The partnership will provide RICS 134,000+ chartered surveyors with a tailored AML solution across the United Kingdom, Australia (pending Tranche 2) and New Zealand.

First AML says it will speed up the AML compliance process and strengthen safeguards.

With First AML’s platform, verification, record-keeping and complex ownership structures can be promptly addressed, ensuring high verification rates and a streamlined process.

It provides a comprehensive AML verification and workflow management platform that consolidates all compliance needs for customer identification, auditing and data storage.

RICS international markets director for professional products, Lorella Paterson, says: “AML compliance is important for us as a regulator and an area of concern for many of our firms.

“This partnership with First AML provides an option based on a wealth of industry knowledge to help our members address their concerns.”

First AML’s UK country manager Simon Luke adds: “We are proud to be partnering with RICS to provide direct support to its members, helping them to navigate the complexities of AML compliance.

“Our objective is not only to safeguard their operations, but also to significantly reduce the AML burden, allowing RICS firms to focus on their core professional services.”