Solve your firm's toughest compliance challenges.
Let's make it accurate, on-chargable and fast.
Regulatory complexity
Remove the burden and uncertainty while achieving just the right level of compliance without impacting customer experience through:
- source of wealth and source of funds auto collection
- auto alerts for PEPs, sanctions and adverse media
- perpetual document, decision and risk assessment storage.
Enhanced Due Diligence
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 your immediate action.
International companies
Complex entities, located across diverse geographies with overseas UBOs are our specialty. We'll help you meet AML requirements through a single view of your client including:
- source of funds and source of wealth
- beneficial ownership chains
- organisational structures
Security and privacy
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.
Remediation
Don't let inadequate legacy processes put your business at risk. Identify and correct any issues in your KYC data to ensure you future-proof your business.
First AML is helping financial institutions reduce risk by making sure that their KYC data is up-to-date, maintained and monitored continuously.
Trusted by local and global companies
Integrity and excellence in your AML.
You've spent years building your firm's excellent reputation and understand that it's built on more than just legal work. First AML is the compliance partner you need to support your firm's desire to always do the right thing while delivering exceptional service.
Exceptionally easy.
First AML provides an exceptionally easy way to complete your KYC / KYB requirements. For your team it offers intuitive, easy to use request and approval functionality. While for your clients it provides a superior customer experience, leaving them feeling positive about your firm and the process.
Learn more about Source by First AML
Ongoing monitoring
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.
Made for humans.
Unlike other KYC / KYB solutions, First AML was designed, from the outset, for easy compliance. Our founders worked in the compliance world and that deep understanding drives our platform today. First AML:
- Solve for the complex
We've solved the pain of international, complex entities. - Fail-safe escalation
Your team isn't left to clean up the mess of failed EIVs or missing source documents. Instead, single-click escalation ensures everything's delivered as needed. - User experience first
Quick, simple and easy. First AML removes KYC friction and delivers exceptional experiences for clients and staff alike.
Hear from our partners
"Firms often struggle to get the AML discipline balance right - CDD can be under or overdone which can in some cases create additional unnecessary work for the firm and customer.
I see a lot of value for mid- to large-sized firms to have something to guide them with requirements, particularly firms looking along the lines of or asking themselves if they should invest in a centralised team.
A typical law firm that has a centralised team with one inbox into which all CDD documents are received and then filed away. Centralised teams often struggle with this workload. First AML’s platform helps the team understand what documents are required for each client and if there’s anything else they need to ask for. This is also useful where there may be differing levels of AML experience levels or confidence within the firm.
We like working with First AML because they’re transparent on what the product does. It's important to show the regulator you understand what your AML software is doing for you and the source of where the data is coming from."
Amy Bell, Teal Compliance
KYC and KYB publications for law firms.
70% of lawyers have money laundering fears over Russian dark funds
4 Red Flags for Law Firms
Law firms are often targeted by money launderers because of the position of trust they hold in society.
UK law firms banned from handling transactional legal advisory services for Russians
In response to the annexation of Ukrainian provinces by Putin, the UK has announced new sanctions as of 3rd of October.
4 Ways to Make AML Easier for Small & Medium Sized Law Firms
Tailored for small and medium law firms, our Chief Revenue Officer discusses compliance and technology nd shares practical advice on how law firms can meet their AML obligations. Watch here.
8 common struggles with Source of Funds and Source of Wealth
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 customers love First AML.
We have found First AML extremely easy to use for us all. Great support from the team too!
Nicole Brooke-Cowden Pattersen Hopkins
I really appreciate how efficient and easy-to-use the First AML platform is.
Kirsten Foote WRMK Lawyers
Takes a lot of the burden away from fee earners whilst still involving them in the thinking and decision making.
Adrian Scotland Partner