Timestamps
00:00 Welcome and introductions
01:08 New weekly product updates email digest
02:45 Governance: ethical walls, Risk Rules, Procedures and custom monitoring
13:28 Demo: commercial onboarding and the document library
22:55 Risk Rules in action: an unsigned passport is rejected
27:25 Commercial source of funds: client journey and delegating a source
31:33 Q&A: international proof of address, litigation CDD, source of funds questions
35:59 Reviewing the request in Legl
44:10 New risk assessment prompt and auto-populated answers
47:44 Flexible payment plans
51:24 Recap and closing
Key takeaways
- Governance has four parts: Risk Rules, Procedures, ethical walls and custom monitoring. Each part puts your firm’s risk policy into action at a different point in onboarding.
- Commercial source of funds now sits alongside the conveyancing version. The client picks the transaction type from a list, and you can lock the amount. The client can send one funding source to someone else by link, and open banking pulls the bank statements.
- Pre-tagged documents, such as engagement letters and TA forms, can now sit in a document library inside your workflows. You no longer need to drag and drop tags each time.
- When you finish reviewing a request, Legl prompts you to start or continue a risk assessment. It fills in answers from the CDD and can set a reassessment date from the risk rating. Every change is version-controlled.
- You can now subscribe to a weekly product updates email with the toggle on the Product Updates page.
