First AML
First AML is an Auckland customer due diligence platform founded in 2017, co founded by Bion Behdin who serves as chief revenue officer, and now operating across New Zealand…
Overview
First AML is an Auckland customer due diligence platform founded in 2017, co founded by Bion Behdin who serves as chief revenue officer, and now operating across New Zealand, Australia, the United Kingdom and Europe with separate platform instances for the Australasian and UK and European regions. The company began as a compliance operator rather than a software vendor and states it processed more than two million anti money laundering cases itself before releasing the platform, which is the experience it markets the product on. It sells an end to end customer due diligence workflow covering onboarding, individual and business verification, screening, enhanced and ongoing due diligence, risk assessment and regulatory reporting, aimed at organizations with complex or international entity structures. Four named AI features sit inside it. Entity Insights searches public records, registries and credit data to produce a structured open source report on an entity with follow up questions, aimed specifically at foreign entities and thin data jurisdictions. An AI document reader parses trust deeds, constitutions and other complex documents in around sixty seconds, extracts beneficial owners and certification details and builds the ownership structure inside the case. AI supported individual verification captures live video alongside an identity document and matches faces biometrically. Advanced AI screening surfaces court proceedings, criminal filings and paywalled content, and a screening agent labels each result as a false positive, false match or true match for a human to accept or override. The company frames the arrangement as the customer owning the compliance rules and review steps while the AI runs against them, clears routine work and escalates cases needing judgment. It serves four industries, accounting, law and conveyancing, real estate, and finance, and in February 2026 partnered with the legal software group Aderant to reach law firms internationally. It has raised roughly 26 million dollars, including a 21 million dollar Series B, from investors including Bedrock Capital and Icehouse Ventures, and runs a trust center, a security page, a public status page and a published plans and pricing page.
Details
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