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.
Trusted by law firms, conveyancers & estate agents globally
Easily Verify Source of Funds and Source of Wealth
Industry-leading source of funds checks, made simple.
Source of funds checks are about limiting opportunities for criminals to use criminal property: there can be no money laundering without criminal property.
Not forgetting the importance of taking a risk-based approach – in anti-money laundering (AML) compliance, client 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.
Using Open Banking and our source of funds questionnaire you can quickly identify any unusual financial activity.
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
Remove Anonymity for Criminals
Preventing Fraud and Crime
AML Source of Funds
Source of Wealth
Enhanced Due Diligence
Prove Source of Funds
Simple For Your Clients
Convenient & Totally Paperless
Source of Funds Reviews
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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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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.
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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.
Natalie Foster
Partner at Inspire Legal
Read MoreA complete client onboarding experience for our clients making the AML process for our firm quicker and less time-consuming. It's a game changer for our firm and our onboarding time has been reduced to minutes. It's also fantastic for our clients who find it straightforward and clear to follow.
Countries Covered
ID Documents Covered
Languages Supported
Verified On The First Try
Fast. better consistency
How can Verify 365 help your law firm?
We have the best anti money laundering 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.