I’m looking forward to the Source of Funds webinar on 26th March. This session wasn’t born in a vacuum; I chose the topic after speaking with numerous fee earners and support staff during recent Reg 21 Independent AML Audits. The message was clear: people want more practical training in this area. It’s a timely request, too as I’m currently seeing Source of Funds training flagged in 50% of the SRA AML audit outcome letters I review
Description
When it comes to Source of Funds, property lawyers are often left wondering “How far back should I investigate?” During this webinar Lexsure dive into the complex world of Source of Funds and discuss how to approach different scenarios, as well as offering practical tips for SoF compliance.
This webinar will explore what you need to understand about SOF/SOW requirements, and will equip you with the insights you need to ask the right questions of clients.
The following questions will be addressed:
- What does the SRA want, and how do I make sure I meet their requirements?
- What are the key principles, common pitfalls, issues and risks with Source of Funds?
- How far should your analysis go when it comes to ‘contributors/gifts’?
- Are the technology providers over promising when it comes to quick and easy solutions?