TLDR: The article explains how Thirdfort clients can review Source of Funds on the new CDD platform by selecting "All checks," finding the relevant check, and viewing detailed client and transaction information. The platform offers tabs for key findings, source overview, income, banking details, and downloadable evidence, providing comprehensive transaction analysis and risk assessment.
Reviewing Source of Funds
Source of Funds can be reviewed directly on the Thirdfort CDD platform or by downloading the PDF report. Reviewing Source of Funds on the CDD platform provides additional functionality, including the ability to filter bank data by account, date range, or transaction, and to download evidence.
How to review the source of funds on the CDD platform
- On the navigation menu on the left of the platform, select “All checks”
- Use the search functionality to find and select the relevant check
- One the Check details page, scroll down and select the “View source of funds” button.
- On the Source of funds results page, you’ll see the check details, including
a. Full name
b. Date of birth
c. Screening results (if relevant)
d. Details entered by the client related to the transaction, such as property price and address.
5. Below the details, you’ll see tabs, which give you a clear view of your clients source of funds.
a. Key findings: Surfaces any potential risk flags and items for consideration
b. Source of funds overview: Details all sources declared and their values
c. Source breakdown: Includes additional information relating to each source
d. Income: Includes details of your clients declared primary and any additional income sources.
e. Banking overview: Includes all the transaction data and details rom the bank statements shared by your client, which can be viewed by account and sorted by value, making analysis easy. Details include:
i. Name on account
ii. Account number
iii. Account type
iv. Connection (open banking or manual upload)
v. Closing balance
f. Evidence: Gives you the ability to view and download all documents and evidence uploaded to support your client's source of funds declaration.
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This guide is for Thirdfort Clients using the new CDD platform. This article may not apply if you have not yet been migrated to the new platform or access Thirdfort via a partner or reseller