AML, KYC and KYB software solution

1. Create

Create a case with a click of a button: either on the Source platform or by leveraging our public API.

You'll also be able to determine the level of KYC verification you'd like to conduct on the case:

• Screening only
• KYC (name, date of birth, address)
• KYC + ID (Government grade)
• KYC + ID anti-tampering
• KYC + ID anti-tampering + biometrics

2. Assess

Once your case is created, send out your risk assessment questionnaire to assess the level of risk of your customer.

If you're verifying an entity, the platform can unwrap the entity structure and from here, you can easily identify the directors, shareholders, UBOs and PSCs that you need to verify.

3. Collect

Document collection has never been easier with Source.

Aligned with the latest regulatory guidelines and specific to the verification and entity types, Source provides a list of recommended documents and steps you need to take to verify your client. This includes supporting documents like Source of Funds (SoF) and Source of Wealth (SoW) collection.

If the case requires an Electronic Identity Verification (eIDV) check, you can choose to do it via the First AML's secure platform or an embedded form on your website.

4. Verify

Source plugs into 300+ global corporate registries and data sources in 185+ countries to ensure thorough verification results. This includes PEPs, sanctions, and adverse media checks.

When hits are identified, false positives are automatically filtered out, so your team can focus only on what matters.

5. Review and maintain

View, review, and export securely stored cases from a fully customisable dashboard, perfect for reporting and audits.

For ongoing monitoring, just tick a box to receive alerts on PEP, sanctions, or adverse media changes. Setting up reminders for ongoing CDD is just as simple—tick a few boxes to schedule re-verifications for low, medium, and high-risk cases.