Introducing a Powerful Solution to Optimise Your Time and Effort
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.
Enhanced Source of Funds Reports: A Comprehensive Overview
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 three 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.
See how this works?
What to do when a red flag has been identified?
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.
Need more help?
These articles should answer most of your questions. However, if you have any further queries please click the live chat button in the bottom right of your screen to talk to a member of the Client Support Team.
Furthermore, should your client have any queries about the process, our dedicated Customer Support Hub will provide the answer to many of your client's questions. From here they can also chat directly with one of our consumer support team who can provide real-time help and assistance.