As with many business proprietors, Andrew Halfacree is a man with much responsibility and principles to uphold. As both a 25 year owner and Director of Flude Property Consultants, Andrew has worked hard, and at the coalface, in building a successful, ethical and compliant commercial real estate business.
A thorough review of Flude’s AML procedures in 2022 resulted in them deciding to outsource the verification and record keeping obligations. After a thorough round of due diligence and competitive comparisons, First AML was chosen.
In addition to his role at Flude, Andrew is a board member for The Commercial Property Network (The CPN, previously known as PAI); a network of 30 firms of property advisers across the UK. Flude’s experience with First AML has been communicated to The CPN members and recommended for those considering outsourcing the obligations.
Andrew explains: “The benefits we saw in partnering with First AML were three-fold:
- Time savings
The partnership allows our firm’s fee earners to focus their time back on revenue generating activities and listings instead of admin heavy and risk prone AML onboarding tasks. - Peace of mind
Knowing that we will be compliant when the HMRC comes knocking - Catching the baddies
What we are doing is for the wider social good, preventing instances of money laundering, human trafficking and other crimes.
The benefits we have experienced as a result of partnering with First AML will be relevant to all members of The CPN who have AML obligations to fulfil.
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Flude Property Consultants are an independent, regional firm of Chartered Surveyors regulated by the RICS who specialise in advising clients who own or occupy real estate. The firm provides a range of services to include lettings and sales, property development and investment, asset management, lease advisory, valuations, business rates advice and property management.
About First AML
This article is not only written from the perspective of a technology provider, but also from the lens of compliance professionals. Prior to releasing Source, First AML’s orchestration platform, we processed over 2,000,000 AML cases ourselves. Understanding the acute problem that faces firms these days as they try to scale their own AML, is in our DNA.
That's why Source now powers thousands of compliance experts around the globe to reduce the time and cost burden of complex and international entity KYC. Source stands out as a leading solution for organisations with complex or international onboarding needs. It provides streamlined collaboration and ensures uniformity in all AML practices.
Keen to find out more? Book a demo today!