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.


TABLE OF CONTENTS


The following flexible verifications are available.

Compliance teams can select the most applicable of the five options they wish to be enabled depending on their relevance to their business, or jurisdiction.


Glossary:


Term:Meaning:Further information:
EIVElectronic Identity VerificationN/A
EIV formElectronic Identity Verification formN/A
KYCKnow Your Customer (Verifying Name, DOB, Address)N/A
ID anti-tamperingID document scan designed to identify fraudulent documents.Click here
BiometricFacial recognition, comparing the individual to their IDClick here


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 (PEPs & Sanctions) using details supplied at case creation (name and DOB). No EIV form is sent.

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 (PEPs & Sanctions) is undertaken as part of this check.

ID Document details will only be verified if GovtID 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 (PEPs & Sanctions) 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, 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 (PEPs & Sanctions) is undertaken as part of this check.


*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 individuals 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 individuals full name, date of birth*, address*, and contact details.

*Mandatory fields




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

*Mandatory field