Anti-Money Laundering / Counter Financing Terrorism Legislation

What is a Politically Exposed Person? (PEP)
Summary A politically exposed person (PEP) is a person, an immediate family member of that person, or someone who has closed business ties to that perso...
Tue, 19 Jul, 2022 at 3:19 PM
What does Electronic Verification Mean? (EID&V)(EIV)
Summary Electronic Identity Verification is a process conducted by First AML to ensure an individual's Identity Documents are currently valid. First A...
Mon, 11 Apr, 2022 at 2:37 PM
What is Source of Wealth/Funds?
Summary First AML conducts customer due diligence on behalf of its clients, collecting your information on their behalf, and this will often involve req...
Mon, 11 Apr, 2022 at 4:49 PM
What is Anti-Money Laundering (AML)?
Summary  In short, AML/CFT stands for "Anti-Money Laundering and Countering Financing of Terrorism".  Anti money laundering (AML) refers to law...
Mon, 11 Apr, 2022 at 2:33 PM
Why do I have to do AML?
Summary This article will explain why AML is required, with links to the relevant legislation for New Zealand, Australia, and United Kingdom.   T...
Mon, 2 May, 2022 at 11:45 AM
What is Adverse Media Screening?
Summary Adverse Media Screening with regards to AML is essentially a check on any negative information on an individual or entity discovered across vari...
Tue, 19 Jul, 2022 at 4:33 PM
What is a Sanction?
Summary Sanctions are prohibitions and restrictions involving financial activities through financial services. These can be placed on entire countries o...
Wed, 10 Aug, 2022 at 12:07 PM