Acadias is a web-based service that lets professions covered by the German Money Laundering Act (Geldwäschegesetz, GwG) carry out their client due diligence digitally. It is aimed at lawyers, notaries, tax advisers, auditors, estate agents and dealers in goods. You create a client case, invite the client to supply data and have identity verified through a video-identification procedure. According to the vendor, beneficial owners are identified algorithmically, persons are screened against PEP, sanctions and terror lists, register documents are retrieved, and an AI-assisted risk profile and an audit-proof PDF report are produced. The service is delivered only as software as a service.
Acadias is based in Hamburg, Germany. The legal notice of its website names Nect GmbH of Hamburg as the operator, and no foreign parent company is stated. According to the vendor, all data is hosted in Germany. No self-hosted option is described. For European firms bound by the GwG, this keeps client and beneficial-ownership data with an EU provider. Ask the vendor for a data processing agreement and a list of subprocessors.