Source of Funds Guide for Conveyancers and Legal Practitioners
Securing Compliance and Integrity in Property Transactions
The SRA’s Anti-Money Laundering Report 2022-2023 has flagged conveyancing as a high-risk area for money laundering, emphasising the importance of due diligence and ongoing monitoring.
A crucial aspect of due diligence is verifying the Source of Funds and understanding how clients acquired them. Download our guide to gain valuable insights and tools for effective Source of Funds verification, essential for AML compliance in conveyancing.
This guide will help you to:
Gain clarity on regulatory requirements for Source of Funds checks as per LSAG directives
Discover the necessary documents to establish funds origin and provenance, aligning with LSAG guidance
Learn about taking a risk-based approach to Source of Funds verification
Stay informed about compliance technology leveraging Open Banking for enhanced Source of Funds verification
Explore the benefits of using a digital compliance platform that streamlines Source of Funds and all other essential AML checks
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