A law firm needs to run KYC on its business clients (for incorporations, transactions, ongoing mandates) but doesn’t have a full AML/KYC departmental.

Problems:

  • Each partner or team uses its own intake form and checklist.

  • Junior staff google clients, check registries manually, and store PDFs in shared drives.

  • Quality and depth of KYC varies; there’s no consistent standard or audit trail.

Three individuals holding hands in a supportive gesture over a table with various documents and digital devices.

How Veridable can help:

  • Veridable helps the firm define a simple, standard KYC policy for their use cases (what to ask, what documents, what checks).

  • Clients are onboarded through Veridable’s collaboration space instead of long email questionnaires.

  • Veridable’s managed / automated KYC service runs checks (registries, sanctions/PEP, adverse media, UBO and credit etc) and returns a KYC summary + risk recommendation.

  • Each client ends up with a reusable KYC profile in the system that the firm can refresh based on changes.

Benefits:

  • The firm delivers bank-grade, consistent KYC without hiring a full compliance team.

  • The business team can see a clear, concise KYC result instead of raw, messy data.

  • The firm can demonstrate a robust, repeatable process to regulators, banks and clients – turning KYC from a cost centre into a trust signal.