AML: Source of Wealth & Source of Funds Enquiries

AML: Source of Wealth & Source of Funds Enquiries
Watch with Premium Plan
Watch Trailer
  • 51m
  • All Levels
  • Released 9th Oct 2023
  • Trevor Hellawell
  • Play Video
  • Play Trailer
  • Share the video
Ask a Question

Session 8 in a suite of regulatory updates the session will focus on the recent regulatory interest in the topic of source of wealth enquiries, as opposed to source of funds enquiries. The latter we are accustomed to requesting, but what is the difference between them and what are we expected to do in relation to the enquiries we make of a client’s overall wealth?

Candidates will learn:

  • Source of Wealth – what is it?
  • Source of Funds – how does it differ?
  • What do we need to ask of clients?
  • What records do we need to keep?
  • What evidence do we need?
  • Do we corroborative proof of the truth of what we are told?


Your CPD Certificate can be found in your Account.

Trevor Hellawell

CEO • ExL Practice Development

Trevor Hellawell is a solicitor and legal training and management consultant working with major law firms, local law societies, many legal training providers and other clients. Until going freelance in 1999 he was a full time lecturer with the University of Law, ending his career as a Principal Lecturer at the York Branch. Until recently returning to the freelance arena, he was Head of Law Programmes at BPP.

View Full Profile

Have a question?

Recommended for you

Losing Interest in Client Monies
eCOS: Electronic Client Onboarding Solution from InfoTrack
Residential Conveyancing
In partnership with InfoTrack
Losing Interest in Client Monies

Sign up - get notified first of new content releases

Social Channels

© 2024 All rights reserved For Media Group Registered in England No. 13063455 VAT Registration Number GB367031995