By Legal Futures Associate Legl
Meeting your firm’s due diligence requirements for international clients can be a challenge, especially when it comes to understanding structure and ownership. Gathering correct information from a variety of disparate sources can be a real time sink, and create unnecessary delays and burden for your teams.
With Legl’s International Company Reports, you can instantly build a picture of international businesses, supporting you to effectively manage risk and complete client due diligence. With an international company report you can instantly access and view key company financials, people, and group structures in one comprehensive report. The new feature grants your firm immediate access to group structures, directors, credit information, and more for businesses across 160 countries worldwide.
How do International Company Reports work?
Legl has improved our company reports so that you can now instantly generate reports for international businesses across 160 countries with the click of a button. Coupled with our instant PEPs/Sanctions screening for Directors, PSCs, and IDV workflows, you can complete due diligence processes on new business clients in a matter of moments.
By instantly providing detailed structure and ownership information, you can understand your client base better and create consistent processes for onboarding new business clients. With all the information collated in simple, easy to read reports, you can quickly carry out due diligence – and remove the time you would otherwise spend manually searching for information across external sources.
With Legl’s onboarding and compliance solution, law firms receive clear and concise details of company structure and ownership, credit risk, financial commentary, connected CCJs, and company history, as well as details of all identified persons of interest to the company.
How can your firm benefit from International Company Reports?
International Company Reports provide immediate results, with no unnecessary back-and-forth with your client, saving everyone’s valuable time without compromising on risk and due diligence requirements.
International Company Reports are part of Legl’s all-in-one platform for managing risk and compliance across the client lifecycle.
From within the Legl platform, you can now:
- Run instant screening checks on directors, UBOs or PSCs
- Carry out KYC on key individuals
- Request further company information and documents where required to meet your due diligence requirements.
- Automatically generate company reports to give your compliance team better oversight.
- Maintain complete audit trails for business clients.
At Legl, we help law firms to drive a competitive advantage by making compliance processes quick and simple. Effectively manage your law firms’ risk across domestic and international clients. For more information, schedule a personalised demo with us today.
