Source of funds AML COMPLIANCE

Source of Funds Checks for Law Firms

Transform your AML compliance process and prevent fraud with a digital-first approach to understanding source of funds and wealth. Source-of-funds checks are about limiting opportunities for criminals to use criminal property: there can be no money laundering without criminal property.

Trusted by law firms globally

Easily Verify Source of Funds and Source of Wealth

Industry-leading source of funds checks, made simple.

Not forgetting the importance of taking a risk-based approach – in anti-money laundering (AML) compliance, customer identification and verification comes second to understanding the source of the client’s funds as an integral part of client due diligence (CDD) and for the purpose of the retainer.

As part of one digital client onboarding workflow, our source of funds questionnaire feature delivers a paperless solution that gives you clear insight and analytics when identifying the origin of funds for a purchase.

It’s one of the most useful tools available when identifying funds and meeting AML compliance and it is entirely automated for your matter.

Trusted by hundreds of major law firms around the world

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Remove Anonymity for Criminals

Bring clients who may pose money laundering risks (due to criminal histories or their association with criminals) to the firm’s attention
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Source of Funds Checks

Source-of-funds checks are about limiting opportunities for criminals to use criminal property: there can be no money laundering without criminal property.
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Anti-Money Laundering Compliance (AML)

Understand the source of the client’s funds as an integral part of client due diligence (CDD) and for the purpose of the retainer
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Proceeds of Crime Act 2002 (POCA)

Under the Proceeds of Crime Act 2002 (POCA) a person commits an offence if they conceal, disguise, convert or transfer criminal property
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Enhanced Due Diligence

As part of the EDD process, Verify 365 can verify the source of wealth with evidence obtained from the client and/or independent source
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The Money Laundering Regulations (2017)

Use Verify 365 to scrutinise transactions undertaken throughout the course of the relationship, including, where necessary, the source of funds
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Speedy & Hassle Free

Designed not to compromise your onboarding process or client experience, our identity verification checks are fast and hassle-free.
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Simple For Your Clients

Simple to understand, our solutions ensure clients do not become frustrated with needlessly complex and cumbersome onboarding checks.
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Convenient & Totally Paperless

Clients can complete onboarding and get up and running no matter where they are located or what time it is due to our digital-first solutions.

What Our Clients Say About Us

  • Robina Shah
    Partner at Optimus Law
    Verify 365 set up a complete client onboarding experience for our clients from their platform. This made the AML process for our firm quicker and less time-consuming allowing the fee earners to get on with more important tasks. It's a game changer for our law firm and our onboarding time has literally been reduced to minutes. It's also fantastic for our clients who can verify ID remotely.
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  • Raminder Uberoi
    Partner at Starck Uberoi Solicitors
    Verifying the client's identity and source of funds used to take weeks due to the client needing to collect, print, and send their information in. A quicker way to verify the client had to be implemented. We wanted a system that utilised face biometrics and NFC technology, and a system that enabled our international clients to be properly identified. Verify 365 goes above and beyond any other system.  
    Read
  • Suezanne King
    Partner at SMQ Legal
    Using Verify 365 for our client onboarding process has been phenomenal, we are now onboarding clients in minutes. We now confidently take on clients from anywhere in the world! It takes seconds to send clients a link from the Verify 365 portal and then we wait for the AML report to be generated, whereas previously there was always an element of risk and uncertainty.
    Read
200+

Countries Covered

10000+

ID Documents Covered

45

Languages Supported

95%

Verified On The First Try

Fast. better consistency

How can Verify 365 help your law firm?

We have the best fraud detection system in the world, going above and beyond simple document checking. Get started with Verify 365 and make compliance your advantage with secure and compliant onboarding.

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