Regtech Startup First AML Launches in Australia
First AML, an anti-money laundry regtech startup, announced on Tuesday it has launched its operations in Australia.
Founded in 2017, First AML streamlines anti-money laundering compliance through its online identity verification system that may be used by individuals anywhere in the globe through a smartphone. The company noted its end-to-end Customer Due Diligence platform is used by financial service providers, lawyers, accountants and real-estate agents, providing them complete visibility and management oversight.
“First AML is a specialized outsourced Customer Due Diligence (CDD) service provider operating in accordance with AML/CFT Act 2009. We can fulfil your AML compliance obligations on your behalf, taking the complexity and administrative burden off your hands.”