Dealing with Source of Funds (SoF) and Source of Wealth (SoW) checks can often feel like navigating through a maze. But what if it could be simpler and more straightforward? In our latest guide we take a look at some of the most common pitfalls and myths associated with these crucial compliance tasks.

What You'll Learn:

• Understanding SoF and SoW: Get to grips with what these terms really mean and why they're pivotal in the fight against money laundering.
• Navigating high-risk clients: Discover clear strategies for dealing with politically exposed persons or clients from high-risk countries.
• Third-party funders: Understand the lates on conducting due diligence on third-party funders, including the often-overlooked 'bank of mum and dad.'
• Busting myths: Learn why funds in a UK bank account aren't automatically 'clean' and how to approach this common misconception.
• Practical tips and strategies: Gain valuable insights on creating effective policies, enhancing team knowledge, and improving client interactions for smoother SoF and SoW checks.

Don't let SoF and SoW checks be the bane of your compliance efforts. Register now to read our guide and take the first step toward more efficient, less stressful due diligence processes.

Register to receive your free guide today.

Your expertise, enhanced. Your compliance, simplified. Your peace of mind, restored.

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