Start confident, stay compliant.
The smoothest way to meet Tranche 2 reforms in your legal practice.
Millions of clients are verified faster through 1000s of companies with First AML.
Do it once, do it right.
AML regulations are a major change to your practise, so do it right the first time.
Source, by First AML will set your firm up for long-term success, ensuring you won’t need to revisit or overhaul your compliance solution down the line.
Elevate your KYC Workflow
Source by First AML redefines KYC with a streamlined, efficient, and customisable approach.
- Integrated data feeds simplify data management
- Customisation options adapt Source to your unique AML processes
- Centralised, timely and relevant information reduces time-to-decision
- Auto alerts and reminders allow management by exception
- Audit trails are auto-built with every action
- Adaptive rule-based verifications trigger relevant due diligence checks based on specific customer risk levels.
Integrations and APIs
Aderant, Elite 3E, Intapp, Actionstep, InfoTrack...
Source either currently integrates, or is in the process of integrating, with key legal systems ensuring your firm’s workflows are uninterrupted while your new AML compliance processes remain efficient, secure and scalable.
Platform security
Bank-grade security protects sensitive data and safeguards your business.
First AML is committed to being a trusted partner for compliance by following industry best practices and achieving key security certifications. Our security-first culture translates into reduced risk and peace of mind for both our clients and their customers alike.
Governance and Reporting
Maintain transparency and accountability throughout your AML compliance journey.
With robust reporting tools and tailored governance frameworks, you can easily track, audit and document activities. Generate detailed reports for regulators and maintain organised records of key actions, helping your firm stay compliant, confident and future-ready.
Don't be fooled by multiple tools.
Do it all in the First AML Platform.
Reduce risk, and save time with the most complete all-in-one AML platform.
Leading law firms choose First AML.
AML Tranche 2 resources for law firms.
Part 1: Money Laundering 101
Find out what is money laundering, how it’s done, the significant cost to the Australian economy and how it affects individuals, businesses, industries, economies, and the world at large.
Part 2: The Global Landscape Of AML And Why It’s Coming To Australia.
Come take a deep dive into the global landscape of AML and understand the human impact of why it’s coming to Australia.
Part 3: AML And Legal Professional Privilege (LPP)
A big part of the Law Council of Australia (LCA) submission on the proposed AML legislation centred on LPP. Here we offer alternative perspectives based on global precedence.
Part 4: Staying Compliant. Setting Up A Robust AML Programme For Your Law Firm.
Using Tranche 1 legislation as a guide, take a look at what it will likely mean for creating an AML programme at a law firm.
Part 5. Money Laundering Red Flags In The Legal Sector
In this piece, we highlight some of the red flags that signal potential money laundering and share real life examples.