Case Study GREENFLAG

GREENFLAG Relies on Legalian for AML Compliance Checks!

GREENFLAG is a boutique law firm specialising in corporate law and M&A, serving a wide range of clients with complex corporate structures. The manual research and collection of registry data for AML checks was particularly time-consuming and prone to errors.

Challenge

The firm faced the following challenges:

• High time expenditure: The manual transfer of client information into our AML documentation forms and the procurement of various registry extracts for each client consumed a significant amount of time.

• Inefficient processes: The entire client acceptance process was delayed due to the time-consuming research.

• Client cooperation: Obtaining correct and up-to-date information from clients was a challenge.

Solution with Legalian

By implementing Legalian, GREENFLAG was able to significantly accelerate and automate the client onboarding process.

Key Improvements at a Glance:

• Direct data assimilation: Relevant data is automatically incorporated into the system, eliminating manual input.

• Automated queries: Legalian, through its direct interfaces, facilitates the automatic query of numerous international registry data directly from the platform.

Results

• Significant time savings: The automated queries substantially reduce the time required for research.

• Accelerated client acceptance process: The more efficient processes expedite the entire client acceptance process.

Conclusion

The digital inspection process by Legalian has significantly eased our workload. We save valuable time and can focus on advising our clients. Simplification of client participation is a major advantage. Legalian has become an indispensable tool for us.

Paul Caesar Rode, Partner at GREENFLAG