TABLE OF CONTENTS


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.


Glossary:


Term:
Meaning:
Further information:
EIV
Electronic Identity Verification
N/A
EIV form
Electronic Identity Verification form
N/A
KYC
Know Your Customer (Verifying Name, DOB, Address)
N/A
ID anti-tampering
ID document scan designed to identify fraudulent documents.
Biometric
Facial recognition, comparing the individual to their ID



   Verification Settings

   The following is a list of definitions for each of the verification settings, and, a table confirming what

   individual details are verified:

    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 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. Basic screening (PEPs & Sanctions) undertaken.

     Setting 3: KYC Only (with Govt ID)

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.


*Only available for NZ customers who need to check GovID as part of KYC

     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.


Basic screening is undertaken as part of this check.

     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.


Basic screening is undertaken as part of this check.



Setting 6: Screening & ID anti-tampering

    A basic screening check completed on the individual along with completing anti-tampering on the ID           document. 

     

     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 biometrics to be completed. 




*Biometrics can always be skipped (configured on by default) 




How to select Verification Type at a Case & Individual Level

With assistance from your First AML Implementation specialist, select the verification settings that best suit your compliance needs. Once configured you will have the option to select verification type at a case and individual level.


Video demonstration




At a case level


  1. Select ‘Create new case’
  2. Select the primary entity type
  3. Select your verification type (click the downwards triangle to prompt the dropdown*)
  4. Enter the case name and submit your case

*Please note that only the options you configure will be visible in the dropdown. All individuals created and added within the case will automatically populate with the verification level you select at case creation. If needed you can adjust the verification setting when creating an individual within the case.




At an individual level

The verification level you selected as a case level will automatically populate when adding individuals. You can change an individual’s verification type by clicking the ‘Verification type’ dropdown.




Selecting any of the below options will ask for the individual's full name and contact details so you can send them an electronic identity verification form via the platform:


  • KYC only (using EIV)
  • KYC & ID anti-tampering
  • KYC, ID anti-tampering & biometrics




Selecting KYC only (no EIV) will ask for the individual's full name, date of birth*, address*, and contact details.

*Mandatory fields




Selecting Screening only will ask for the individual's full name, date of birth* and contact details.

*Mandatory field





How do you upgrade or downgrade a verification type?


You can upgrade or downgrade a verification type for an individual easily.

  1. Navigate to the Manifest and click ‘Verification details’
  2. Click the dropdown under ‘Verification type’ and select whichever new verification type you want to change.
    1. Please note depending on the new select verification type there may be new mandatory fields.
    2. Upgrade Example: You are upgrading an individual from ‘Screening Only’ to ‘KYC + ID anti-tampering’. This will prompt you to provide the email address or phone number of the individual to send an EIV form
    3. Downgrade Example: You are downgrading from ‘KYC + ID anti-tampering + biometrics’ to ‘KYC Only’. This will prompt you to provide the individual’s name, date of birth and address information to run a KYC-only check.
  3. Click ‘Save’ to save the new verification type.