TABLE OF CONTENTS
Summary
The First AML Platform enables compliance teams to choose the extent of information collected and verified for individuals in line with specific compliance program requirements.
Flexible verifications enable compliance teams to choose whether to apply an all-inclusive check or a KYC-only check, which may not require client contact. These verification settings will be configured during customer onboarding.
Compliance teams can select the most applicable of the seven options they wish to be enabled, depending on their relevance to their business or jurisdiction.
Availability: Setting 3 (KYC only, with Government ID) is only available for AU and NZ.
For how to select and change a verification type in the platform, see How to select and change verification types.
Glossary:
| Term | Meaning | Further information |
|---|---|---|
| EIV | Electronic Identity Verification | Electronic verification |
| EIV form | Electronic Identity Verification form | N/A |
| Screening | Check used to identify any risks associated with an individual (PEP, Sanctions, Warnings, Fitness & Probity, and Adverse Media) | Screening FAQs, Customising screening profiles |
| KYC | Know Your Customer (electronically verifying Name, DOB, Address) | N |
| ID anti-tampering | ID document scan designed to identify fraudulent documents | Understanding individual verification reports |
| Biometric | Facial recognition, comparing the individual to their ID | Understanding individual verification reports |
Verification Settings
Setting 1: Screening only
A basic screening check using details supplied at case creation (name only or name and DOB). No EIV form is sent.
Please note for more accurate Screening Checks using both Name and Date of Birth (DOB) is recommended.
Setting 2: KYC only (no EIV)
A KYC (Name, DOB and Address) check based on details supplied at case creation. No EIV form is sent.
Includes screening check on the individual.
Setting 3: KYC only (with Govt ID) (available for AU & NZ only)
Requires the ID document holder to complete an EIV form. The ID document holder must consent, supply their ID document details and personal information.
Basic screening is undertaken as part of this check.
ID Document details will only be verified if Gov ID Sources are required by country jurisdiction.
Includes screening check on the individual.
Setting 4: KYC & ID anti-tampering
Requires the ID document holder to complete an EIV form. The end user must consent, supply their ID document details and personal information. The end user must provide acceptable photographic evidence of their ID for anti-tapering checks.
*Includes screening check on the individual.
Setting 5: KYC, ID anti-tampering & biometrics
Requires the ID document holder to complete an EIV form. The end user must consent, and supply their ID document details and personal information. The end user must provide acceptable photographic evidence of their ID for anti-tapering checks, and perform a biometric check.
Includes screening check on the individual.
Setting 6: Screening & ID anti-tampering
A screening check is completed on the individual along with completing anti-tampering on the ID document.
Includes screening check on the individual.
Setting 7: Screening, ID anti-tampering & biometrics
Requires a verification form to be sent out so that the client can complete their biometric video and upload their ID for the anti-tampering and biometric checks to be completed.
Includes screening check on the individual.
Verification Settings Table
| Screening (PEP, Sanctions & Adverse Media) | Personal details (Name, DOB & Address) | Gov ID | Anti-tampering | Biometric | |
|---|---|---|---|---|---|
| Screening only | ✓ | ||||
| KYC only (Name, DOB & Address) | ✓ | ✓ | |||
| KYC only (with Govt ID) | ✓ | ✓ | ✓ | ||
| KYC & ID anti-tampering | ✓ | ✓ | ✓ | ✓ | |
| KYC, ID anti-tampering & biometrics | ✓ | ✓ | ✓ | ✓ | ✓ |
| Screening & ID anti-tampering | ✓ | ✓ | |||
| Screening, ID anti-tampering & biometrics | ✓ | ✓ | ✓ |
*Biometrics can always be skipped (configured on by default)