Leading risk and compliance consultancy Legal Eye, has been assisting firms across England and Wales…
Future focus – collaboration is key to Source of Funds compliance success
The hot topic of Source of Funds and Source of Wealth, continues apace. Regulators have made it clear that the requirement to provide sufficient source evidence as part of the client due diligence process is imperative.
All the firms that the team at Armalytix work with are clear in what they need:
- Reduce the time taken by clients to return Source of Funds information
- A process to readily highlight risk in transactions and at an earlier point
- A more efficient internal approval process
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