Streamline AML Workflows and Adapt to Changing Regulations

We are starting the year with updates designed to streamline your AML workflows and adapt to changing regulations. Take a look at the latest enhancements in Vestlane!

Enhanced Risk Assessment Workflow

After launching Name Screening, we have further upgraded the Risk Level + CDD page to bring all aspects of investor onboarding into one centralized platform.

Whether you manage risk assessments internally or work with external advisors, Vestlane now makes this process seamless.

• Assign Risk Levels: Evaluate potential investors and related parties based on screening results, responses, and your organization’s risk methodology, ensuring compliance with AML regulations.
• Approval Workflows: Implement a 4-eye principle with dedicated reviewers and approvals, logging all actions for full transparency and audit readiness.
• Private Workspace: This section remains completely hidden from investors, offering you and your advisors a secure environment for risk evaluations.

Risk Confirmation Update for Funds Based in Germany or Targeting German Market

Starting 31 December 2024, changes to the German Bureaucracy Relief Act IV (BEG IV) will impact Risk Confirmations for semi-professional investors:

• No more wet-ink signature or QES Required: Under the updated German Investment Code, semi-professional investors can now provide their risk confirmation in simple text form without the need for a wet-ink signature or Qualified Electronic Signature (QES).
• Faster Signing Process: Vestlane has been updated to reflect this change, helping you save time while staying compliant.

💡 This is particularly relevant for funds based in Germany or funds that market to German-based investors and simplifies the onboarding process for semi-professional investors.

You can explore all past product release notes in our Help Center.

Book a demo today to learn everything you need to know about name screening with Vestlane.