You are relieved from UBO forms

By setting up your AML process completely digitally in accordance with automated workflows, you are finally relieved of working with time-consuming UBO statements. These forms, often sent in PDF, are a thing of the past as of now. Automating and objectifying this process prevents frustration for you and your client. The Regulatory Lab digital process contains all requirements that follow from the AML Directive and is updated in the event of legislative changes. You save time and money and always work in accordance with the latest legislation.

AML

The AML directive has two core obligations; customer due diligence and the obligation to report unusual transactions. The AML module supports you with the identification and verification of clients and the recognition of unusual transactions. The module also provides a recording and audit trail of all necessary steps. As a result, you fully comply with all the AML requirements and are fully prepared for a visit by the regulator authority.

Holdinga Matthijssen Kraak

Since we are entrepreneurs ourselves, we understand better than anyone that our clients, mostly entrepreneurs, want to provide us with AML specific information in an easy and accessible way. The Regulatory Lab application helps us enormously in this process, as we are relieved from UBO forms, and we can quickly focus on the contents of the content.

Holdinga Matthijssen Kraak

Rob Londeman | Partner

FAQ

Where is the data stored?
On its own domain in the EU or in the Netherlands.
Does the application generate a summary for the regulatory body?
Yes, the application generates a detailed summary with all the relevant information for the regulatory body.
Is the application only available in Dutch?
No, Dutch and English are the standard languages and can be expanded with other languages on request.
Is the AML content kept up-to-date?
Yes, the application is kept up-to-date. In case of any legislation amendments, the application is amended accordingly.
Is the application only suitable for large firms?
No, the application is suitable for small, medium and large offices.
Does the application check for any sanctions as well?
Yes, the application checks and monitors all mandatory sanctions lists, the UN, EU and Dutch lists. In addition, the high-risk country lists are also checked and monitored. This way you no longer have to subscribe to expensive suppliers where you can check names. Manual checking is a thing of the past.
Is the application only available in Dutch?
No, Dutch and English are the standard languages and can be expanded with other languages on request.
Are the files separated from the case files?
Yes, AML and Voda information is stored separately.
Do I also comply with the GDPR guidelines?
You may store and keep information that you request under the AML directive, but you may not use it for any other purposes. The AML compliance software ensures that this information is stored separately. Data does not end up in other applications, such as a file administration or CRM application. This way you not only comply with the AML directive, but also with the GDPR guidelines.
How do you differ from other AML compliance software?
Regulatory Lab distinguishes itself by involving clients in the process by not only checking the various databases, but also by offering automated workflows to streamline the entire AML compliance process and all related activities. Where other suppliers focus on transactions within banking, and our software is specifically made for the legal sector.
Is the application only suitable for AML or also for Voda cases?
Both the AML and Voda identification can be done through the application.