London, UK; 13 August: First AML, the anti-money laundering (AML) scaleup, today announced its integration with 3E®, the first cloud-native software as a service financial management and business operations solution for law firms, from Elite.
Utilised to connect all critical areas of law firm operations, 3E provides a highly configurable platform with industry-leading security, advanced analytics, and consistent mobility for its users. Similarly, First AML empowers organisations to conduct AML, KYC and KYB processes via the platform solution Source, which streamlines the anti-money laundering onboarding and compliance process.
Having launched Source in 2023, the integration with 3E will grant law firms access to simplified workflows, reusable client data, automated screening and all-in-one onboarding questionnaires in one place. Comprehensive screening is available at the press of a button, while compliance is consistent regardless of legislative changes or staff turnover.
Bion Behdin, Founder and Chief Revenue Officer at First AML, commented: “With compliance and regulations becoming increasingly intricate, law firms are feeling growing pressure to keep one step ahead. This integration with 3E will relieve much of that burden, as organisations will have their anti-money laundering processes streamlined and secure at every point.”
James Bible, Sales Director - APAC of Elite, added: “At Elite, we are focused on providing innovative solutions to better support our customers’ evolving needs, particularly when it comes to optimising resources, streamlining processes and bolstering security. With First AML sharing a similar customer ethos, we’re excited to announce the integration of 3E to boost productivity and deliver greater efficiency.”
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.
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