AML Compliance: Comprehensive Guide to Source of Funds for Conveyancers and Legal Practitioners

Compliance with Anti-Money Laundering is crucial for maintaining the integrity of financial transactions in the realm of conveyancing and property transactions. At the core of this endeavour is the verification of the source of funds, which is essential for identifying and mitigating money laundering risks.

To help conveyancers and legal practitioners navigate this process better, Amiqus has put together a comprehensive guide that provides practical insights and solutions to streamline Source of Funds verification.

In this guide, you will find:

  • Regulatory Requirements: carrying out Source of Funds checks as per LSAG directives
  • Documentation and verification: necessary documents to establish the funds’ origin and provenance
  • Enhanced Due Diligence: taking a risk-based approach to Source of Funds verification
  • Compliance Technology: leveraging Open Banking for Source of Funds verification
  • Benefits of Compliance Technology: advantages of using a digital platform that streamlines all AML checks

Click to Download Amiqus’ comprehensive Source of Funds guide, and ensure you can efficiently carry out Source of Funds checks on your existing and new clients to the highest standard.

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