Conveyancing Source of Funds Checks video
Every statement read, every hop of the deposit cited, and every gift traced back into the donor's own account before exchange. 1:19
What the film shows
Reads a buyer's bank statements and gift letters and traces the deposit, for conveyancers' AML
Agents build the document list from the buyer's declared contributions, read every statement and payslip, trace each contribution hop by hop to the client account, and read the donors' own statements to check the gift letter against the money. They draft one plain request and a cited file note; the conveyancer approves and the reporting officer decides.
Transcript
- Conveyancing Source of Funds Checks traces every pound of a buyer's deposit, for conveyancers.
- Regulators found one conveyancing file in ten with no source of funds work.
- Hannah's deposit is ninety-seven thousand pounds, from three contributions.
- Agents read sixty-five statements, citing every pound to its line.
- Her savings and bonus trace cleanly, payslip to account.
- Then the sixty thousand pound gift lights up: it reached her parents three days earlier.
- The letter says savings, not a loan; the statement says bridge.
- Imelda approves one plain request for four missing items.
- She refers the gift to Owain, who holds exchange until it clears.
- Every pound traced or flagged before exchange, in forty minutes.
- Built on Botminds: agents, data, screens and governance on one platform.
The narration as written for the film. Captions are on the player.