Episode 3 - How not to conduct source of funds checks: A Cautionary Tale from the SDT
The AML Clinic PodcastShow Notes
Send us Fan Mail In this episode of The ANL Clinic, we dive into one of the most critical and often misunderstood areas of financial crime prevention: the difference between source of funds and source of wealth. We explore a real Solicitor Disciplinary Tribunal case involving a politically exposed person, a £1.1 million transaction and a £1.9million transaction, and serious gaps in due diligence. Key takeaways: Why distinguishing source of funds vs source of wealth mattersThe risks of r...
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