Red Flag Summary

We understand that your time is valuable, so we have developed a groundbreaking feature to help you reclaim the time you currently spend on identifying high-risk transactions. Forget about the highlighter and concentrate your attention where it really matters.

What type of things are flagged?

Our latest addition to the Source of Funds reports provides a thorough analysis of various transaction categories. With this new feature, you will gain valuable insights into the following areas:

• Gifts - Any gifts are immediately flagged.
• Mortgage - If your client is not using a mortgage to fund the purchase, this will be flagged.
• Cryptocurrency - If your client's funds include cryptocurrency, this will be highlighted.
• Funds from overseas - Any declared funds coming from overseas will be flagged.
• Funds from high-risk third countries - Any funds coming from HRTC's as listed by HMRC will be flagged.
• Declared savings - If your client's actual savings are less than their declared savings, we will flag this.
• Total number of cash deposits - If your client has made more than ten cash deposits, this will be flagged.
• Value of cash deposits - If the median value of your client's cash deposits exceeds £500, we will flag this for you

With these enhanced reports, you can delve deeper into your client's financial data, enabling you to make informed decisions and take appropriate actions. Invest your time wisely and let our advanced solution do the heavy lifting for you.

Walkthrough

What should I do if something is flagged?

Red Flag Results help you make informed decisions based on your own risk-based AML & compliance requirements. If you have any concerns regarding any highlighted financial transactions, please refer to your internal compliance policy.