Painless counterparty AML
Mitigate your risk exposure and keep regulators happy.
Frustrated by having to chase after others to get your counterparty AML?
Meet your HMRC counterparty AML obligations easily with our easy request system, and leave the runaround to us.
Carrying out CDD on your own customers as well as the counterparty to your transactions can be onerous and admin-heavy, particularly when you are at the mercy of other parties who are not eager to provide you with the relevant docs.
First AML is built to regulation standard, ensuring you collect, verify and process what you need to as per your company's risk appetite. Smart workflows and leading data sources ensure you are always audit-ready without the manual hassle.
As regulations change, so does the First AML platform, so you always have the right information when and as you need it.
Protect your reputation
Upholding your reputation and credibility is critical in gaining the trust of your clients and building a positive reputation in the industry. Maintain your reputation and credibility with our simple counterparty AML capability, while retaining your existing client relationships.
- Our pre-verified KYC ecosystem makes retrieving counterparty information simple
- Embedded domain expertise, in particular for tax efficient/haven countries
- Optimised waterfall triggers for workflow automation
Take appropriate measures to reduce the risks associated with the transaction or client. Know when to conduct additional due diligence, such as obtaining more information about the source of the client's funds.
With easy counterparty AML information to hand, you can easily implement additional risk mitigation measures such as setting up an escrow account to hold the funds until the transaction is completed.
Protect yourself from potential legal, financial, and reputational risks associated with real estate transactions.
Remove uncertainty and cost with First AML. Access the cleanest, most relevant and up-to-date datasets from hundreds of government, consumer, credit, PEP and sanctions data sources, as well as thousands of adverse media sources.
Using First AML removes the need to pay and engage with numerous third parties and supports full auditability.
Trusted by local and global brands
Publications on understanding AML compliance requirements.
How to Win at AML Compliance
Getting your AML compliance right can be a challenge. Here are practical ways to make it easier for you.
4 ways to meet AML requirements without the pain
AML pain usually falls into two camps - cost and clarity. We’ve collated some of our best local advice to help you have a less painful compliance journey.
Tax Havens: the wealthy, the bad and the ugly
What's an MLRO to do when a client has a complex or opaque structure, with multiple layers of ownership and shareholdings in a tax haven country?
Your Complete Guide to Setting Up a Successful AML Compliance Programme
This guide breaks down the steps your business needs to take when setting up a successful compliance programme. Here’s what you need to get in place for upcoming AML changes.
Read the guide.
The Ultimate AML Cheat Sheet for Compliance Officers & Teams
Here is First AML’s advice on how to deal with the most common problems compliance teams face when verifying their clients.