Not all lawyers are "obliged entities" within the meaning of the AMLA.
According to Section 2 para. 1 no. 10 GwG, lawyers, chambered legal advisors,
patent attorneys and notaries are obligated if they
a) participate in the planning and execution of the following transactions
for their clients:
aa) buying and selling real estate and commercial enterprises,
bb) managing money, securities or other assets,
cc) opening or managing bank, savings or securities accounts,
dd) raising the funds required to establish, operate or manage
companies,
ee) establishing, operating or managing trusts,
companies or similar structures or
b) carrying out financial or real estate transactions in the name and for the account of the client.
2In-house lawyers
This also applies in principle, as follows from Section 6 (3) GwG, to
in-house lawyers if they carry out the aforementioned catalog transactions as part
of their professional activity as employees of a company.

BetterCo supports the AMLA-compliant onboarding and monitoring of your clients, investors, buyers, traders, holdings, customers, .... KYC onboarding includes the identification (= data determination) of your customers - whether as natural persons or legal entities (B2C/B2B-KYC) - as well as the identification of the beneficial owners and their authorized representatives, if applicable. For this purpose, we access public data sources in order to pre-fill data as far as possible. Based on the data obtained, you can prepare the risk analysis and derive due diligence obligations. In order to verify the identity of customers, beneficial owners and authorized representatives after identification, we offer appropriate methods - from Face-2-Face Verification to Qualified Electronic Signature with VideoIdent. You can of course bring your own DocuSign account with you.
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BetterCo can be seamlessly integrated into your website. The data is stored directly in your BetterCo workspace and can be further qualified along the kyc-compliant onboarding, risk analysis and identity verification process. If required, the customer can be invited to collaborate in BetterCo at any time and add or confirm information if necessary.

Thanks to our approach of generating no-code workflows and being able to save extended master or process data dynamically, all processes can be adapted to your needs. By default, each workflow generates a PDF-based report at the end. This can serve as a "bridge" to email and paper-based processes. On the other hand, you can easily create workflows in which you save your PDF reports. In this way, you can gradually digitize the existing customer journey.

BetterCo is an end-to-end system - supporting all onboarding processes from integration into your website to contract signing. However, BetterCo's architecture is designed for integration into existing system landscapes. Together with our partners, we are constantly expanding our "out-of-the-box" integrations, e.g. in law firm systems such as LegalSense or CRMs such as Hubspot. Get in touch with us.

BetterCo offers the option of regularly checking all company and contact data of your customers against public data sources such as the commercial register or PEP, sanctions or adverse media data. Dedicated notifications can be set up to inform you, for example, about the appointment of new managing directors, changes in the shareholder structure or a PEP entry.