Legalian is a compliance platform designed for notaries, lawyers, tax advisors, and auditors to meet the requirements of the German Money Laundering Act (GwG) through automated processes and real-time monitoring of beneficial ownership. By integrating tools for risk analysis, document management, and secure client collaboration, Legalian significantly reduces administrative workload and enhances regulatory compliance efficiency.
Funding
Funding not disclosed
Founders
Product
Problem
Notaries, lawyers, tax advisors, and auditors in Germany face a complex and time-consuming process to comply with the German Money Laundering Act (GwG), requiring meticulous risk analysis, client due diligence, and ongoing monitoring of beneficial ownership. Manual processes and fragmented systems increase administrative overhead and the risk of non-compliance, potentially leading to penalties.
Solution
Legalian offers a compliance platform designed to streamline and automate GwG compliance for notaries, lawyers, tax advisors, and auditors. The platform provides tools for automated risk analysis, secure document management, and real-time monitoring of beneficial ownership, all within a single, integrated solution. By automating key processes and providing up-to-date information from relevant registers, Legalian reduces administrative workload, enhances regulatory compliance, and minimizes the risk of errors. The platform also facilitates secure collaboration with clients through automated questionnaires and document sharing.
Target Audience
Legalian primarily targets notaries, lawyers, tax advisors, and auditors in Germany who are required to comply with the German Money Laundering Act (GwG).
Features
- Automated identification of beneficial owners through live screening of shareholder lists within Germany.
- Real-time data extraction from relevant registers to provide up-to-date company information and documents.
- Automated questionnaire distribution and signature collection for streamlined client onboarding.
- AI-powered risk analysis to identify potential risks related to sanctions lists and PEP (Politically Exposed Persons).
- GwG & BaFin compliant identification process, including optional video identification for enhanced security.
- Integration with leading industry partners to ensure maximum data security.
- Customizable questionnaires to capture specific client information, such as tax identification numbers.
- Optional hosting in the "Behördencloud" (Sovereign Cloud der T-Systems) for enhanced security and compliance.