verification
Auctioneers must confirm a buyer's identity before accepting their bid. However, the traditional method of collecting bank statements and ID documents has become an obstacle.
Our digital AML solution not only accelerates transactions but also helps minimize the risk of unsuccessful deals by verifying funds prior to receiving a paddle.
What's more, if they've been verified by First AML before, our re-verification process drops to a matter of hours.
Eliminate the need for bidders to go through a separate verification process, which can be time-consuming and cumbersome. Bidders can seamlessly verify their identities without having to leave the signup flow of your auction.
By staying within the auction firm's signup flow, bidders can easily and quickly complete the verification process, enabling them to participate in the auction as soon as possible.
Check bidder entities anywhere
Check bidder identities online from anywhere at any time. 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
Remove the uncertainty of increasingly complex and nuanced regulation on both your team and bidders:
- continuous alignment against standards and recommendations set by HMRC
- a pre-verified, international KYC / KYB ecosystem for compliant and quick retrievals
- auto alerts for PEPs, sanctions and adverse media based on the cleanest and newest lists
- perpetual document, decision and risk assessment storage for ESG and audit requirements.
Secure storage for easy retrieval
First AML meets global-standard, multi-layered security protocols ensuring you and your clients are protected from:
- Reputational risks related to catastrophic ‘black swan’ breaches
- Financial risks caused by non-compliance or data breaches.
Trusted by local and global brands
Ethically responsible, financially prudent.
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.
EIV auto-verify. First AML Lite.
Meet AML obligations while delivering exceptional customer experience through a quick and easy verification process.
- Verify anywhere, anytime.
Empower clients to prove their identity with just a phone, photo ID and their face.
- Remove the burden
Using a combination of AI and machine learning, First AML balances both ID pass rates and reviews at scale. While automated workflows better onboarding experiences.
Integrate with anything.
First AML's open API provides a path to seamless onboarding and verification.
Direct upload and integration to your chosen system lowers the cost of admin, reduces errors and provides quicker time to revenue.
KYC and KYB publications for commercial and residential real estate.
43% of property professionals ignore rising threat of money laundering fines
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.
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 & 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.
Specialist AML for your most common clients.
KYC for private wealth.
Are your High Net Worth Individuals and Ultra High Net Worth Individuals on a PEP or sanction list? And where did their money really come from?
We have years of experience working with privately wealthy people and will help you cut through pre-made AML packs, tax-efficient structures located in tax havens, all while keeping them happy.
KYC for overseas investors.
Ensure your overseas investor clients can quickly and easily make investments while meeting AML requirements.
Tax haven countries, foreign languages and family office are all easily managed with First AML.
Here’s why our clients love First AML.
First AML is easy to use and saves me so much time, so I can focus on getting more listings.Tina Lum Inspire Realty
First AML has taken a great weight off our shoulders – especially for those harder cases like trusts and companies.Sarah Gibbons Lowe & Co
Our salespersons like the ease of use of First AML, ensuring that the listing and sale process can commence with minimum delay.Euon Murrell Tommy's