Digital implementation of money laundering prevention for tax advisors
Anti-money laundering obligations are part of the daily work of tax firms. In practice, however, audits, verifications, and documentation are often manual, distributed, and time-consuming.
GWP-Digital helps law firms to digitally map key audit steps in a structured and comprehensible manner.
If AML/GV obligations are handled alongside other tasks, gaps can quickly arise.
Unclear test benches
Which clients have already been vetted and where is information still missing?
Distributed information
Data, documents, and evidence are often located in different systems.
High effort
Audits take time, especially when information has to be searched for manually.
Document printing
Decisions and actions must remain traceable later on.
More structure for your money laundering prevention
GWP-Digital integrates key audit steps under the German Money Laundering Act (GwG) into a digital process. Law firms can capture relevant information in a more structured way, better track audits, and document results transparently.
Clients review
Collect relevant data in a structured manner and prepare it for the examination.
recognize risks
Systematically examine beneficial owners, anomalies, and risk factors.
Document results
Test results, measures taken, and open issues are recorded centrally.
5 steps to digital client auditing
GWP-Digital guides you through the key steps of anti-money laundering client due diligence in a structured manner: from data collection to documented risk assessment.
1. Record client data
Existing and new client data are integrated into the audit process.
2. Complete the information
Missing information and relevant evidence can be added as needed.
3. Check beneficial owners
Participation and control information is considered in a structured manner.
4. Assess risks
Relevant anomalies and risk factors are included in the assessment.
5. Document the test
The results are recorded in a traceable manner and remain available for follow-up questions.
Your advantages with GWP-Digital
Less manual effort
Key testing steps are consolidated into a digital process. This eliminates the need to track information across various repositories, documents, or emails.
More overview of AML processes
You can see more quickly which clients have already been processed, where information is still missing, and which cases require further review.
Verification of beneficial ownership
Participation and control information can be examined more specifically, and beneficial owners can be documented in a more transparent manner.
Support with screening and risk assessment
Relevant anomalies can be examined more systematically and included in the client's assessment.
Traceable documentation
Audit results, actions, and outstanding issues are recorded centrally. This facilitates queries, internal controls, and subsequent updates.
More relief in everyday law firm work
If the money laundering check is clearly structured, the organizational effort is reduced and more time remains for the actual client work.
Designed for tax firms. Supported by data and KYC experience.
GWP-Digital combines the tax advisor-oriented approach of fino taxtech, the proximity to the DATEV world, the data expertise of SCHUFA and the KYC experience of KYCnow.
FAQ about KYCnow
join Try 14 days for free
and get to know GWP-Digital
Get to know GWP-Digital and see how key KYC processes can be digitally, structurally and transparently mapped in your law firm.
