PR Newswire
20 Sep 2023, 05:30 GMT+10
SYDNEY, Sept. 20, 2023 /PRNewswire/ -- First AML, the global AML scaleup, today announced the launch of its new self-service platform - Source, designed to revolutionise anti-money laundering workflows for compliance professionals and teams. The new platform offers an unrivalled choice for organisations with complex or multinational onboarding requirements, delivering streamlined collaboration and ensuring AML consistency.
Created for compliance teams in financial services, law firms, accounting firms and real estate agencies, the platform empowers businesses to save valuable time, reduce costs, and eliminate frustrations associated with AML compliance. Whether it's simple EIV checks or tackling the most challenging and high-risk compliance areas, First AML Source equips organisations with the tools and capabilities to handle it all seamlessly from one platform.
Key features include access to over 300 global corporate registries covering more than 100 countries, AI-enabled identity verifications, compliance automations, data collection decisioning, real-time case visibility, AML intelligence, and risk-tolerance flexibility, all from one platform. With this comprehensive suite of functionalities, organisations can increase onboarding efficiency, enhance compliance workflows, maintain consistent compliance processes, and reduce the risks of data security and privacy breaches.
"We are proud to introduce First AML Source as the go-to solution for businesses grappling with complex onboarding processes and evolving AML requirements," said Milan Cooper, CEO and Co-Founder of First AML. "Our next generation platform is purpose-built to empower organisations to orchestrate and navigate the intricacies of AML compliance effortlessly, ensuring efficiency, accuracy, and peace of mind. Beta users have told us they have already seen a 70% efficiency increase with using the platform."
First AML Source comes at a crucial time when businesses face mounting regulatory challenges, rising costs and the need for robust AML measures has never been more critical. First AML Source serves as a one-stop solution, equipping organisations with the necessary tools to navigate global compliance requirements effectively.
For more information about First AML Source and to request a demo, please visit https://www.firstaml.com/
About First AML:
First AML is an all-in-one AML platform. It powers thousands of compliance experts around the globe to reduce the time and cost burden of complex and international entity KYC. Its enterprise wide, long term approach to the CDD data lifecycle addresses time and cost challenges while minimising compliance, reputational and security risks.
Get a daily dose of Asia Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Bulletin.
More InformationNEW DELHI, India: The flight data recorder from the crashed Air India plane was found on June 13. This vital discovery may help investigators...
BEIJING, China: A typhoon altered its course and struck Hainan Island, southern China, late on the night of June 13. Typhoon Wutip...
BANFF, Alberta: The recent G7 summit has convened for the second and final day in the picturesque Canadian Rockies amidst escalating...
JOHANNESBURG, South Africa: A key global plan to end AIDS as a public health threat by 2030 is now in deeper jeopardy after the United...
CALGARY, Alberta, Canada - U.S. President Donald Trump has announced he is leaving the G7 summit after just one day, and after refusing...
HOUSTON, Texas: Crude oil surged to multi-month highs this week, driven by escalating tensions in the Middle East after Israel launched...
WASHINGTON, D.C.: The Trump administration is weighing a major expansion of its travel restrictions, with a new internal memo revealing...
ARLINGTON COUNTY, Virginia: As global air travel continues its recovery from the pandemic, Boeing has released a tempered 20-year outlook...
NEW YORK, New York - U.,S. stocks closed lower Tuesday as President Donald Trump hinted the United States may join Israel in its attacks...
MENLO PARK, California: Meta Platforms has made a bold move to accelerate its artificial intelligence ambitions—by investing US$14.3...
WASHINGTON, D.C.: This week, President Donald Trump signed an executive order that facilitates Nippon Steel's potential investment...
MOUNTAIN VIEW, California: On June 12, Google announced that it had fixed a temporary global service disruption that impacted several...