Apr 9, 2025

RegTech Analyst First AML, Know Your Customer join forces to streamline global KYB compliance April 09, 2025 First AML, a provider of an all-in-one anti-money laundering (AML) platform, has entered a strategic partnership with Know Your Customer . The partnership brings together complementary technologies to improve Know Your Business (KYB), Know Your Customer (KYC), and AML processes for financial institutions and other regulated firms operating globally. The primary aim of the collaboration is to simplify and strengthen cross-border compliance procedures. By embedding Know Your Customer’s registry capabilities into First AML’s platform, Source, the partnership offers regulated firms enhanced onboarding, business verification, and risk management tools in a single interface. First AML’s Source platform now gives users seamless access to real-time company registry data from over 140 jurisdictions. This integration allows for automatic unwrapping of complex beneficial ownership structures, instant retrieval of official company documents, and streamlined corporate structure verification—without requiring users to leave the Source platform or use additional tools. First AML, headquartered in New Zealand, provides an end-to-end AML compliance platform that simplifies customer due diligence for financial services, legal, and professional firms. The company focuses on automating and streamlining onboarding processes for individuals and entities, helping businesses meet regulatory requirements more efficiently. Know Your Customer, based in Hong Kong and Dublin, delivers modular compliance solutions that support global business verification. Its technology provides instant access to official company registries worldwide, making it easier for compliance teams to verify entities, monitor corporate changes, and assess risks with precision. The partnership arrives at a time when global financial crime is becoming increasingly complex and regulations are growing more stringent. The integrated solution empowers compliance teams to verify international entities faster, maintain consistent due diligence standards, and reduce time spent sourcing corporate data manually. According to the companies, the new offering is particularly suited to financial services, legal, and professional firms operating across multiple jurisdictions. The streamlined onboarding and monitoring capabilities ensure firms can scale operations while maintaining high standards of compliance. First AML chief revenue officer and co-founder Bion Behdin said, “This partnership enhances what our customers already experience through Source. By embedding Know Your Customer’s registry technology, we’ve strengthened our ability to automate KYB at scale, without adding complexity. It removes manual, fragmented steps from business verification, making onboarding faster, insights deeper and compliance more robust for firms operating across borders.” Know Your Customer CEO and co-founder Claus Christensen said, “We are excited to work closely with First AML to provide financial and regulated businesses with a comprehensive business verification solution. Our robust expertise and expansive access to company registries worldwide, coupled with First AML’s innovative technology, will empower financial organisations to establish tailored business compliance rules that align seamlessly with their risk appetite and operational requirements.” Keep up with all the latest RegTech news here Copyright © 2025 RegTech Analyst