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Source of FAQ! Answering all your questions about Source of Funds

Source of funds isn't exactly a source of… fun, for your firms, fee earners and clients.

So we put ourselves in the hot seat. Our resident AML expert, Harriet and Senior Product Marketing Manager, Anna, took your most-asked questions and answered them properly, no topic off limits.

We get into where the real challenge sits (it's confidence, not awareness), how much evidence is actually enough, what should trigger a deeper review and what a regulator wants to see in your file six months down the line. Then we look at where technology genuinely helps, from open banking data that comes straight from the bank to keeping a clear, defensible audit trail.

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About this webinar

  • Why source of funds is a confidence problem, not an awareness one, and what the Solicitors Regulation Authority (SRA) review of 5,800 files revealed.

  • What should trigger a deeper review, and Harriet's rule of thumb: be curious, not suspicious.

  • Where technology earns its place, from open banking data straight from the bank to a defensible audit trail.

  • How much is "enough". There's no fixed look-back period, and six months was never the rule.

  • What a regulator expects on your file, because if it isn't written down, it's assumed it didn't happen.

  • Product walkthrough: Covering liveness detection, Enhanced NFC ID, giftor data protection and retired clients.

The panel

Anna

Anna Rasmussen

Senior Product Marketing Manager, Thirdfort

Harriet headshot

Harriet Holmes

Senior AML Enablement & Product Assurance Manager, Thirdfort

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