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First Edition Realty Partners with Complytek for AML Compliance

September 12, 2024

We are thrilled to announce our partnership with First Edition Realty, one of Dubai’s leading real estate agencies. With a portfolio exceeding 8,000 listings, First Edition Realty navigates the complexities of the property market and now strengthens its compliance efforts with Complytek.ai.

Key Product Features Provided by Complytek

Complytek.ai offers First Edition Realty cutting-edge tools for AML compliance, risk management, and ongoing client monitoring. By collaborating with us, they streamline their processes in several key areas:

 

  • Comprehensive Risk Assessments: First Edition Realty leverages our ad-hoc risk assessments to ensure all transactions align with AML regulations, identifying risks like money laundering and suspicious financial behaviors in real-time.
  • Centralized Client Verification: Through our centralized KYC and AML platform, First Edition Realty performs seamless customer due diligence (CDD). This ensures compliance with UAE laws, while also verifying client identities and tracking beneficial ownership.
  • Automated Screening & Monitoring: First Edition Realty benefits from continuous monitoring and automatic blacklist screening, which helps detect any potential red flags throughout the transaction lifecycle.

With Complytek.ai, First Edition Realty stays fully compliant with UAE Decree-Law No. 20 of 2018, ensuring the security and transparency of all their client interactions. Together, we simplify complex compliance tasks and provide actionable insights, empowering First Edition Realty to focus on growing their business.

We look forward to continuing our partnership and supporting their growth through powerful, efficient compliance tools.

 

About Us

Complytek helps mid-market institutions fight money laundering with its award-winning Client Lifecycle Management (CLM) platform.

Recognized by ChartisRisktech AI 50, our CLM combines AI-powered monitoring and risk management to streamline compliance and combat the $3 trillion global money laundering problem  

Get started fast with deployment in just 48 hours for SaaS or 45 days for SaaP—at 15% lower cost than traditional systems. Complytek supports real estate businesses by simplifying compliance and managing client lifecycles effectively.