First AML, a global anti-money laundering (AML) scaleup, has launched its self-service platform called Source, aimed at redefining AML workflows for compliance professionals and teams. The platform is designed to streamline AML compliance for businesses with complex onboarding needs across various sectors, including financial services, law firms, accounting firms, and real estate agencies.
Key features of First AML Source include:
- Global Reach: Access to over 300 global corporate registries spanning more than 100 countries.
- AI-Powered Identity Verification: Utilizes AI technology for efficient identity verification.
- Compliance Automation: Automates compliance processes for improved efficiency.
- Data Collection Decisioning: Streamlines data collection and decision-making.
- Real-Time Case Visibility: Provides real-time insights into compliance cases.
- AML Intelligence: Equips users with vital AML intelligence.
- Risk-Tolerance Flexibility: Offers flexibility in managing risk tolerance levels.
The platform aims to help organizations save time, reduce costs, and eliminate frustrations associated with AML compliance. It enhances compliance workflows, maintains consistency, and reduces the risks of data security and privacy breaches.
First AML Source arrives as businesses face increasing regulatory challenges and the need for robust AML measures. It offers a comprehensive solution to navigate complex global compliance requirements. Beta users have reported a 70% increase in efficiency using the platform.
By FCCT Editorial Team
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