Unicorns Podcast: First AML warming up for global push
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The Unicorns Podcast connects you to some of the best and brightest founders, CEOs, executives, business owners, VCs and inspiring leaders who make things happen and inspire others.
Hosted by former broadcast journalist and PR veteran, Justin Kelly, we chat to leaders on the front line on how to get started, what it takes to build a successful business, how to overcome challenges, and advice for those on a similar journey.
In this episode, Justin talks with Andrew Jackson, Australian country manager for anti-money laundering compliance software solution First AML.
First AML is a specialised outsourced CDD/KYC software solution operating in accordance with AML legislation for Australian, New Zealand and UK reporting entities. It was set up by former corporate bankers who saw first-hand the difficulty of AML onboarding and how it could slow down transactions.
First AML automates the highly manual Anti-Money Laundering (AML) Customer Due Diligence/Know Your Customer (CDD/KYC) process. Its cloud-based platform, team of local compliance analysts and global pre-verified entity ecosystem automates the traditional AML compliance process by taking it completely off clients’ hands to create a better customer experience.
Founded in 2017, First AML entered the Australian market last year. Following a recent capital raise, it is planning further international expansion, including into the UK shortly.
In this episode, Andrew talks through the how the business began, how it’s developed, where it’s headed, regulation changes, global trends, the all important Tranche II and the future of AML and KYC.