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.
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 specialty. 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
- 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.
Trusted by local and global companies
Identity Verification (IDV)
Experience one-click verifications.
It's just so easy. IDV results attach directly to the correct contacts and cases and if a verification doesn't pass, intelligent workflows step in, notifying clients and requesting the necessary information for completion.
You choose KYC verification settings accessed via global data sources, including 1,100+ real-time PEPs and Sanctions lists worldwide, 300+ corporate registries spanning 100 countries, and numerous reliable government ID databases and credit bureaus.
No to double data entry. Yes to efficient and real-time compliance.
Choose how you use the public API:
- Create a case.
- Automate marking case complete where it meets certain criteria,
- Develop integrations to automate processes
- Synchronise risk assessment results to remove the need for double-entry across systems.
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