KYC for High Net Worth Individuals

Get to the point, keep your high net worth individuals happy and cover yourself against fast moving PEP and sanctions lists.

Solve your toughest AML challenges with high and ultra high net worth clients.

Complex entities and international UBOs.

The First AML platform helps you easily address: 

  • Tax haven domiciled entities
  • Uncovering UBOs
  • Family office complexity
  • Unusual wealth types such as crypto, gems, NFTs and art

Non standard KYC/B

Ongoing Monitoring

Always up-to-date and accurate.

Ongoing monitoring

Source by First AML delivers effortless ongoing monitoring, delivering auto alerts to fundamental changes like beneficial ownership or document expiry.

PEPs, sanctions and adverse media

Real-time monitoring of over 1,100 PEPs and Sanctions lists worldwide with results delivered via exception-based reports.

Ongoing monitoring

Blackbird VC
Gibson Sheat Lawyers
Grant Thornton
20VC
Flude Property Consultants
BHP

No 'back and forth'

We've done AML for years and have perfected the tools and processes to remove the most burdensome, time-intensive tasks.

Once you have the documents they're stored in the platform for future quick retrieval.

How it works Book a demo

Exceptional experiences

First AML embeds excellent experience in the KYC/KYB process in these key areas:

  • Original document collection, such as SoW and SoF
  • KYC storage for quick retrievals
  • Optimised workflows and smart tasks 
  • Smart automation that removes admin-heavy tasks

Onboarding experiences

Publications on conducting KYC on ultra and high net worth individuals.

Is it money laundering or just good business? Part 1: Follow the money.

Part 1: Follow the money

If the Pandora Papers (and the Panama and Paradise papers) did nothing else, it shone a light on the extent to which the rich and famous go to, to shield their wealth, and how long it’s been going on. Find out how compliance teams should approach the heady world of HNWIs.

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Is it money laundering or just good business? Part 2: Time poor and anxious.

Part 2: Time poor and anxious.

It’s said that time is money, and when dealing with HNWIs it should be amended to include ‘and everyone wants some’. So how is a compliance team best to work with them?

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Is it money laundering or just good business? Part 3: Family ties and alibis

Part 3: Family ties and alibis

There’s a reason families that get rich stay rich. Since the inception of taxation itself, tax avoidance, (and related tax havens) has been the go-to practise that helps rich people stay rich.

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Is it money laundering or just good business? Part 4: Crypto, NFTs, gems and art.

Part 4: Crypto, NFTs, gems and art.

It used to be easy. People made wealth through property, shares or a great salary. If they were really exotic they may have invested in fine art or gems.  But nowadays, crypto and NFTs are a whole new ball game.

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A stash of Great Britain Pounds

Unusual wealth types present unique challenges for AML efforts, and AML practitioners do best to strictly follow AML best practices to combat these challenges.

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Onboard clients faster than ever before.