Key Features and Functions include:
Automated Client Onboarding
RegLab digitizes and streamlines client onboarding by prompting clients to submit required identification and documentation through secure links, reducing manual effort and error.
Regulatory Screening & Risk Checks
The platform automatically performs screenings against PEP lists, sanction lists, adverse media, and high-risk country lists, keeping firms updated on potential compliance risks.
AML & Non-AML Workflows
RegLab supports both AML-regulated and non-AML matters, providing workflow support for compliance tasks and real-time overviews of matter types.
Document Approval & Tracking
The system manages engagement letters, general terms and conditions, and privacy statements, ensuring clients acknowledge required documents and changes over time.
Reporting & Audit Support
Users can generate regulator-ready reports, maintain audit trails showing actions taken on matters, and export compliance data in standard formats for inspections.
Integrated Compliance Services
Beyond software, RegLab offers specialist services including compliance audits, policy creation, training, and full outsourcing support for firms needing additional guidance.
Secure Platform & Integrations
RegLab provides a secure GDPR-aligned environment for data collection and storage, and offers integrations with CRM and file management systems to streamline workflows (details available via FAQ/contact).
This solution was formerly known as Regulatory Lab.
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