ClariLab bundles the assets of two companies into a joint new entity. We are 50 percent data-driven, 50 percent tech-driven. This means we combine expertise in secure identification and AMLA-compliant verification of the necessary information on legal entities and natural persons with strong development expertise and networking in the financial world. What drives us? Curiosity, speed and no fear of big issues.
A unified KYC process to combat money laundering
The Money Laundering Act requires companies to know their customers in order to identify any money laundering and terrorist financing risks and deal with them accordingly. In light of this, “obligated parties” under the Money Laundering Act, such as banks or tax advisors, must perform certain checks. However, these checks are not standardized in the narrower sense, but vary in their execution both across and within industries. With the KYCnow platform, we can provide all groups of obligated parties with a fully automated, legally compliant process that also enables the independent maintenance of a KYC file.
We work for obligated parties under the Money Laundering Act
All obligated parties under the Money Laundering Act are subject to an explicit duty of proof and documentation and must be able to prove at any time, upon request by your competent supervisory authority, that you are fulfilling your obligations under money laundering law appropriately and effectively. This applies irrespective of whether any other obligated parties carry out money laundering prevention in the intended business. With the entry into force of the fifth EU Money Laundering Directive on January 1, 2020, obligated parties must prepare themselves for significantly stricter regulations against money laundering. The effort involved is considerable. That’s why our products provide partners with direct solutions to enable them to comply with audit processes within specified deadlines.
Data at the touch of a button: Fully automated KYC process with KYCnow
When optimizing the KYC process, we always strive for an automated, purely digital process. As a regtech startup from the mothers SCHUFA and fino, we deliver innovation and technical solutions based on the largest national data pool.
Our promise: a unique KYC solution. As the only market player today, we can offer and ensure complete automation of the process.
Our claim: to always map the KYC process in accordance with the latest status under the Money Laundering Act. The solutions can be adapted to the individual needs of the respective obligated parties. We understand the requirements of the individual industries and can tailor the platform to their needs.
Our service: With the platform we provide, obligated parties can maintain their KYC files completely independently. With our stand-alone products KYCnow App and Transparency Register API, companies can have the audit performed on site and discrepancy reports filed directly with the Transparency Register via a technical interface.