Whilst client identity verification is vital to this process, recent guidance – including that from the LSAG – has stated that understanding client source of funds is vital for robust AML controls. Our Source & Proof of Funds Check can help give you peace of mind by quickly collating the vital information you need to verify where your client’s money is coming from.
We provide a client-controlled process to enable digital reporting of key bank account data all within one report.
Our checks make client convenience a priority and removes the need for you to waste time analysing transactions by highlighting key fund movements and providing a visual timeline of balances.
Quickly check to see if the client has the necessary funds for the transaction, with access to transactions and balances up to two years, verified bank data, customisable date ranges, and multiple accounts in one report.
Rapidly assess if the client’s funds are from a legitimate source. Gain insights on accumulation of funds across multiple accounts with a full view of incomings and outgoings, the identification of large payments and receipts, and access two ￼￼years of marked up bank statements.
We can help you to balance your compliance obligations and customer experience needs with ease.
Our consultants will work with you to ensure smooth integration of our Proof and Source of Funds Check into your existing case management, CRM or third-party system.